• 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

a year 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

Solana's Price Drops Below 80 Amidst Ongoing Ecosystem Development

chest

Solana's price has fallen below the 80 mark, raising caution among traders, but the ecosystem continues to grow with real-world assets and DeFi activities.

user avatarDiego Alvarez

Revised Editorial Guidelines Target Improved Content Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarKenji Takahashi

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

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.