Solana Community Backs Alpenglow Upgrade to Make Network Faster

The Solana community has overwhelmingly voted in favor of the Alpenglow protocol, a significant governance initiative aimed at boosting the network’s speed and efficiency.

With a 98.94% voter participation, the SIMD-0326 proposal, also known as the Alpenglow upgrade, was decisively approved by the Solana community, a move that could boost Solana’s price.

Solana Approves Alpenglow Upgrade

According to data from the voting site, over 206.9 trillion tokens were in favor, 2.2 trillion opposed the move, and about 144 billion tokens did not vote, with results showing Solana outperformed other altcoins.

Following the Alpenglow protocol’s mechanism to finalize transactions faster by using resources more efficiently, as it is concerned with how Solana verifies transactions and creates blocks. 

Advocates of the protocol believe that it will allow Solana to handle more transactions as usage grows, thus reducing congestion during busy periods and making the network more appealing to developers.

Similar to Ethereum, Solana allows the community to vote on proposals referred to as SIMDs, which cover different aspects of the blockchain, such as fee distribution and technical upgrades.

The launch of the Alpengow upgrade clearly indicates growth in Solana governance and adds Solana to the list of blockchains that continuously improve their network to meet customer specifications.

Solana’s High-Efficiency Fuels Upgrade Approval

The positive response to the Alpenglow upgrade is because Solana is one fastest and most efficient blockchains, as data from DefiLlama shows that Solana is leading in areas where speed and low cost are important.

With 65,000 transactions per second and an average transaction cost of around $0.00025, Solana has continued to push its limits, making it a preferred network choice for projects like World Liberty Financial’s USD1 stablecoin while underscoring Ethereum’s slower speed and higher cost. 

Solana also extends its efficiency to capital, earning over $562 million in DeFi revenue each quarter, surpassing Ethereum and BSC when compared to total value locked.