Solana is intensifying the trials for Firedancer, an eagerly awaited software update, which aims to significantly boost the speed at which transactions on its blockchain are processed.
By the close of this week, the primary developers of Solana aim to have a significant majority, or supermajority, of computational power on the test network with low stakes, execute transactions using Frankendancer – an initial variant of Firedancer. This information was shared in Solana’s technical Discord server.
The call-to-action for Solana’s validators, who operate the network’s computers, represents a significant challenge for Firedancer: its biggest test thus far. This upgrade, which has been under development since 2022 when the chain experienced frequent issues, is anticipated to enhance Solana’s resilience and speed.
Supporters of Firedancer argue that the software, developed by Jump’s cryptocurrency division, will provide Solana with an unmatched advantage in the competition to attract global financial markets onto blockchains. They emphasize its potential speed: capable of handling one million transactions per second, significantly faster than any blockchain-based system currently available.
As of now, Firedancer doesn’t have a set release date. However, Jump Crypto has launched an interim version called Frankendancer, which is a blend of features from Firedancer and Solana’s primary network structure. Prior to this week, only a limited number of validators had adopted Frankendancer, with many expressing concerns about its stability and tendency to malfunction, as reported by CoinDesk.
According to Kollen House, a veteran in Solana’s validator group, maintaining that specific piece of technology has been exceptionally challenging, yet we’ve managed it successfully. He interprets the recent efforts towards wider Frankendancer acceptance as evidence of its growth and development.
If you feel comfortable expressing, “Let’s aim for 60% of the test network to utilize this client,” then we are making progress, stated House.
In simpler terms, decentralized networks such as Solana operate through numerous independent validators. Each of these validators operates a computer equipped with “client” software that links them to the network. This decentralized setup enhances security for blockchains, but it complicates the process of coordinating system updates.
For quite some time, the Solana Foundation, a non-profit entity responsible for maintaining the network, has been partially resolving the coordination challenge using subsidies as a strategy. One method they employ is their “delegation program,” which assists smaller validators (those with limited staked SOL and thus lower earnings from validating the chain) in remaining financially viable. Moreover, they often persuade validators to keep their software current by implying that those who lag behind on updates may have their delegated stake revoked.
On Tuesday, for the first time, the Solana Foundation employed an incentive strategy (carrot-and-stick) to encourage the use of Frankendancer. Validators are advised that they have only a few days remaining to transition their testnet systems to the latest client version; otherwise, they risk losing their delegated stake.
Currently, it appears that they are nearing their destination,” said Jon, an operator of a validator who has been managing Frankendancer for quite some time. “Approximately 30% of validators on the testnet are now utilizing Frankendancer, but they still believe they are falling short of the required majority.
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2025-01-09 02:10