As such, fewer epochs will mean a reduction in the earnings collected by delegators and validators on the network. Solana’s staking rewards are paid on each epoch. Slower slot times, therefore, mean fewer epochs. At the ideal 400ms slot time, there are 182 epochs per year with each epoch lasting between two and three days. When slot times are slower, epochs become longer since there must be 432,000 slots in every epoch. When slot times become significantly longer than 400ms, the cluster’s clock begins to drift, that is to say, it loses synchronicity with real-world time.Īpart from on-chain timekeeping being out of sync with real-world time, the slow slot time issue could also have some economic consequences related to annualized staking rewards. PoH allows for decentralized timekeeping across all the nodes in a cluster. Solana uses clusters, a collection of validators that are responsible for processing transactions on its blockchain. PoH takes care of Solana’s timekeeping by enabling each node on the network to maintain an accurate record of time. While Solana is a proof-of-stake blockchain, the network also uses proof-of-history (PoH) as a consensus algorithm. Solana’s ideal slot time is 400 milliseconds (ms) but this value has almost doubled to about 746ms, according to data from the Solana blockchain explorer dashboard. Slot time refers to the time interval within which a validator can submit a block to the network. This time disparity is one of the effects of the current slower slot times on Solana. Transactions on the network will, however, show timestamps that are different from “wall-clock time,” as the statement put it. Solana’s (SOL) blockchain clock is currently adrift of real-world time by about 30 minutes due to longer than ideal slot times on the network, the project reported via its status page on Thursday.Īccording to the notice posted at 3:34 UTC, the issue does not have any impact on network performance.
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