Solana's New Consensus Model: Solana is set to replace its current consensus model, Proof-of-History and TowerBFT, with a new system called Alpenglow, aimed at enhancing speed, security, and efficiency.
Performance Improvements: The upgrade promises to reduce transaction confirmation times from approximately 12.8 seconds to as little as 100 milliseconds, significantly improving user experience.
Governance Process: The governance review for the Alpenglow upgrade includes community discussions, stake verification, and a voting phase requiring two-thirds support to proceed.
Market Positioning: Despite a recent decline in SOL token price, Solana has achieved record daily transactions and continues to outperform Ethereum in decentralized exchange activity, indicating strong market presence.
