Solana introduces a new solution! Using 'lattice cryptography' to solve scalability issues, on-chain DEX volume reaches 113 billion Magnesium.

On 1/6, Solana development team proposed a new technical document on GitHub, aiming to use lattice-based homomorphic hashing function to improve scalability. The goal is to enable Solana to support billions of accounts and calculate the hash value of all accounts within practical time and resources, solving the pain point of difficult account state updates.

Account status update 'getting slower and slower'

Solana co-founder Anatoly Yakovenko tweeted in May last year, saying that Solana encountered system load growth and new account verification issues. He pointed out that Solana must ensure that each new account is a completely new account.

"Although this sounds simple, in reality, it requires all nodes to maintain a complete index containing all account information for verification. However, this method is resource-intensive and inefficient, making it less feasible." Yakovenko explained that the current Solana system requires constant recalculation of the state of all accounts. As the number of users increases, this process becomes more complex and time-consuming.

Yakovenko pointed out the issues with Solana in a tweet last May, using 'format hash' to save time and be efficient.

In the latest proposal, the Solana development team has proposed a technical solution called Accounts Lattice Hash, which eliminates the need to recalculate the status of all accounts through real-time verification.

Specifically, the proposal introduces lattice-based homomorphic hashing function technology, which allows the system to only process accounts whose states have changed, without having to perform calculations and verification for all accounts each time.

New technical documents for Solana are out

Cryptocurrency operator Republik Labs uses a simple analogy to explain this technology: "Just like tidying up a room, it is more efficient to only clean up the areas that are really messy, rather than cleaning the entire house every day, saving time and effort."

Republik Labs explains on Twitter that Solana's ecosystem is developing rapidly, with a total on-chain DEXs trading volume reaching 1,130 billion.

Assuming this proposal is successfully implemented, Solana's system efficiency and speed will be greatly improved. This will also give Solana more room to handle the rapidly growing usage of DeFi and on-chain transaction activities.

According to DefiLlama, in the past month, the total trading volume of Solana's decentralized exchanges (DEXs) reached US$113 billion, which is 43% higher than Ethereum's US$78.9 billion. Solana not only has an advantage in trading volume, but also shows that its own ecosystem has grown quite rapidly.

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This article Solana proposes a new solution! Using 'lattice cryptography' to solve scalability issues, on-chain DEX trading volume reaches 113 billion magnesia. It first appeared in Chain News ABMedia.