On April 9, Solana validators overwhelmingly approved a proposal with 98% in favor, aiming to reduce consensus “vote” latency and potentially speed up blockchain transactions.
The proposal introduces a “Timely Vote Credits” mechanism, aiming to change how validators are incentivized to confirm transactions. Currently, validators receive a flat one-vote credit for each consensus vote, leading some to delay votes to maximize earnings without penalty.
The new mechanism, proposed by Solana validator Shinobi Systems, would reward votes with less latency with more credits, discouraging intentional delays. Solana Compass data shows around 1,000 user transactions and nearly 2,000 vote transactions per second.
The impact of the change is yet to be determined, expected to roll out after the v1.18 upgrade, addressing network congestion and priority fee issues. Concurrently, Solana faces transaction failures attributed to a QUIC implementation bug, with a fix scheduled for April 15 pending successful testing.
Also Read: Solana Targets April 15th to Address Transaction Failure Surge
