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The Solana network is growing very quickly, and comes with some congestion issues. Although this did not pose a threat, Solana developers are ramping up the game to solve future scalability issues and support the ecosystem. New Solana Improvement suggestion GitHub seeks to solve the network's scalability issues by adding new hashes.
Solana Improvement Push
The proposal, sponsored by developer Brooks Prumo, relies on Accounts Lattice Hash technology to solve scalability challenges. Specifically, this proposal will use homogeneous hashing to preserve the hash of the overall computation state.
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The implications of this proposal are far-reaching as it will enable each block to host the hash of all accounts. This is different from the current system where blocks only contain the hash of all accounts changed in the same block.
Although Solana is effective, it appears as The main competitor to Ethereum With its two hashing systems, Epoch Accounts Hash and Accounts Delta Hash, as suggested by Brooks Prumo, both of these hashing systems have limitations, necessitating the need for a new system.
While the GitHub proposal has details, this new Accounts Lattice hash will enhance the speed and security of the protocol if it passes.
Repositioning amid product diversification
This network account segmentation proposal comes as Solana works to diversify its product portfolio. It is known as a thriving hub for meme coins such as Bonkand dogwifhat (WIF) and a million others, a more scalable chain can help improve the user experience.
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Although it does not directly affect the series, the possible appearance of a Spot Solana ETF In the United States it may also lead to increased demand for the currency. The enhanced protocol may also boost institutional investor interest in choosing Solana when there are alternatives to Bitcoin and Ethereum ETFs.
Overall, the impact on the SOL price could be profound in the long term. Currently, the coin is trading at $214.94, with a 4.1% rise over the past 24 hours.
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