Solana developers have proposed a new hashing system to address scalability issues caused by increased network usage. The proposal, known as SIMD-215, introduces a lattice-based homomorphic hashing function to track user accounts more efficiently. This new hashing function aims to scale Solana to accommodate billions of accounts while reducing the need for regular state recalculations. By implementing the Accounts Lattice Hash upgrade, the network could achieve instant verification and only process changed accounts, improving speed and efficiency. The proposed system, if adopted, could significantly enhance the Solana network's performance, which currently leads in DeFi and onchain activity compared to Ethereum. With over $113 billion in trading volume across its DEXs, Solana continues to outperform its main competitors. The proposal's successful implementation could further solidify Solana's position in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news