Solflare, the wallet for the Solana network, announced on Monday that it will now allow users to pay muscle higher gas prices via network congestion.
“[Solflare] We are the first company to implement this in a user-friendly way, said Vidor Gencel, co-founder of Solrise Finance. murmuredIn-wallet transactions will automatically be prioritized at the current market price of fees, ensuring that transactions are completed faster than other in-wallet transactions.
Solflare [Solana] Our network is under load and we are increasing our fees slightly to prioritize transactions over others,” the company tweeted separately.
Since its launch in 2019, Solana Became a popular blockchain NFTs Decentralized application with speed and low cost. Still, these advantages make popular networks fall victim to network congestion when trying to handle a rush of transactions.
Fees have been part of crypto since the beginning of the industry, Bitcoin white paper. Transactions cost a small amount of coins or tokens of a particular network to send cryptocurrencies or NFTs from one wallet to another.
Last summer, Solana Labs introduced The variable gas rate to the network described by the company is a “neighborhood rate” approach that does not impact the wider network. Solana Labs co-founder Anatoly Yakovenko said at the time that the model was meant to avoid charging users high fees across the network when traffic was high.
Priority fees also help make the blockchain network more stable by preventing users from hitting the Solana network with repeated transactions in the hope that one of them will succeed.
According to Gencel, users of other wallets may not be able to trade during periods of high network traffic due to lack of proper prioritization.
Its worth noting that the state of Solana is quarantined, said co-founder and CEO Mert Mumtaz. HeliusSaid DecryptionSo a highly contested state won’t drive gas prices higher in other states, unlike ETH, for example, which has hot events such as: [Bored Ape Yacht Club] land mint, [transaction] Prices for all users increase. “
Solflare says priority pricing is already enabled for its apps on the web, browser extensions, in-wallet transactions with mobile, and its soon-to-be-launched app.
In December, after discussion in the Polygon community, a hard fork proposal was approved. polygon blockchainPolygon Lab says fork This network will help prevent gas price spikes and deal with chain reorganizations, also known as reorganizations. The fork is due tomorrow.
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