At Solana’s as reported via its website, LEFT The blockchain clock is currently off about 30 minutes from real time due to longer than ideal time slots on the network.
However, according to the published advisory, this issue has no impact on network performance. However, due to this error, different time records than real time will be displayed for transactions on the network.
Time slots on the SOL network are getting longer
This time disparity is one of the effects of the currently slow slots in Solana. Slot duration refers to the time interval during which an authenticator can send a block to the network.
Solana’s ideal slot time is 400 milliseconds (ms), but according to data from the SOL Blockchain Explorer Dashboard, this value has almost doubled to around 746 ms.
While SOL is a Proof-of-Stake based Blockchain, the network also uses the Proof of History (PoH) mechanism as its consensus algorithm. PoH does Solana’s timing job by ensuring that every node on the network keeps an accurate record of time.
SOL uses clusters of validators who are responsible for processing transactions on the Blockchain. PoH provides decentralized time management across all nodes in a cluster.
When time slots significantly exceed 400ms, the cluster’s clock begins to slip, which means it loses synchronization with real time.
Solana Network’s Extended Time Slots May Help Verifiers Earn Less Money
Besides the fact that on-chain time management is out of sync with real time, the problem of slow time slots can also have economic ramifications regarding annual staking rewards.
As the slots slow down, the epochs get longer because there must be 432,000 slots in each epoch. With an ideal time slot of 400 ms, there are 182 epochs per year, each epoch lasting between two and three days. So slower timeslots mean less epoch.
SOL stake rewards are paid at this time of each epoch. Therefore, fewer epochs will mean less gains made by network delegates and validators.
*No investment advice.