The Solana (SOL) network is planning to implement an innovative system called “Lattice” to solve scalability issues. This new system aims to increase the efficiency of the network by making radical changes to the verification and monitoring processes of user accounts. If implemented, Solana could gain a significant advantage over its competitors in terms of speed and transaction volume.
This “lattice-based homomorphic hash function,” introduced with the SIMD-215 proposal published on January 6, has the potential to radically change Solana’s current account tracking methods. The biggest problem with the current structure is that the status of all accounts must be recalculated at regular intervals, which becomes more complex and costly as the number of users increases. Solana Labs co-founder Anatoly Yakovenko had previously voiced this in May, stating that each node must have a full index of all existing accounts, which is a significant hurdle for the network.
The newly proposed “Lattice Hash” upgrade will only process accounts that have changed, rather than recalculating the status of all accounts. This will speed up the verification process and increase the efficiency of the network. “Instead of cleaning the entire house every day, just tidy up the messy areas,” is how crypto research firm Republik Labs puts it.
If this system is implemented, the Solana network could see significant speed and efficiency gains. In the last month, Solana generated 43% more trading volume than Ethereum on decentralized exchanges (DEX), reaching a trading volume of over $113 billion. During the same period, the transaction volume on the Ethereum network remained at $78.9 billion. This data shows that Solana continues its growth trend against its competitors.
The innovation in question is considered a critical step aimed at strengthening Solana’s position in the cryptocurrency market and reaching a wider audience of users. Market observers note that such developments could raise the price of the altcoin.