Solana (SOL), has faced many problems, as mentioned in 2022. The altcoin network was known for its outages. This frustrated the cryptocurrency investor who saw a need to repair a blockchain and a network with a certain degree of centralization.

These were not the only problems. SOL, like other altcoins, experienced market corrections. However, there was an aggravating factor: the FTX. The former CEO of the failed crypto exchange, Sam Bankman-Fried (SBF), being a big advocate of the altcoin, purchased a lot of it, and this resulted in Solana’s association with one of the biggest scandals in the blockchain industry.

The altcoin is now in 2023, and things look good. The SOL token has had a remarkable 63% increase in the first 11 days. No doubt the altcoin meme Bonk (BONK), launched on Solana’s network, contributed to this.

Altcoin memes can’t sustain a project that wants to be a leader in decentralized finance (DeFi), and non-fungible tokens(NFTs). This article will focus on Anatoly Yakovenko’s vision of crypto 2023.

Solana’s network

Of course, Solana’s most critical problem cannot be left out of our discussion. Some of the chaos that was seen on the altcoin blockchain came from novelties, others from the network’s superb usability. Investor confidence was shaken regardless of the reason. Yakovenko claims that many of these problems have been solved.

Stake-weighted QoS is one factor that could help improve the network landscape. This mode is already active on mainnet-beta, and the co-founder of the “Ethereum killer” has stated that it will prevent unstaked nodes or low-stake nodes from spamming everyone else. 

Jump’s new validator, Firedancer, is what really catches our attention. Firedancer is the second validator client which allows people to run validators using either one of two software packages.

Why is this important? Solana is the only altcoin in smart contract world that has more than one validator, other than Ethereum.

Solana users would not have any problems with a non-functional network if one of the clients was affected by a bug. However, the other client would continue to work flawlessly. That is what is expected for altcoin’s future.

Regarding SOL’s network, Yakovenko is also excited about the programming function in the crypto blockchain. Token-22, a new standard for tokens, is one of the highlights highlighted by the entrepreneur.

Its functionality will focus on the development of new apps. One example is the collection and payment of royalties for transfers.

However, this does not mean there will be no further improvements in programmability. Yakovenko entrusted that responsibility to the smart contract platform’s developers. He expects that, by 2024, it will be much easier to program and audit Solana’s blockchain.

These developments are crucial to regaining trust in Ethereum’s competitor. Solana could be able to regain its spot in the top 10, thanks to a stable, easy-to-develop network.

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