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

Solana Proposes Homomorphic Hashing System for Scalability Improvement

user avatar

by Giorgi Kostiuk

a year ago

Solana developers have proposed a solution to scalability challenges using a new lattice-based homomorphic hashing system.

Solana's New Proposal

Solana's new proposal discusses a homomorphic hashing system aimed at enhancing network scalability by processing only updated accounts. This method is expected to compute a 'hash of all accounts' efficiently and with reduced resource usage.

Significance of the Proposal for the Network

Anatoly Yakovenko, co-founder of Solana Labs, highlighted the need to address the 'state growth problem.' The new system will update only changed accounts, reducing computational load and improving user processing, which will be beneficial for millions, and potentially billions, of accounts. The upgrade will be implemented through validator voting.

Solana's Current Market Position

Solana leads in the DeFi and on-chain activity sector. Over the past month, its DEX trade volume exceeded $113 billion, significantly higher than Ethereum's. SOL is valued at $216, showing a 12.49% increase over the past week.

Solana developers are diligently tackling scalability issues. If successful, 2025 could be a breakthrough year for the platform.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Set for Potential Increase

chest

Bitcoin's price is projected to rise, with long-term holders anchoring the market at higher levels.

user avatarRajesh Kumar

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

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.