Solana

ETF COIN

Rare

dogwifhat

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<p>The Solana network is growing very fast, and some congestion issues are coming with it. While this has not proven a menace, Solana developers are stepping up the game to resolve future scalability issues and support the ecosystem. A new Solana<a href="https://github.com/solana-foundation/solana-improvement-documents/blob/main/proposals/0215-accounts-lattice-hash.mdhttps://github.com/solana-foundation/solana-improvement-documents/blob/main/proposals/0215-accounts-lattice-hash.md" rel="noopener noreferrer nofollow">Improvement proposal</a> on GitHub seeks to solve the network’s scalability issues by adding a new hash.</p>
<h2 id="solana-improvement-push">Solana improvement push</h2>
<p>The proposal, sponsored by developer Brooks Prumo, relies on the Accounts Lattice Hash technology to solve scalability challenges. Specifically, this proposal will use homomorphic hashing to maintain a hash of the total account state.</p>
<p>The implication of this proposal is far-reaching as it will enable each block to host the hash of all accounts. This is different from the current system where blocks contain only the hash of all accounts changed in the same block.</p>
<p>Although Solana is functional, coming off as a<a href="https://u.today/ethereum-vs-solana-glassnode-spotlights-unexpected-performance-shift" rel="noopener noreferrer nofollow">major competitor to Ethereum</a> using its two hashing systems, the Epoch Accounts Hash and the Accounts Delta Hash, per the Brooks Prumo proposal, both of these hashing systems have limitations, requiring the need for a new one.</p>
<p>While the GitHub proposal contained the details, essentially, this new Accounts Lattice Hash will boost the protocol’s speed and security if passed.</p>
<h2 id="repositioning-amid-product-diversification">Repositioning amid product diversification</h2>
<p>This Accounts Lattice Hash proposal is coming at a time when Solana is diversifying its product suite. Known as a thriving hub for meme coins like<a href="https://u.today/dogecoin-doge-second-best-performer-in-top-100-bonk-bonk-follows" rel="noopener noreferrer nofollow">BONK</a>, dogwifhat (WIF) and a million others, a more scalable chain can help improve user experience.</p>
<p>While not directly impacting the chain, the potential emergence of a<a href="https://u.today/solana-etf-approval-expected-in-2025-insider-predicts" rel="noopener noreferrer nofollow">spot Solana ETF</a> in the United States might also drive new demand for the coin. An enhanced protocol might also solidify the interest from institutional investors to choose Solana when there is Bitcoin and Ethereum ETF alternatives.</p>
<p>Overall, the impact on the SOL price might be profound in the long term. For now, the coin is changing hands at $214.94, with a 4.1% uptick in the past 24 hours.</p> <a href="https://u.today/solana-developers-to-resolve-scalability-with-rare-technology" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Solana Developers to Resolve Scalability With Rare Technology

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