Solana Validators Vote on Alpenglow Proposal for New Consensus System
Solana's validator community is voting on the SIMD-0326, or Alpenglow proposal, which aims to upgrade its consensus mechanism.
Key Features of the Alpenglow Proposal
- Replaces TowerBFT with a faster consensus system
- Reduces block finality from 12.8 seconds to 100-150 milliseconds
- Developed by the Anza research team
- Introduces direct voting and signature aggregation
- Imposes a Validator Admission Ticket fee of 1.6 SOL per epoch
- Incinerates fees to offset inflation while maintaining economic barriers
- Expected to reduce validator expenses by approximately 20%
- Critics argue it may raise entry barriers for smaller operators
Solana has recently achieved over 100,000 Transactions Per Second (TPS), indicating strong performance capabilities.
The price of SOL has dropped to $180.70 after reaching over $201, influenced by a broader downtrend in the crypto market, affecting other cryptocurrencies like Bitcoin and Ethereum.
Snorter Bot Presale Update
The Snorter Bot presale has raised over $3.1 million, aiming to identify investment opportunities in the market.
Presale Statistics
- Current Price: $0.107
- Amount Raised: $3.1 million
- Ticker: SNORT