Anatoly Yakovenko, the founder of Solana, used X to set the record straight about some misunderstandings surrounding Solana’s Stake Weighted Quality of Service (SWQoS) system.
Strategies To Boost Transaction Inclusion Likelihood on Solana
On Friday, Austin Federa, the Communications Head at Solana Foundation, shared some strategies to enhance the chances of transactions being processed on the Solana network. He discussed the importance of priority fees, local fee markets, and Scalable Weighted Quantum Proof-of-Stake (SWQoS).
The priority fees feature works similarly to adjusting gas fees on other networks. Its purpose is to ensure that transactions are given priority when network congestion occurs, allowing for smoother operation. The local fee market comes into play when multiple users compete for the same resources, addressing the issue of state contention.
SWQoS comes next, functioning as an anti-Sybil and spam filter, offering worldwide defense against unwanted activities. It can work independently or in conjunction with other methods.
Significantly, the Network Quality of Service (SWQoS) is a potential solution the network team has been considering to address the recurring congestion issues on the Solana network.
The anticipated implementation of SWQoS is believed to enhance the functionality of Solana’s native token, SOL. In the past few weeks, the price of SOL has experienced a notable decline to around $142 from its previous peak of $205. There are predictions that the token could slide even lower and reach the next significant support level at $130.
Solana SWQoS Touted as Ideal by Yakovenko
There is certain confusion that the minimum stake requirement for Solana SWQoS is for Decentralized Applications (DApps). Yakovenko pointed out that this was not the case as it is actually to cover the minimum non-delinquent validator stake. This means that all the validators have gone beyond the minimum stake they are meant to hold.
In true Solana style, its role isn’t to directly address your predicament, but rather to step aside and let you find your own solutions. Possible alternatives could be a mempool, exchanging Tremp or Boden tokens for assured connections, or even a straightforward USDC vending machine for connections. (Yakovenko’s words)
There is a bit of confusion about swqos in general. The min stake requirement isn’t there for dapps, it’s to cover the minimum non delinquent validator stake. So basically 100% of the validators are above the min.
In classic solana fashion, its purpose isn’t to solve your…
— toly (@aeyakovenko) April 13, 2024
To explore alternative concepts without incorporating SWQoS, every validator would have to set up their software and provide the necessary resources. In contrast, integrating Solana’s SWQoS only necessitates a portion of staked validators to install the software.
Solana, in essence, becomes more efficient and easier to verify, thereby increasing its security. These discussions aim to assist Solana in regaining its former status within its rapidly expanding ecosystem.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- SOL PREDICTION. SOL cryptocurrency
- USD RUB PREDICTION
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- USD PHP PREDICTION
- ETHW PREDICTION. ETHW cryptocurrency
2024-04-13 21:23