SolanaJourney
65,116 views
25 Discussing
Hot
Latest
Solana Introduces New System, Aiming to Scale for Billions of Users
Date: January 8, 2025
Category: Altcoin News
The Solana $SOL Foundation has unveiled a groundbreaking proposal aimed at overcoming scalability barriers. Released on January 6, the plan involves implementing a new "lattice-based" hashing system to track user account statuses. This cryptographic method transforms data into secure, unforgeable 64-character codes.
The new hashing system is designed to simplify user tracking while enhancing security against the emerging risks of quantum computing. According to Republic Labs, this system is faster, simpler, and consumes fewer resources, enabling Solana to efficiently handle millions or even billions of user accounts.
Currently, Solana's network requires frequent recalculation of user account statuses, a process that becomes increasingly demanding as user numbers grow, limiting scalability.
Countering Quantum Computing Threats
This proposal emerged shortly after Dean Little, the chief scientist of Zeus Network, announced the availability of quantum-resistant vaults on January 3. These vaults aim to safeguard users from potential quantum computers capable of breaking cryptocurrency encryption.
Little explained that Solana Winternitz Vaults generate new cryptographic keys for every transaction, ensuring one-time-use signatures.
“When you sign a message, you reveal about 50% of your private key, reducing your own security guarantees. That’s why we close and open new vaults for every transaction,” he stated.
By frequently generating new keys, this system makes it more difficult for quantum computers to attack public keys or decipher private keys—tasks impossible for current computers. However, such advanced quantum computing technology is expected to be a decade or more away.
Source: Coinvestasi
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please conduct thorough research before investing.
#SolanaJourney
Date: January 8, 2025
Category: Altcoin News
The Solana $SOL Foundation has unveiled a groundbreaking proposal aimed at overcoming scalability barriers. Released on January 6, the plan involves implementing a new "lattice-based" hashing system to track user account statuses. This cryptographic method transforms data into secure, unforgeable 64-character codes.
The new hashing system is designed to simplify user tracking while enhancing security against the emerging risks of quantum computing. According to Republic Labs, this system is faster, simpler, and consumes fewer resources, enabling Solana to efficiently handle millions or even billions of user accounts.
Currently, Solana's network requires frequent recalculation of user account statuses, a process that becomes increasingly demanding as user numbers grow, limiting scalability.
Countering Quantum Computing Threats
This proposal emerged shortly after Dean Little, the chief scientist of Zeus Network, announced the availability of quantum-resistant vaults on January 3. These vaults aim to safeguard users from potential quantum computers capable of breaking cryptocurrency encryption.
Little explained that Solana Winternitz Vaults generate new cryptographic keys for every transaction, ensuring one-time-use signatures.
“When you sign a message, you reveal about 50% of your private key, reducing your own security guarantees. That’s why we close and open new vaults for every transaction,” he stated.
By frequently generating new keys, this system makes it more difficult for quantum computers to attack public keys or decipher private keys—tasks impossible for current computers. However, such advanced quantum computing technology is expected to be a decade or more away.
Source: Coinvestasi
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please conduct thorough research before investing.
#SolanaJourney
Another Decline in #SolanaJourney !!
If $SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 level. The first major support is near the $188 level.
A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term.
Technical Indicators 👇
Hourly #MACD – The MACD for #SOL/USDT📉 is gaining pace in the bearish zone.
Hourly Hours #RSI (Relative Strength Index) – The RSI for #SOL/USDT
is below the 50 level.
Major Support Levels – $196 and $188.
Major Resistance Levels – $205 and $210.
If $SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 level. The first major support is near the $188 level.
A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term.
Technical Indicators 👇
Hourly #MACD – The MACD for #SOL/USDT📉 is gaining pace in the bearish zone.
Hourly Hours #RSI (Relative Strength Index) – The RSI for #SOL/USDT
is below the 50 level.
Major Support Levels – $196 and $188.
Major Resistance Levels – $205 and $210.
#PhantomAirdrop
#SolanaJourney
don't miss out on the forthcoming phantom airdrop, here's the steps to claim.
1, download the phantom wallet
2, update it.
3 create and register your unique username
then u can invite friends to follow you.
follow me on the phantom wallet with this username @fahim6t9 I will follow everyone that follows me.
let's position ourselves for this massive airdrop. and let succeed together🫡
#SolanaJourney
don't miss out on the forthcoming phantom airdrop, here's the steps to claim.
1, download the phantom wallet
2, update it.
3 create and register your unique username
then u can invite friends to follow you.
follow me on the phantom wallet with this username @fahim6t9 I will follow everyone that follows me.
let's position ourselves for this massive airdrop. and let succeed together🫡