• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana: New Technology to Enhance Network Scalability

user avatar

by Giorgi Kostiuk

2 years ago

The Solana network is expanding rapidly, bringing some congestion challenges. Developers are working on resolving future scalability issues.

Solana Improvement Proposal

The proposal, supported by developer Brooks Prumo, relies on Accounts Lattice Hash technology to address scalability issues. This technology will enable each block to contain a hash of all accounts, unlike the current system where blocks only contain a hash of changed accounts.

Repositioning Amid Product Diversification

The proposal comes at a time when Solana is diversifying its product suite. A more scalable chain can enhance user experience and potentially increase institutional investor interest with the emergence of a Solana ETF.

Impact on Solana's Price

The long-term impact on SOL's price could be significant. Currently, the coin is trading at $214.94, up 4.1% over the past 24 hours.

With the new technology, Solana may improve its performance and meet increasing scalability demands.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

Importance of Validator Voting in XRPL Governance

chest

Validator voting is crucial for determining the activation of proposed amendments in the XRP Ledger, impacting long-term network development.

user avatarTenzin Dorje

XRP Ledger Approaches Key Validator Voting Window

chest

The XRP Ledger is approaching a critical deadline for validator voting on proposed protocol amendments that could influence future network features.

user avatarAisha Farooq

Solana's Stablecoin Market Cap Hits $15 Billion

chest

Solana's stablecoin market capitalization has surpassed $15 billion, marking a significant milestone in the network's liquidity growth.

user avatarBayarjavkhlan Ganbaatar

Anchorage Introduces Native TRX Staking for Institutions

chest

Anchorage Digital has launched a new service for institutional clients to stake TRX directly from their custody accounts, allowing them to earn rewards from the TRON network without transferring assets out of a regulated environment.

user avatarElias Mukuru

Solana's Alternative Stablecoin Supply Hits 481 Billion

chest

Solana's alternative stablecoin supply has reached 481 billion, indicating a diversification of liquidity on the network.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.