Solana validators pass ‘Timely Vote Credits’ plan to speed up transactions

Validators on the Solana network have put forth a proposal to reduce the delay in processing consensus votes. This potential improvement may lead to faster transaction times on the blockchain.

On April 9, a “Prompt Voting Incentives” plan gained approval on the Solana network with an impressive 98% affirmative votes.

Changing the incentives for validators when they cast “votes” – an essential aspect of Solana’s consensus protocol that verifies transactions.

Validators have consistently been granted a single voting credit by Solana Labs when they submit a consensus vote on a finalized network block.

Validators have discovered that they can earn more by slightly postponing their votes to choose the right branch of the blockchain without incurring any costs.

A suggestion put forward by “zantetsu” from the Solana validator Shinobi Systems on March 14 involves introducing adjustable vote credits. The number of credits granted for each vote would vary, with fewer latent votes receiving a larger number of credits.

Delaying a vote on Solana Labs will result in earning fewer credits, making it less attractive to intentionally drag out the process.

At present, Solana Compass indicates around 1,000 regular transactions, also known as non-votes, happening every second on the blockchain, alongside almost 2,000 vote transactions being processed each second.

The effects of the new mechanism are still uncertain since it’s planned for implementation following Solana’s v1.18 upgrade in this month, which is scheduled to address priority fee and network congestion problems on the network.

Simultaneously, Solana has experienced a series of unsuccessful transactions, an issue attributed to a “technical glitch” in QUIC, the Google-designed data transfer method that synchronizes all network nodes with the latest information.

A planned adjustment to resolve a QUIC-related issue in the software, scheduled for implementation on April 15th, assumes no unexpected complications arise during the trial phase.

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2024-04-10 04:13