What happened?
The Solana network has reached a significant governance milestone, with the Alpenglow upgrade approved with 99% community support. This approval brings forth a complete revamp of Solana’s operational framework, and as a result, transaction processing speeds have been reduced from 12.8 seconds to only 150 milliseconds, making the network almost as fast as the internet.
Who does this affect?
This change primarily impacts Solana users and stakeholders, including traders who are interested in its performance compared to other currencies like Ethereum. The modification could also influence potential investors, as an increase in Solana’s speed might make it more attractive. Token holders of Best Wallet Token ($BEST) are also affected as these updates might drive up demand for SOL, affecting market dynamics.
Why does this matter?
The Alpenglow upgrade significantly affects the crypto market, especially considering Solana’s recent price surge of nearly 8%. Its increased speed and efficiency might attract more users and investors, potentially increasing its market share. Moreover, the impact on related tokens like $BEST and the broader bullish trend in the altcoin market underline the possibility of significant changes in the crypto landscape.