Solana is on the cusp of a major redesign, with developers poised to unveil an ambitious new consensus protocol dubbed Alpenglow, promising near-instant finality and responsiveness.
Solana to Get Major Design Overhaul
Solana developers are planning what could be the blockchain’s most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.
Solana is a fast, decentralized, and scalable blockchain platform.
It uses a proof-of-stake (PoS) consensus algorithm called Turbine to process transactions quickly and efficiently.
Solana's architecture allows for high transaction throughput, making it suitable for large-scale applications such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.
The network is secured by validators who stake SOL tokens to participate in the validation process.
The new system, called Alpenglow, was unveiled on Monday by infrastructure firm Anza, a Solana Labs spinout. It proposes replacing Proof of History — Solana’s famously unique “pre-recorded clock” system — and Tower BFT, its existing voting mechanism for reaching consensus.
Improving Node Efficiency
Ethereum co-founder “Vitalik Buterin” has proposed a new design to reduce the hardware burden for running a network node. The concept of “partially stateless nodes” allows users to store only a subset of Ethereum’s data, rather than the entire blockchain that clocks in at over 1.3 terabytes (TB).
World Network Raises $135 Million
Sam Altman’s blockchain project “World Network” has raised $135 million in a private token sale of its WLD token. The sale was to venture capital giants a16z and Bain Capital Crypto, which will be used to fund network expansion.
A world network refers to a global system of interconnected communication networks, including internet service providers, 'fiber optic cables' , and satellite communications.
It enables the exchange of information between individuals, organizations, and governments worldwide.
The world network has revolutionized global communication, facilitating international trade, commerce, and collaboration.
According to the International Telecommunication Union (ITU), there were over 4.9 billion internet users in 2022, with an estimated 95% of the world's population having access to a mobile phone.
Solana Seeker Mobile Launches on August 4th
Solana Labs’ mobile team plans to ship its “Seeker” phone starting August 4th, in addition to sharing new information about some of its infrastructure framework as well as a new SKR token for its mobile users.
- coindesk.com | The Protocol: Solana To Get Major Design Overhaul
