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Reading: A Giant Move That Could Pave the Way for the Rise! Developers Took Action on This Altcoin!
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EdaFace Newsfeed > Latest News > Altcoin News > A Giant Move That Could Pave the Way for the Rise! Developers Took Action on This Altcoin!
Altcoin News

A Giant Move That Could Pave the Way for the Rise! Developers Took Action on This Altcoin!

vitalclick
Last updated: January 7, 2025 4:30 pm
6 months ago
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solana In order to solve the scalability problems in the (SOL) network, the developers proposed a new system. Accordingly, this system, called “Lattice”, will change the methods of verifying and monitoring user accounts. A “lattice-based homomorphic hash function” was introduced with the proposal called SIMD-215, published on January 6. The system has the potential to radically change the way user accounts are tracked on the Blockchain network.

Scalability Problem Can Be SolvedIt is planned to achieve a faster and more efficient system

Scalability Problem Can Be Solved

In Solana’s current operation, the “status” of all accounts has to be recalculated regularly. This becomes a more complex process as the number of users increases. co-founder of Solana Labs Anatoly Yakovenkodiscussed this issue on the X platform in May last year. Yakovenko underlined this as a problem, stating that creating new accounts becomes a costly process and requires each node to have a full index of all existing accounts.

Altcoin Solana Development Proposal

According to the proposed proposal, the Accounts Lattice Hash upgrade will eliminate the need to recalculate the status of all accounts. Instead, only accounts that have changed will be processed. Thus, it is aimed to increase the efficiency of the network while accelerating the verification process.

It is planned to achieve a faster and more efficient system

The homomorphic hash feature in the proposal will optimize state verification. The feature will allow the network to process only changing data. Cryptocurrency research company that explains the functioning of this system in a simple way Republik Labslikening the proposal to a house cleaning, commented, “Instead of cleaning the entire house every day, only messy areas will be tidied.”

If the recommendation is implemented, the Solana network could make a significant improvement in both speed and efficiency. The network has increased on decentralized exchanges (DEX) in the last month. Ethereum $3,662.4It produced 43 percent more transaction volume than ETH (ETH), reaching a transaction volume of more than 113 billion dollars. DefiLlama According to data, the volume on the Ethereum network was 78.9 billion dollars. Data shows that Solana continues to grow against its competitors.

The proposal presented in every aspect is Solana’s cryptocurrency marketIt is seen as a critical step to strengthen its place in the market and reach a wider user base. Market observers emphasize that the proposal could increase the price of the altcoin as it would support the development of the network.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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