New Solana Consensus Model ‘Alpenglow’ Enters Community Vote
Solana core developers have pushed a sweeping consensus overhaul, “Alpenglow” (SIMD-0326), into the ecosystem’s formal governance track, setting up a validator vote that, if approved, would replace TowerBFT and re-architect finality and validator incentives on mainnet-beta. The proposal’s authors—Quentin Kniep, Kobi Sliwinski, and Roger Wattenhofer—describe Alpenglow as “a major overhaul of Solana’s core consensus protocol,” […]
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The crypto market faced a brutal correction on Monday, with nearly $500 million in liquidations rattling traders across Bitcoin (BTC) and Ethereum (ETH). Related Reading: New Solana Consensus Model ‘Alpenglow’ Enters Community Vote According to CoinGlass data, over 115,000 traders were liquidated as Bitcoin slipped to $115,000 and Ethereum plunged toward the $4,200 danger zone. […]
The most ambitious consensus overhaul foe Solana to date—SIMD-0326, nicknamed “Alpenglow”—has officially moved into the community voting window, a three-epoch process that began at the start of Epoch 840 and will conclude at the end of Epoch 842. The proposal rewrites Solana’s core consensus, replacing Proof-of-History plus TowerBFT with a modern architecture centered on a […]
While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours The Solana proof-of-stake (PoS) blockchain network suffered another outage after a significant amount of transactions flooded the network. Solana’s PoS network has had difficulties in the....
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero. Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs "emergency powers" to access a whale's wallet to avoid liquidation. On Sunday, the crypto lending platform launched a governance vote titled “SLND1 : Mitigate Risk From Whale.” This allows Solend to reduce the risk that the whale’s liquidation poses to the market by letting the lending platform access....
In a remarkable showcase of on-chain governance, a proposal aimed at cutting Solana’s inflation rate by 80%—identified as SIMD-228—has officially failed to meet the vote threshold required for passage. The motion, which generated extraordinary turnout across the Solana ecosystem, was rejected in the final stages of polling when numerous smaller validators voted “No,” tipping the […]