Until then, there will be pared-down versions of the upgrade on the network

Solana developers have scheduled the release of the Firedancer client validator for 2025

27.05.2024 - 10:15

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3 min

What’s new? The Solana blockchain team plans to release the full version of the Firedancer upgrade in 2025, with pared-down versions being made available until then. The upgrade aims to improve Solana’s overall reliability and scalability, which is needed in the face of increasing network activity related to decentralized infrastructure protocols.

Cointelegraph’s material

What else is known? Solana Foundation senior executive Kuleen Nimkar noted that there are more and more DePIN projects appearing on the network, aimed at solving a wide range of problems. DePINs (decentralized physical infrastructure networks) enable the use of blockchain to manage and operate physical infrastructure systems.

According to Kuleen, the use cases for DePINs in the Solana ecosystem range from protocols in energy solutions to GPU networks and data collection. For example, some projects incentivize users to install browser extensions that collect data from the Web to train large language models. Among the most notable DePIN protocols incentivizing activity on Solana are Helium, Hivemapper, and Render.

For example, in Hivemapper, node operators use dashboard cameras to videotape streets while driving. This data is then used to create maps. Project participants are rewarded for their contributions in the form of the protocol’s native tokens.

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Solana’s high speed and low transaction costs are a boost for DePIN projects, but congestion and network outages continue to pose challenges for developers. On February 9, Solana experienced another outage that resulted in nearly five hours of downtime.

Firedancer, developed in conjunction with Jump Crypto, will implement a new client validator and is expected to solve the numerous outages. The Firedancer testnet was launched back in late October last year.

Earlier this month, Solana ranked first among blockchains in terms of the number of NFTs issued in the last 30 days with 32 million, followed closely by Polygon and Base with 12 and 11 million.

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At the time of writing, the native token of Solana (SOL) ranks fifth in the overall ranking of cryptocurrencies with a capitalization of over $74 billion and is trading at $165,4, having added 1,5% over the day. Over the week, the asset lost 6,9%, while the growth since the beginning of the year amounted to 63%.

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