A recent upgrade to the Solana network has increased the block capacity from 48 million to 60 million compute units. This change significantly affects the network's transaction processing capabilities.
What Changed in Solana Network
The upgrade enhances the block capacity of Solana, allowing it to handle more transactions per block. This should lead to faster processing and lower network congestion. The increased capacity paves the way for lower transaction fees and a more flexible experience for developers.
Impact of Upgrade on SOL Price
Historically, upgrades that improve network scalability lead to increased popularity and value of the cryptocurrency. Solana has shown recent price growth, which may be correlated with the upgrade. Currently, SOL price exhibits fluctuations, but the potential for growth remains.
Future of Solana
Further proposals are discussing the possibility of increasing block capacity to 100 million compute units. This highlights Solana's readiness to compete with other high-performance blockchains and the potential growth in the number of users and developed applications.
The Solana network upgrade marks a significant step towards enhancing its capabilities and competitiveness in the market, which may positively impact its price in the future.
