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Selecting Leaders Nodes in Solana In Solana's consensus protocol, there are two significant time units: Epochs and Slots. Each Slot is approximately 0.4 to 0.8 seconds, equivalent to the time interval of one block. Each Epoch cycle consists of 432,000 Slots, lasting 2 to 4 days. Every 4 Slots (block-producing cycle), Leader nodes undergo a change. At the beginning of each new Epoch cycle, the Solana network selects Leaders based on the staking weights of each node, forming a rotation list of block producers, "designating" the future block producers at different times. In other words, block producers are informed in advance that they will be block producers. Factors considered in Leader selection include:1. 1. Amount of staked tokens: The quantity of staked tokens is a crucial consideration in PoS. Validators typically prefer nodes with larger staked amounts, increasing the chances of a node being selected as a block producer. This also helps ensure that the network is maintained by nodes with sufficient vested interest. 2. Node performance: Node performance is another key factor. High-performance nodes can verify and package transactions more quickly, contributing to maintaining a high throughput network. Validators may choose nodes with better performance to enhance overall network efficiency. The goal of Leaders is to select a suitable set of transactions, ensuring network security, efficiency, and fairness. By comprehensively considering these factors, Solana can make optimal block-producing decisions, driving the network's normal operation.

Top Solana Protocols by TVL Growth in the Last 30 Days 🚀 The Solana ecosystem is seeing impressive growth, with several protocols leading the charge. According to the latest data: 🔹 NX Finance tops the list with an astounding 𝟭𝟭𝟭% growth, reaching $𝟭𝟵.𝟭𝟯𝗠 in TVL. 🔹Lulo follows closely with an 𝟴𝟭.𝟱% increase, totaling $𝟯𝟱𝗠 in TVL. 🔹Jupiter continues its upward trend with a 𝟳𝟯.𝟳% rise, now holding $𝟭.𝟬𝟱𝗕 in TVL. Other notable mentions include: 🔹Maple: 𝟭𝟱.𝟰% growth to $𝟳.𝟲𝗠. 🔹Parcl: 𝟭𝟯.𝟳 increase to $𝟮𝟲.𝟯𝗠. 🔹Solayer Labs: 𝟭𝟬.𝟱% rise to $𝟭𝟳𝟭.𝟯𝟰𝗠. 🔹Kamino: 𝟴.𝟱% growth to $𝟭.𝟰𝟴𝗕. 🔹VNX: 𝟰.𝟲% increase to $𝟳.𝟳𝗠. The continuous rise in TVL (Total Value Locked) highlights the growing trust and adoption within the Solana network. These protocols are not just surviving—they’re thriving. Stay ahead of the curve by keeping an eye on these leading protocols in the Solana ecosystem. The momentum is undeniable! Source: @SolanaDaily #solana

Router Protocol has successfully integrated Solana, enabling cross-chain asset transfers and chain abstraction. Solana is now connected to over 30+ EVM and non-EVM chains via Router Chain. Read more in our full blog post: https://lnkd.in/gZFpqF8P With Router Nitro, users can quickly and efficiently bridge assets to and from Solana Foundation chain. Try it now at https://lnkd.in/gw8FWgNa. This integration allows Solana’s booming DeFi, DePin, NFTs, and RWA to access all chains connected to the Router, bringing in more liquidity and users while enabling seamless, chain-abstracted experiences. Besides, with the help of Router’s CCIF ( Cross-Chain Intent Framework), Solana developers can now build more versatile applications that transcend the limitations of isolated chains, making it easier for users to swap, stake, and interact across multiple ecosystems—all with a single click! PS: We’re proud to share that Oak Security has fully audited the Solana integration, ensuring a smooth and safe experience for users.

Daily active users on Solana have grown by 50% over the past week and have surpassed 2M for the first time since May. Meanwhile, the network continues to handle over 41M transactions per day. It'll be interesting to see how this activity is impacted as the Solana ecosystem continues to evolve, especially in relation to actions and blinks, syscalls, and unbounded verifiable compute through Bonsol. h/t Artemis

Solana gears up for an April 15 update to address transaction failures, caused by a surge in memecoin activity. Helius Labs CEO confirms fixable implementation error, not design flaw, showing confidence in stabilizing the network. https://lnkd.in/e2-NSEP2 #Solana #SOL #memecoin #cryptotale

MAXIMIZING EFFICIENCY: SOLANA INTRODUCES TIMELY VOTE CREDITS TO ACCELERATE TRANSACTION SPEED - Currently, $SOL Validators optimize vote credits by delaying votes to choose winning forks, impacting Solana's transaction processing speed. - Varying validator strategies induce vote lag, resulting in slower block confirmations and finalizations. - The Timely Vote Credits (TVC) feature proposes awarding variable credits to votes, incentivizing quicker voting. - Faster votes receive more credits than slower ones, offering an economic incentive to counterbalance the advantage of waiting to survey forks. - TVC aims to enhance efficiency on the Solana network by encouraging timely decision-making among validators. - Approval and launch of new TVC on mainnet to begin after 8epochs on testnet

In the #Web3 world, #Solana Solana Foundation stands out with their impressive scalability and cost-efficiency✨ Solana's scalability doesn't exist in isolation but thrives on the promise of compounding growth. Their unique ability to harness hardware advancements ensures that Solana's performance doubles every two years without necessitating further upgrades This distinctive property, derived from genuine innovations in software design rather than merely escalating hardware requirements, positions Solana leagues ahead Not stop there, they've got some cool updates that make things faster and cheaper than ever Curious about what's new? 🤔 Check out our latest blog post for all the details on what Solana's been up to in late 2023 here https://lnkd.in/gENZjt9E

"A Sept. 25 report from VanEck predicts that Solana SOL may reach $330 and balloon to 50% of Ethereum'sETH current market capitalization driven primarily by Solana's superior speed and transaction processing metrics.The report cited Solana's throughput, which can process thousands of transactions per second (TPS) and is 3,000% higher than Ethereum's TPS. Solana's daily active user count is 1,300% higher than Ethereum's and transaction fees are nearly 5 million percent cheaper on the Solana network."... Cointelegraph Solana may hit $330 and reach 50% of ETH market cap — VanEck research

Solana DePIN, which includes category leaders Helium, Hivemapper, and Render, has a combined market cap of $4 billion. Solana's focus on performance and network effects and the Solana Foundation's support of DePIN have given it a first-mover advantage with dozens of projects that have built innovative networks. This article details projects in wireless, storage, sensor, compute, service, and other categories of DePIN on Solana. It predicts more sectors, rollups, and convergence with RWAs, ultimately resulting in a parallel infrastructure system. #crypto #web3 #solana https://lnkd.in/g_YZ_YCG

Joining the Solana Foundation ecosystem means integrating into a vast ecosystem of consumer applications priming for mainstream use. Although Ethereum boasts 1,668 decentralized applications (dApps) compared to 477 on Solana, the developer activity on Solana is stronger than ever. And with user-friendly fees and lightning fast transaction fees, the Solana dApps that are available are in a better position for adoption today, whereas Ethereum applications are stuck waiting for Ethereum upgrades to improve usability. “Solana will continue, as shown over the last year, to outpace Ethereum in terms of getting consumer applications and end-user experiences to the level of Web3 in terms of utilizing the chain’s performance to create fast and user-friendly applications.” - Matty Taylor https://lnkd.in/dweCJ34Q