Solana Developers to Resolve Scalability With Rare Technology

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The rapid expansion of the Solana network is leading to some congestion problems, but so far, these haven’t caused major concerns. To address potential future scaling challenges and bolster the ecosystem, Solana developers are upping their game. A fresh proposal on GitHub for Solana Improvements aims to tackle scalability issues by introducing a new hash, with the goal of enhancing network efficiency.

Solana improvement push

This proposal, put forth by developer Brooks Prumo, leverages Accounts Lattice Hash technology as a solution for scalability issues. In essence, it intends to employ homomorphic hashing to store a hash of the overall account status.

In simpler terms, this proposal suggests that each block would store a record (hash) of every account, rather than just the hashes of the accounts modified within the same block as it does now.

As an analyst, I’ve been examining Solana, a robust competitor to Ethereum with its unique dual-hashing systems – Epoch Accounts Hash and Accounts Delta Hash, as proposed by Brooks Prumo. Despite its functionality, these hashing systems exhibit certain limitations that necessitate the development of a new, improved system.

In simpler terms, the proposed change on GitHub, which introduces the Accounts Lattice Hash, could significantly improve both speed and security of the protocol once it gets approved.

Repositioning amid product diversification

The Accounts Lattice Hash proposal is being presented at a point in time when Solana is expanding its range of products. Recognized as a bustling hub for meme coins such as BONK, dogwifhat (WIF), and numerous others, a more scalable chain could enhance the user’s experience.

Indirectly affecting the chain, the possible introduction of a Solana-based ETF in the U.S. could potentially stir up increased interest in the coin due to new demand. Furthermore, an advanced protocol may bolster institutional investors’ preference for Solana when considering Bitcoin and Ethereum ETF alternatives.

In summary, significant changes could take place in the value of SOL over time. Currently, it’s being traded at approximately $214.94, and there has been a 4.1% increase in its price within the last 24 hours.

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2025-01-07 14:55