Anatoly Yakovenko, the founder of Solana network, addressed certain misunderstandings regarding Solana’s Stake Weighted Quality of Service (SWQoS) on X.
Approaches That Could Boost the Likelihood of Transaction Inclusion on Solana
On Friday, Austin Federa, the Head of Communications at Solana Foundation, outlined a few tips on how to increase the chances of succeeding in transaction inclusion on the Solana network. Moreover, he mentioned priority fees, local fee markets, and SWQoS, all of which are used to improve the quality of service provided.
The Priority fee feature will be similar to the gas fees adjustment on other networks. Not only that, the priority of the transaction would be to solve the problems when the number of transactions exceeds the capacity of the network to prevent the system to run smoothly. However, Local fee market is for situations when several users try to use the same resources and, therefore, it is the way of handling state contention.
“To proceed, we will explain our SWQoS model that will fulfill the role of a Sybil/spam discrimination engine, with a global protection against any spam activities”, Federa said. This power plant can do its job independently and/or with any of the other two methods. The service is one of the reasons behind the network’s decision to introduce the SWQoS since the network has been experiencing frequent congestion due to the collision of transactions.
One of SWQoS major expected outcomes is the enhancement of SOL utility, the native token of the Solana network. The token has recently lost 30% of its value, trading at $125. However, It was trading at $205 just a few weeks back. With this pace, there is even a possibility to cross it over and touch the next substantial support level of $125.
SOL’s SWQoS touted as a top solution by Yakovenko
It must be noted that the minimum stake requirement for Solana SWoS is only for Decentralized Applications (DApps). Yakovenko added that it was not the case at all as it was to cover the minimum non-delinquent validator stake, not the total stake.
The above means that all the validators have exceeded the minimum amount required to be staked. “Traditionally, solana isn’t solving your problems, but just getting out of your way while you solve them by yourself.” The best solution could be a mempool, locking Tremp and Boden tokens in exchange for guaranteed connections, or maybe it’s a simple usdc => connection vending machine, said Solana co-founder Yakovenko.
There is a bit of confusion about swqos in general. The min stake requirement isn’t there for dapps, it’s to cover the minimum non delinquent validator stake. So basically 100% of the validators are above the min.
In classic solana fashion, its purpose isn’t to solve your…
— toly 🇺🇸 (@aeyakovenko) April 13, 2024
An endeavor to explore other ideas without adding SWQoS would require that each validator to install their software and assign their capacity to it. On the opposite hand, the incorporation of Solana SWQoS into the system would necessitate a small portion of the staked validators to install the software.
This usually improves the performance and the security is upgraded as the validation process is no longer impeded by high barriers. These dialogues are some of the strategies towards the restoration of Solana to its status with the massive ecosystem expansion.
