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- 1 Solana blockchain is working on a plan that will improve network upgrades.
- 2 The blockchain is focusing on improvements for speed and scale.
Solana network or the Ethereum rival switched-on its improvement mode. As the co-founder of Solana blockchain, Anatoly Yakovenko, shared a plan that mentioned the “plans to improve network upgrades.”
What’s inside Solana’s plan?
The co-founder of Solana shared his thoughts via a plan that states about the network upgrades improvement. He wrote in a tweet that “2022 priorities were shipping new features and new tools. 2023 is stability.” Anatoly Yakovenko also added that “the core engineer is going to be focused on stability and adversarial testing.”
Yakovenko added in his plan that delivering a fast, reliable and scalable network is a top priority of Solana blockchain. He noted an issue in last week’s 1.14 network update that was focused on improvements for speed and scale. The upgrade also made clarity over how maintaining stability during these major updates remains a challenge.
However, his plans address the balance between reliability and building a scalable and fast network.
As in the 1.14 network update, the core engineers were tackling to fix live problems that were affecting the speed and usability of the network. While this also includes the issues such as “invalid gas metering, lack of flow control for transactions, lack of fee markets, spiraling ram, storage and restart overhead.”
And after the latest release, core engineers are planning to improve the process for software release rollouts by bringing in additional external developers and auditors to test and find exploits. The improvement plan also supports external core engineers including the Firedancer team building a second validator client.
The plan of core engineers improves the process by following particular network upgrades. While the process would need regenesis of the testnet image during the first downgrade. Yakovenko also gave the information that states over 2,000 developers are building thousands of programs on Solana.
Solana ($SOL) price analysis
The one-month price analysis of native token of Solana, SOL, states that it is down by almost 8.22%. And at press time, SOL is trading at a price of $21.96 with a decline of 2.40% in the last 24-hours. However, its year-to-date price is up by almost 120.58% of increase.
After Yakovenko shared his plan for network improvement upgrades on Solana network, there was no high price movement seen on SOL. While the rival coin, Ethereum also down by almost 1.52% in the last 24-hours with a current trading price of $1,640.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
