Solana Releases Network Upgrade Improvement Plan, How It Impacts SOL Price?

Solana blockchain platform releases a plan to improve its network upgrade, which includes improving the upgrade process, forming an adversarial team, improving the restart process, and focusing on stability.

Solana co-founder Anatoly Yakovenko in a tweet on March 1 announces the “Plan To Improve Network Upgrades”. He believes the recent issues amid the 1.14 network upgrade for improving speed and scalability indicate the need for stability during the upgrades.

“2022 priorities were shipping new features and new tools. 2023 is stability. Tldr 1/3 of core eng is going to be focused on stability and adversarial testing.”

While the root cause of the outage last week is still unknown, the team is investigating the reasons behind the significant performance degradation during the 1.14 network upgrade. CoinGape explained the reasons behind frequent Solana blockchain outages.

Network Upgrade Improvement Plan by Solana

Solana plans to maintain the balance between reliability and improving speed and scalability on the network. Until now, core engineers were fixing problems impacting the network’s speed and usability. However, core engineers now plan to improve the process for software release following the 1.14 release.

Solana has outlined a plan for core engineers to help improve the upgrade process. Core engineers will release the new version to mainnet-beta validators for upgrade only after repeatedly stress-testing the testnet. This will help remove unnecessary steps before a network upgrade.

An adversarial team is formed from nearly 1/3rd of the Solana Labs core engineering team to help find issues with upgrades. The team will also provide hardware to run medium to large clusters for adversarial simulation.

Solana team to automate the restart process, resolving failures with simpler procedures. Therefore, nodes will automatically discover the “latest optimistically confirmed slot”. Also, share the ledger with each other if it is missing.

Stability is the focus in 2023. Solana plans a second validator client by Jump Crypto’s Firedancer team, tooling by Mango DAO developers, transitioning to QUIC network protocol, and other crucial improvements.

Also Read: Why Is Cardano Founder Tweeting About Dogecoin (DOGE)?

How SOL Price Will Impact?

Solana (SOL) price jumped over 2% in the last 24 hours, with the price currently trading at 22.72. The 24-hour low and high are $21.74 and $22.80, respectively. However, the trading volume has decreased by 15% in the last 24 hours, indicating a slight decrease in interest among traders.

The latest changes to likely improve SOL price if the network upgrade went successful after the changes. Solana should focus on that reliability does not suffer for the sake of innovation and speed.

Also Read: XRP Lawyer Predicts Win For Grayscale In Lawsuit Against US SEC

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.