Solana Price Soars With New Network Upgrade
Solana’s price has been increasing recently. The value of SOL surged to $214.57. This marks an almost 6% increase over one day. This rise comes at a key time. It coincides with voting on a major network upgrade. This upgrade is called Alpenglow.
Solana has had the best performance this week. It is a top performer among the top 10 cryptocurrencies. The vote on the Alpenglow proposal has begun. The community is very excited about it. This upgrade is the most significant in the network’s history.
The Alpenglow Proposal and Its Purpose
The community has started voting on the SIMD-0326 proposal. Its name is Alpenglow. The main goal is to reduce block confirmation time. The proposal aims for a time of 150 ms. This will speed up transaction finalization. It will also help decentralized applications.
This new architecture is called Votor. It will replace the current consensus mechanisms. These are Proof of History and TowerBFT. Votor uses an off-chain voting system. This system will greatly reduce the network load.
The New Votor and Rotor Consensus Systems
The Alpenglow proposal introduces new systems. Votor is an off-chain voting system. It will reduce the network’s load. This is a big change from the current system. It makes the network more efficient. It helps it scale better.
The update will also implement a new system. It is a simplified block propagation system. Its name is Rotor. Rotor will replace the turbine approach. Turbine is a multi-tiered system. This will streamline block propagation.
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The Voting Process for the Upgrade
The voting on the proposal is underway. It will last for a total of three epochs. These epochs are numbered 840 to 842. The proposal needs a two-thirds majority. This is from all the validators. There is also a quorum. This quorum is 33%.
At this moment, 100 validators have voted. This accounts for 10.6% of the total votes. The community is still waiting for more validators. A decision will be made after the three epochs. The outcome of the vote will be important.
Speed and Efficiency on the Solana Network
Solana has already demonstrated high speed. On August 17, it became the first network. It reached a speed of 107,540 transactions per second. This happened during a stress test. This shows the network’s potential.
This new upgrade will make things even better. It is designed to make the network faster. It will also make it more efficient. This will attract more developers and users. It will help with widespread adoption.
Why This Upgrade Is So Important for Solana
This upgrade is crucial for Solana’s future. It addresses a core issue for blockchains. The issue is network load and speed. By reducing confirmation time, it becomes more usable. It becomes a better platform for dApps.
This change could attract more projects. Developers want a fast network. They want one that can handle high volume. This upgrade shows Solana is dedicated to improving. It shows a commitment to its users.
Solana’s Price Rises on Upgrade Vote
The price of Solana is rising. This is due to a vote on a major upgrade. The Alpenglow proposal aims for a faster network. It seeks to reduce block confirmation time. It will replace old systems with new ones.
The upgrade introduces the Votor and Rotor systems. This should reduce network load. It is a big step for Solana. It shows a commitment to speed. This makes the network more attractive to users.
