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Solana Labs reveals upgrade, boosting network capabilities

Gary Flanders by Gary Flanders
2 years ago
Solana Labs reveals upgrade, boosting network capabilities
  • Solana Labs reports 97.4% adoption rate of v1.14 upgrade by stakeholders.
  • The latest upgrade to the Solana network promises an elevated user experience.
  • Solana Labs co-founder compares the platform to Apple in the crypto world.

Solana Labs made a significant announcement on May 31, revealing that an impressive 97.4% of stakeholders had eagerly adopted the v1.14 upgrade of the validator client. The platform also released a detailed blog post outlining the exciting new features and functionality that v1.14 unlocks and providing a comprehensive breakdown of how the upgrade works. This news is a testament to Solana Labs’ commitment to delivering cutting-edge technology and ensuring its users can access the latest and greatest tools available.

The v1.14 upgrade to the @SolanaLabs validator client has been adopted by 97.4% of stake.

Learn more about what v1.14 unlocks and how upgrading works: https://t.co/JEi1U9k4gU

— Solana Status (@SolanaStatus) May 30, 2023

Solana Labs has recently released an article summarizing the latest upgrades to their platform. In light of these developments, the engineers at Solana Labs have recommended that all mainnet-beta validators adopt v1.14 for the Solana Labs validator client by May 21. We are pleased to announce that as of yesterday, the adoption rate has reached an impressive 97.4%. This is a testament to the Solana Labs community’s dedication and commitment towards ensuring the platform’s smooth and efficient functioning.

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Solana Labs has announced the launch of the validator client version 1.14, which promises to elevate the user experience of the Solana network. This latest release boasts a range of impressive enhancements, although it’s worth noting that their availability is subject to the activation of the feature gate. Rest assured, Solana Labs remains committed to delivering top-notch features that will take your Solana experience to the next level.

However, it is important to note that the network’s overall experience is expected to remain largely unchanged until dApps and ecosystem projects begin to harness the full potential of these innovative features.

In addition, the latest version, 1.14, boasts a remarkable feature – the ability to deactivate delinquent stake without requiring permission. This addresses the problem of skipped blocks and the subsequent decline in network performance. The update also introduces the concept of minimum stake delegation, which is subject to validator governance approval. Furthermore, a new RPC has been implemented to retrieve the minimum stake delegation. These enhancements reflect our commitment to maintaining a professional and efficient network.

During a recent interview, Raj Gokal, co-founder of Solana, shared his optimistic outlook on the future of the cryptocurrency industry. Gokal boldly stated that he believes Solana has the potential to become the Apple of the crypto world. This ambitious comparison speaks to Solana’s innovative and forward-thinking nature and highlights the team’s dedication to pushing the boundaries of what is possible in the world of digital assets. As the industry evolves and matures, it will be exciting to see how Solana rises to the challenge and cements its place as a leader in the space.

Solana has the potential to be the Apple of crypto.

Gokal parallels Apple’s unwavering commitment to user experience and performance and their relentless pursuit of perfection in touchscreen latency. This dedication culminated in the revolutionary launch of the iPhone, a testament to their decade-long efforts.

Tags: AltcoinSOLSolanaSolana LabsSolana Upgrade
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Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

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