The Solana network has completed its vote on proposal SIMD-0326, approving the new Alpenglow consensus protocol. The proposal received significant support from the community.
General Approval of Alpenglow
The SIMD-0326 proposal passed with 98.27% voting Yes, 1.05% voting No, and 0.69% Abstaining. The elections showed high validator engagement, with 52% of total stake participating in the vote.
Introduction of Votor and Rotor
The Alpenglow protocol, developed by Anza, will replace Solana’s current systems: Proof-of-History and TowerBFT. The upgrade will introduce two key components — Votor and Rotor. Votor will significantly reduce transaction finality times from over 12 seconds to 150 milliseconds. Rotor will handle lower data transfers between validators, which is particularly useful for sectors like DeFi and gaming.
Market Impact and Next Steps
As Solana prepares to roll out the upgrade, its price has seen slight movement. At the time of writing, Solana is valued at $201.38, reflecting a 0.89% dip over the last 24 hours and a trading volume of $3.69 billion. The upcoming Alpenglow upgrade aims to enhance Solana's speed and scalability, enabling it to compete with major networks.
The approval of the Alpenglow protocol and its associated improvements may significantly enhance the competitiveness of the Solana network, offering users a more efficient and faster platform.
