Solana developers have recently unveiled a revolutionary hashing mechanism that is expected to help the blockchain network overcome the problem of scale as usage numbers increase. The proposal known as SIMD-215 specifies a further lattice-based homomorphic hashing function to improve account check procedures and further develop maintaining billions of accounts in the network.
The current setup with Solana requires that the state of all accounts be recomputed frequently, a situation that is very exhaustive as the number of users continues to increase. Continue reading Anatoly Yakovenko, the co-founder of Solana Labs, mentioned this problem, known as the state growth problem, in a recent tweet on X.
Yakovenko further said that when registering, new accounts need to be checked for uniqueness, which takes a lot of computing power. Currently, the network’s runtime must keep an index of all the accounts, creating a burden of overhead for every node on the network.
Solana’s Accounts Lattice Hash Simplifies Verification Process Efficiently
This would remove this bottleneck through the Accounts Lattice Hash hinted at in SIMD-215 of instant verification. The homomorphic hashing function allows the network to compute only those accounts that have changed instead of recomputing the state of all accounts in the new block. This innovation is expected to take less time to achieve the intended goals, put less load on the computing system, and help maintain the strength of the network.
https://twitter.com/aeyakovenko/status/1789009686831984964
Crypto research firm Republik Labs noted the proposed method as a process where only dirty rooms are cleaned, with everyone ignoring the entire house. By targeting the changed accounts, Solana could greatly optimize its TPS and be even more ready for mass adoption in decentralized finance (DeFi) and the rest of the blockchain space.
If accomplished, SIMD-215 can help consolidate Solana as the number one blockchain for applications that require high functioning. DEX trading volumes at Solana have already outperformed Ethereum. Data from DefiLlama shows that Solana-based DEXs outdid Ethereum-based DEXs in trading volume last month, at $113.2 billion to $78.9 billion.
Other contemporaneous innovations include the adoption of Solana as the new blockchain developers’ home replacing Ethereum’s eight-year monopoly in 2024. In a December 12 report by Electric Capital, Solana is able to garner 7,625 new developer adoptions in 2024, more than Ethereum’s 6,456.
https://twitter.com/RepublikLabs/status/1876477234351091723?ref_src=twsrc%5Etfw
This led to a great increase in developer interest, mainly in the Asia region, and has shifted Solana’s influence to the next level. The network briefly surpassed Ethereum in key metrics twice this year: the first time was on 18 March, following the increased usage of Solana-based meme coins that boosted the network traffic, and the second time was on 28 October, when daily network fees of.sol earned more than those of.eth.
Today, Solana’s growth has also attracted many researchers and institutions. Last month, blocks researcher Max Resnick, who used to work with Ethereum-based Consensys, shared that he moved to Anza, an RnD firm focused on Solana. Nassim Resnick, associated with ConsenSys’ Special Mechanisms Group, also showed interest in the new scaling models, which added more evidence to Solana’s appeal for experts in the field of Web 3.0.
The proposed SIMD-215 hashing system emphasizes Solana’s innovation and scalability. This makes it possible to consider blockchain a long-term leader in the blockchain ecosystem based on the further development of such solutions as SIMD-215 when the blockchain discovers new rates in terms of developers’ Jianpoon, trading volumes, and network activity.
Because of the stress it has demonstrated in dealing with higher usage while simultaneously being the fastest-growing DeFi ecosystem alongside Ethereum, Solana will compete with Ethereum and other blockchains in the subsequent years of 2025 and beyond.
