The Alpenglow upgrade approved by the Solana Foundation promises significant improvements to the network by reducing transaction finality time and enhancing security.
Approval of Alpenglow Upgrade
On September 2, the Solana community's vote resulted in a 98.27% approval for the Alpenglow upgrade proposal. Introduced by research firm Anza, the proposal replaces older protocols with more efficient and reliable systems, Votor and Rotor.
Enhancement of Transaction Speed
The Alpenglow upgrade will reduce transaction finality from 12.8 seconds to 100-150 milliseconds. According to the Solana Foundation, this enables Web2-level responsiveness, unlocking new use cases for financial services. 'At these speeds, Solana could achieve Web2-level responsiveness with L1 finality, opening up new use cases that require speed and cryptographic certainty,' stated the foundation.
SOL Price and Forecasts
As of the time of publication, SOL is trading at $209, showing a 2.53% increase. Analysts predict a potential rise to $215 by the end of September and $250 by year-end, driven by protocol updates and growing interest from institutional investors.
The Alpenglow upgrade marks an important step forward for the Solana network, improving its performance and opening doors to new opportunities within the decentralized finance market.
