Author: Brayden Lindrea, CoinTelegraph; Translator: Baishui, Golden Finance
Anza, the Solana blockchain infrastructure company spun off from Solana Labs, has proposed a new proof-of-stake (PoS) consensus mechanism called Alpenglow, claiming that it will be "the biggest change to the Solana core protocol" and will compete with existing Internet infrastructure.
"We believe that the launch of Alpenglow will be a turning point for Solana. Alpenglow is not only a new consensus protocol, but also the biggest change to the Solana core protocol to date," said Quentin Kniep, Kobi Sliwinski and Roger Wattenhofer of Anza on May 19.
Alpenglow consists of Votor (which handles voting transactions and block finalization logic) and Rotor (a data dissemination protocol). Votor will replace Solana's historical proof timestamp system and aims to shorten the time it takes for all nodes to reach a consensus on the state of the network.
Anza researchers claim that “Alpenglow will break both of these latency boundaries,” and the project expects its actual finality to be achieved within about 150 milliseconds, comparable to Internet infrastructure.
“A median latency of 150 [milliseconds] doesn’t just mean Solana is fast, it means Solana is comparable to Web2 infrastructure in terms of responsiveness, which has the potential to make blockchain technology suitable for entirely new classes of applications that require real-time performance.”
Votor (which will replace TowerBFT) aims to finalize a block in one round if 80% of the stake participates, or in two rounds if only 60% of the stake responds.
The two voting modes are integrated with each other and run simultaneously, with finalization occurring immediately once the faster of the two paths terminates.
Anza researchers claim this mode will result in “unprecedented finalization latency” while enabling it to operate more efficiently in “poor network conditions.”
The project’s whitepaper states that switching to Alpenglow won’t fully protect Solana from the network outages it has experienced in the past.
Solana currently has only one production-ready client, Agave, which means any security vulnerabilities in Agave could potentially take down the entire Solana network.
However, a new independent validator client called Firedancer will go live on Solana’s mainnet sometime this year, which will provide the network with a diverse set of clients.
Dubbing himself as a "crypto president" and criticising Democratic efforts to regulate the industry, Donald Trump vowed to reverse the anti-crypto stance of President Joe Biden and SEC Chair Gary Gensler upon re-election. But is it all just talk?
CatherineWithin 24 hours, multiple OKX users reported on social media that their assets were stolen by hackers. The company has stated it is conducting a thorough investigation and will take responsibility if the issue is found to be a platform vulnerability.
AlexCardano's nearing its crucial Voltaire phase, emphasising self-governance and decentralisation through the Chang hard fork. Despite ADA's lackluster price performance in 2024, ongoing development efforts and a focus on real-world solutions suggest a promising future for the project.
WeatherlyThe renowned financial website Forbes recently published an article titled "‘A Very Big Opportunity’—Cryptocurrencies Suddenly Prepared for a Huge Chinese 'Earthquake' Following Bitcoin, Ethereum, and Ripple Price Surge." Cryptocurrency investor Brock Pierce stated that it is only a matter of time before China reopens its digital door to cryptocurrencies after the crackdown in 2021 that led to a significant drop in Bitcoin prices.
MiyukiWhich publicly listed companies hold the largest Bitcoin reserves in the world?
WeiliangThe decentralized social platform Friend.tech's token FRIEND has been continuously falling since its launch in May this year. In the past month alone, it has plummeted more than 56%. This has resulted in substantial losses for the well-known artist Machi Big Brother Huang Licheng, who repeatedly bought in, anticipating FRIEND to reach $10. Currently, his FRIEND holdings have an unrealized loss of $7.7 million.
AlexDeFi researcher Chris Powers explores the new trend of "modular lending" in the lending sector, illustrating its potential in addressing market challenges and providing better services. This article, based on an article by Chris Powers, is compiled, translated, and written by BlockBeats.
MiyukiAnimoca Brands Chairman Yat Siu mentioned in an interview yesterday (7th) that Ethereum spot ETF issuers in Hong Kong are currently working to incorporate staking features into the Ethereum spot ETFs. The approval chance is expected to be very high. Can this change the sluggish state of Hong Kong's ETF market?
WeiliangA crypto veteran recently fell victim to a scam, losing over 40 million MANEKI tokens (over SGD500K). Sharing the thievery process, he lamented his lapse in judgment but thanked the community for the support.
KikyoSouth Korea's tightening regulations on NFTs and ongoing debates over crypto taxes reflect its cautious approach to nurturing the crypto industry while mitigating risks. However, its lag in spot crypto ETFs may hinder growth, though signs of progress, like the FSC's initiatives, offer hope for navigating this complex landscape.
Anais