In a stunning development, the Solana network has increased its block capacity by 20%, raising the limit to 60 million compute units (CU). Helius CEO Mert Mumtaz announced this upgrade, which enables the Solana network to process more transactions per block, aiming to reduce congestion and lower fees. With plans to further expand block capacity to 100 million CUs by year-end, Solana is positioning itself for enhanced scalability and performance.
Solana Block Capacity Surges 20%, More to Follow
In a recent X post, Mert Mumtaz, co-founder and CEO of Helius, announced that the Solana Network has undergone a major technical upgrade. This upgrade increases the Solana block capacity by 20% to 60 million Compute Units (CUs) through the SIMD-0256 proposal.
Notably, Helius is a leading Solana infrastructure provider that empowers developers with easy-to-use tools and services, enabling them to focus on creating scalable and cost-effective applications. The Helius CEO asserts that the Solana block capacity upgrade allows the network to process more transactions per block, reducing congestion and lowering fees.
According to Mert Mumtaz, every transaction on Solana consumes a different amount of Compute Units (CUs) based on its complexity. The block capacity, measured in CUs, determines the total transactions a block can include. He noted,
When a solana block is produced, it has a capacity of how many CUs it can include this capacity used to be 48 million CUs meaning the sum total of all transactions for a given block must be around this number (there are some caveats here but not important for this post)
As per his statement, the Solana block capacity was previously increased from 48 million CUs to 50 million CUs, and now it has been raised to 60 million CUs, representing a 20% boost. This allows the network to accommodate more transactions or more complex ones per block.
Mumtaz added that the goal is to at least double the block capacity going forward, which would lead to lower fees, increased expressiveness for developers, and improved user experience. It is noteworthy that the development comes amid the potential delay in Fidelity’s Solana ETF launch as the SEC urges a rule change.
Multiple Proposals and Future Upgrades
Significantly, the Solana block capacity upgrade was made possible through the SIMD-0256 proposal, championed by validator Andrew Fitzgerald and backed by broad community support. With this upgrade, Solana can now handle more transactions per block, empowering developers to build high-performance apps in DeFi and gaming. The development also guarantees fewer delays and lower transaction fees, solidifying the platform’s position in the blockchain space.
Meanwhile, Solana’s block capacity is slated for another significant upgrade, with plans to increase it to 100 million Compute Units as proposed by Lucas Bruder, CEO of Jito Labs, via the SIMD-0286 proposal on GitHub. Bruder stated,
The original block limits’ primary purpose was to ensure the vast majority of network participants can keep up with the network, by restricting the amount of work a leader is allowed to pack into a block… However, current mainnet traffic is largely not constrained by large block execution times. This proposal aims a substantial increase in block limits to 100M CUs, in order to provide additional capacity to the network.
Despite this development, the Solana price declined a massive 8% over the last 24 hours. Currently priced at $184.58, SOL price has seen surges of 6% and 28% in a week and a month, respectively.
Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
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Source: https://coingape.com/solana-block-capacity-gets-a-speed-boost-with-20-surge/