• 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

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

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.