The post Solana Prepares for Financial Market Integration with ‘Firedancer’ Trial appeared on BitcoinEthereumNews.com.

Solana is advancing Firedancer testing to increase transaction speed and improve network stability. The Solana Foundation uses incentives to encourage validators to adopt Frankendancer on the test network. Solana is working to implement a Firedancer software upgrade to improve the speed and stability of the blockchain that sits at the heart of the network. Core developers plan to get a “super majority” of the hashrate on the test network with Frankendancer, an early version of Firedancer, by the end of the week. This is the biggest test of Firedancer so far, proving how valuable it is for Solana’s architecture. First deployed in 2022 during network stress, Firedancer is expected to scale up the blockchain’s throughput to a million transactions per second.  Frankendancer, which incorporates the features of Firedancer along with the Solana architecture, has not been easily adopted. Initially, the platforms faced many crashes and bugs, but the latter issues have been fixed, which makes the development process reliable. Kollen House, a long-time platform validator, sees the current efforts to promote the project as a step in the right direction for Firedancer.  “The confidence to request 60% adoption on the testnet indicates maturity,” House stated. Currently, 30% of testnet validators are using Frankendancer. The Solana Foundation has encouraged validators to switch to the new client through the delegation program. If validators do not update their systems, they may lose their delegated stakes. Firedancer’s Potential Impact Jump Crypto has created Firedancer, a trading firm that focuses on blockchain technology. Solana’s speed, several times that of current blockchain platforms, defines it as a serious participant in the competition to link the blockchain with the global financial system. This is in light of Solana’s problems in 2022, including the network slowdown and some outage issues. Firedancer is intended to solve these problems while…

---

Filed under: News - @ January 11, 2025 10:21 pm