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Reading: Solana Proposes Innovative System to Tackle Scalability Issues
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COINTURK NEWS > Solana (SOL) > Solana Proposes Innovative System to Tackle Scalability Issues
Solana (SOL)

Solana Proposes Innovative System to Tackle Scalability Issues

In Brief

  • Solana introduces a system called "Lattice" to improve scalability.

  • The proposal aims to streamline account verification processes.

  • Experts suggest this could enhance Solana's market position and efficiency.

Ömer Ergin
Ömer Ergin 5 months ago
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Solana $179 (SOL) developers have proposed a new system aimed at addressing scalability issues. The system, named “Lattice,” will alter methods for verifying and tracking user accounts. Introduced in the SIMD-215 proposal published on January 6, a “lattice-based homomorphic hash function” has been unveiled, which has the potential to radically change how user accounts are monitored within the blockchain network.

Contents
Scalability Problem Can Be ResolvedAiming for a Faster and More Efficient System

Scalability Problem Can Be Resolved

Currently, Solana’s operation requires the “state” of all accounts to be recalculated regularly. This process becomes increasingly complex as the number of users grows. Solana Labs co-founder Anatoly Yakovenko discussed this issue on the X platform last May, highlighting how creating new accounts has become a costly process requiring each node to maintain a complete index of all existing accounts.

Altcoin Solana Development Proposal

According to the proposal, the Lattice Hash upgrade will eliminate the need to recalculate the state of all accounts. Instead, only accounts that have changed will be processed, aiming to enhance the efficiency of the network by speeding up the verification process.

Aiming for a Faster and More Efficient System

The proposed homomorphic hash feature will optimize state verification, allowing the network to process only changing data. A crypto research company, Republik Labs, likened this system’s operation to cleaning—a comment stating, “Instead of cleaning the entire house every day, only the messy areas will be organized.”

If implemented, the Solana network could achieve significant advancements in both speed and efficiency. In the last month, the network generated 43% more transaction volume than Ethereum (ETH) $2,649 on decentralized exchanges (DEX), reaching over 113 billion dollars in transaction volume. According to DefiLlama, Ethereum’s volume was 78.9 billion dollars, indicating Solana’s ongoing growth against its competitors.

Overall, the proposed upgrade is seen as a critical step for Solana to solidify its position in the cryptocurrency market and reach a broader user base. Market observers emphasize that the proposal could boost the price of the altcoin due to its supportive impact on the network’s development.

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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 conduct their own research.

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Ömer Ergin 7 January, 2025 - 5:45 pm 7 January, 2025 - 5:45 pm
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