Solana Founder Shares Take On SWQoS Model Confusion

Godfrey Benjamin
April 13, 2024 Updated April 17, 2024
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Solana Outperforms Other Altcoins On 'Alpenglow' Consensus Upgrade

Highlights

  • Solana co-founder has shared insight on SWQoS Model
  • This model borders on validator stake requirements
  • Efforts remains underway to make

Solana founder Anatoly Yakovenko took to X to clarify certain misconceptions about Solana’s Stake Weighted Quality of Service (SWQoS).

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Strategies To Boost Transaction Inclusion Likelihood on Solana

On Friday, Austin Federa, Head of Strategy at Solana Foundation, listed a few ways to improve transaction inclusion likelihood on the Solana network. He talked about the use of priority fees, local fee markets, and SWQoS. 

The priority fees function will be like making adjustments to gas fees on other networks. Its focus would include prioritizing transactions when computing or inclusion becomes a bottleneck to facilitate smooth operation throughout. The local fee market is for when several users contend for the same resources, hence, it tackles the challenge of state contention.

Next is SWQoS which will serve as a Sybil/spam discrimination engine, providing global protection against spam activities. This engine is capable of working alone or with any of the other two methods.

Notably, the SWQoS is a utility that the network has been thinking of implementing since the occurrence of the frequent Solana network congestion

SWQoS is expected to boost Solana’s native token SOL utility. The token has seen a significant price drop to $142 in recent weeks after hitting up to $205 earlier. At this rate, there are speculations that it could plunge further to test the next significant support level of $130. 

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Solana SWQoS Touted as Ideal by Yakovenko

There is certain confusion that the minimum stake requirement for Solana SWQoS is for Decentralized Applications (DApps). Yakovenko pointed out that this was not the case as it is actually to cover the minimum non-delinquent validator stake. This means that all the validators have gone beyond the minimum stake they are meant to hold. 

“In classic solana fashion, its purpose isn’t to solve your problem, it’s just to get out of the way of you solving your problems. Maybe the best solution is a mempool, maybe it’s locking Tremp or Boden tokens in exchange for guaranteed connections, maybe it’s a simple usdc => connection vending machine,” Solana co-founder Yakovenko stated.

An attempt to try out other ideas without including SWQoS would require that all validators install their software and allocate capacity to it. On the other hand, an inclusion of the Solana SWQoS would only need a percentage of the staked validators to install their software.

This generally enhances efficiency and with a lowered barrier to validation, Solana can become more secure. These conversations are part of the strategies to help Solana restore its glory amid its massive ecosystem expansion.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.