2024

Solana

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<ul>
 <li>Anatoly Yakovenko proposes ORE fork to boost Solana’s infrastructure.</li>
 <li>SWQoS implementation may enhance network stability.</li>
 <li>Positive trends in Solana’s market signal growing confidence.</li>
</ul>
<p>Solana co-founder Anatoly Yakovenko recently proposed an innovative approach to testing the blockchain’s capacity to handle increased traffic and transactions. The strategy involves forking the ORE protocol, a move Yakovenko believes could benefit the entire network.</p>
<p>Anatoly Yakovenko’s proposal came after a discussion sparked by Chaofan Shou, a PhD student at the University of Berkeley, who detailed his experience earning $10,000 daily through ORE mining. Yakovenko suggested the potential fork as a method to both assess and enhance the robustness of Solana’s infrastructure. His idea is for developers to create an ORE protocol variant on Solana’s testnet, which would then distribute rewards on the mainnet.</p>
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   <p lang="en" dir="ltr">Can someone build an ORE fork but with a miner on solana’s testnet then airdrop rewards on mainnet? All the validators and core devs will be your number one supporters. <br><br>Solana gets a testnet stress test, you get tokens. Everyone is happy. <a href="https://t.co/DXN2tA5PxJ" rel="noopener noreferrer nofollow">https://t.co/DXN2tA5PxJ</a></p>— toly <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@aeyakovenko) <a href="https://twitter.com/aeyakovenko/status/1779333840101581007?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 14, 2024</a>
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<p>This initiative is seen as a proactive measure to address the ongoing congestion issues plaguing Solana. By attracting a large number of users to participate in the fork, Yakovenko aims to simulate high traffic conditions to see how well the network performs under stress.</p>
<p><strong>Long-term Solutions and Network Stability</strong></p>
<p>In addition to the forking proposal, Solana is considering several other strategies to improve network performance. Among these is the implementation of the Stake Weighted Quality of Service (SWQoS), which aims to boost both security and stability. The urgency of these developments is underscored by the growing number of developers and innovators who are delaying their projects or seeking alternative platforms due to Solana’s performance issues.</p>
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   <p lang="en" dir="ltr">There is a bit of confusion about swqos in general. The min stake requirement isn’t there for dapps, it’s to cover the minimum non delinquent validator stake. So basically 100% of the validators are above the min. <br><br>In classic solana fashion, its purpose isn’t to solve your…</p>— toly <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@aeyakovenko) <a href="https://twitter.com/aeyakovenko/status/1779140614652559611?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 13, 2024</a>
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<p>Moreover, Yakovenko emphasized the importance of community involvement in these testing phases. The support from Solana’s developers and validators is crucial, as it ensures that the testing processes yield valuable insights into potential scalability solutions for the blockchain.</p>
<p>As of press time,Solana <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">exhibits</a> a strong recovery from an intraday low, showing an upturn in market sentiment. The price action moved from the $143 level, marking a notable trough, to ascend past the $150 threshold. This bullish trend reflects increased investor confidence, potentially spurred by the positive developments.&nbsp;</p>
<p>The process of refining Solana’s capacity to handle large volumes of transactions is ongoing, with efforts directed towards creating a more resilient infrastructure. As these solutions are gradually implemented and tested, the Solana community remains hopeful that the network will soon be able to support wider applications and user activities without succumbing to the pitfalls of congestion.</p>
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<p>The post <a href="https://cryptonewsland.com/solana-co-founder-advocates-for-ore-fork-to-evaluate-network-resilience/" rel="noopener noreferrer nofollow">Solana Co-founder Advocates for ORE Fork to Evaluate Network Resilience</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana Co-founder Advocates for ORE Fork to Evaluate Network Resilience

Crypto News Land

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