Helius CEO revealed that his firm is working on a new upgrade for Solana.
SOL is up 268.02% since November 2023 and has surged 47% in the past month.
The new upgrade is expected to increase Solana’s TPS by 1,000 times.
As SOL, the native cryptocurrency of Solana, approaches its all-time high of $260.06, efforts to enhance the network’s transactions per second (TPS) have been disclosed by Mert Mumtaz, CEO of Helius, a Solana infrastructure provider. Mumtaz stated that the network’s TPS could increase 1,000x via a planned upgrade.
In a post on X (formerly Twitter), Mumtaz noted that his team initially tried to keep the development low-key, but the booming market led to the revelation. The Helius executive confirmed that his firm is developing a performance optimization system expected to send the protocol’s TPS skyrocketing. Solana currently supports 65,000 transactions per second.
the moment is here
I've tried to keep quiet about this, but we've been working on a new system BTS for Solana that has shown promise in testnet to scale TPS by 1,000x (!), while not making any core breaking changes
I'm excited to finally reveal it: https://t.co/daQdYzzJXJ h…
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