Solana Implemented Alpenglow Update to Enhance NetworkVelocity
The Solana network has taken a significant stride forward with the approval of the Alpenglow consensus protocol. With a resounding vote of 98.27%, the community has green-lit the most substantial rewrite of the Solana protocol to date.
The Alpenglow upgrade, developed by the Solana team, aims to enhance the network's speed and scalability, allowing it to compete with top networks and attract high-volume applications. This upgrade is expected to facilitate faster processing and finality, reducing transaction finality times from over 12 seconds to 150 milliseconds.
The Alpenglow protocol introduces two powerful components: Votor and Rotor. Votor provides near-instant transaction confirmations, while Rotor reduces data transfers between validators, making it ideal for high-demand sectors like DeFi and blockchain gaming.
The passage of Alpenglow is seen as a crucial step towards achieving 1 million transactions per second. This milestone would position Solana as a leader in the blockchain industry, capable of handling the demands of large-scale applications.
Meanwhile, the trading volume of Solana reached $3.69 billion over the same period. This growth could be attributed to the excitement surrounding the Alpenglow upgrade and the potential it holds for the future of the network.
Investors may also find interest in the recently launched Solana ETF by Fonte Capital, which offers staking on AIX.
At the time of writing, Solana's value is $201.38, with a 0.89% dip over the last 24 hours. Despite this minor setback, the future looks promising for Solana with the implementation of the Alpenglow upgrade.
Kyle Samani, Managing Partner at Multicoin Capital, has emphasized the significance of the Alpenglow upgrade for Solana, positioning it as a key player in the blockchain industry. The Alpenglow upgrade will replace Solana's current systems: Proof-of-History for timestamping transactions and TowerBFT for managing the voting process for consensus.
The community governance process for SIMD-0326: Alpenglow is complete, and the proposal exceeded the required 66.67% threshold. With the launch date for Rotor yet to be announced, the Solana network continues to move forward, embracing change and innovation.
