blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Solana Targets 6M Transactions per Second Speed in 2023 through Firedancer

Umair Younas by Umair Younas
January 10, 2023 - 1:14 pm
in blockchain news, altcoins news
0
Solana
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Anatoly Yakovenko, the co-founder of Solana recently discussed the platform’s latest endeavours to provide convenience to the community. For this, the company is minimizing the issues faced by consumers by taking new initiatives and making serious efforts to enhance the speed of the blockchain via Firedancer. The co-founder mentioned that keeping in view the convenience of using mobiles, Solana Mobile has developed Solana Mobile Stack to offer Web3 capability on mobile devices.

Solana Co-Founder Shares Platform’s Development Roadmap for 2023 including Firedancer

The conventional mobiles have a centralized setup while the Saga phone (which is compatible with android) targets making mobile more acquainted with the crypto space. Formerly in 2022, the platform witnessed several vulnerabilities that paved the way toward a network halt. Since that time, the network has been paying attention to network reliability. Several community projects such as Mango and Jito are in advance operating to offer additional reliability.

Apart from that, the network’s largest upgrade could be offered by Firedancer (known as an exclusive validator client constructed by Jump). The purpose of Firedancer is to permit the consumers to operate their validators while utilizing one of 2 distinctive software units with autonomous dependencies. It is a 2nd validator client and can process nearly six million transfers per second during a test environment.

Solana’s present speed of transaction processing is considerably bigger than the present average of the network (approximately 4,000). Solana plans to execute 600,000 transactions per second through its validator client, Firedancer. The platform would be the sole network of smart contracts – except Ethereum – to contain more than 1 autonomous validator client. In case a vulnerability affects a client, the platform will not stop working. This would increase the resiliency and reliability of Solana.

To enhance the programmability of Solana, the platform is considering launching Token-22 shortly. This is an exclusive token standard that will permit the latest applications’ development. This will be related to gathering royalties on transactions as well as ownership. For improvement in the performance, Solana is working on the network’s runtime optimizations.

The Network Intends Offering Automatic Audits to Assist Developers

While focusing on the aspect of security, the elevation in the validators’ number has already made Solana substantially censorship-resistant and secure. Nonetheless, it is additionally operating on automatic audits developed by Sec3 and OtterSec. This feature will let the developers detect usual mistakes in development and smart contracts. Eventually, they would be able to develop more robustly. In the meantime, Seed Vault of Solana Mobile Stack and several other products for consumers will offer convenience in self-custody.

Tags: AltcoinsBlockchainCryptocurrencySOLSolana
ShareTweet
Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Recommended For You

EOS EVM v0.5.0 Launches, Facilitating Yield+ Liquidity Mining on EOS EVM

by Mushu Butt
May 31, 2023 - 1:12 pm
0
eos evm

EOS EVM v0.5.0 release brings Yield+ Liquidity Mining to the EOS ecosystem. A major milestone for EOS, showcasing rapid development and growth.

Read more

Anoma Secures $25 Million to Propel Third-Generation Intent-Centric Architecture

by Mushu Butt
May 31, 2023 - 1:00 pm
0
anoma foundation

The Anoma Foundation has triumphantly concluded a $25 million fundraising campaign to fuel the advancement of Anoma's intent-centric architecture.

Read more

Chinese Police Target the Team of Stablecoin Issuer Trust Reserve, Seize Its Office

by Umair Younas
May 31, 2023 - 12:32 pm
0
Investment Promotion China

Trust Reserve is being targeted by the police in China. Due to this, the company is witnessing trouble while operating within the Chinese jurisdiction.

Read more

Bitpanda Partners with Coinbase as Rival Tradecurve Price Increases 50%

by Josh Fernandez
May 31, 2023 - 11:48 am
0
eer

Discover key crypto market trends as Bitpanda and Coinbase unite to improve trading infrastructure and enrich user experience globally.

Read more

ChatGPT Coin Price Predictions for the 5 Best Cryptos to Buy Now!

by Josh Fernandez
May 31, 2023 - 11:14 am
0

Explore ChatGPT's coin price predictions for the top 5 cryptocurrencies to buy now. Discover why Uwerx is the best option for a diversified portfolio.

Read more
Next Post
CBDC

Central Bank of Nigeria to Develop Legal Framework for the Implementation of Stablecoins

PARTNERS LIST

  • sp

PRESS RELEASE

imageedithAICLCD

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

by Chainwire
May 31, 2023 - 2:06 pm
0

London, United Kingdom, May 31st, 2023, ChainwireMarking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled...

photoy

Ripple (XRP) Price Prediction – Ripple (XRP) Struggles to Hold Leading Position with HedgeUp (HDUP) and Solana (SOL) Covering Crypto Ground

by Max Clark
May 31, 2023 - 12:51 pm
0

Explore the high-stakes world of cryptocurrencies as Ripple (XRP) fights to maintain its leading position against rising contenders, HedgeUp (HDUP)...

tms network tmsn

TMS Network (TMSN) Makes Market Bullish with 3000% Gains While Kava (KAVA) Price Surges 40%

by Josh Fernandez
May 31, 2023 - 11:22 am
0

Discover the latest trends in the cryptocurrency market where TMS Network (TMSN) stuns with a 3000% growth in presale, making...

MZInvestDOjSBpFmtG

MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse

by Chainwire
May 30, 2023 - 3:22 pm
0

Singapore, Singapore, May 30th, 2023, ChainwireMetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise