Solana (SOL) blockchain-based restacking protocol Solayer has proposed a new solution for scaling blockchain infrastructure, dubbed InfiniSVM. The new architecture will reportedly enable parallel transaction processing with hardware acceleration, promising to achieve transaction confirmation times of 1 millisecond.
According to a new Medium post by the Solayer team on March 22, InfiniSVM will utilize ASIC processors that are optimized to run the operations of the Solana virtual machine (SVM). A load balancing system will be employed between compute clusters with 100 Gbps bandwidth, and the architecture will also use the “proof of assigned stake” consensus mechanism.
The latter reportedly combines the advantages of proof-of-stake (PoS) with dynamic assignment of validators, which further enables increased network throughput without sacrificing decentralization, the post states.
Together, all of this should add up to an unprecedented transaction speed of about 1 millisecond, a dramatic reduction from Solana's core network where validation times are around 400 milliseconds, according to Solayer. If the implementation of this project achieves all of its stated goals, it could have a huge impact on the argument of centralized finance like Visa (NYSE:V) and its ability to process about 24,000 transactions per second.
An additional benefit is the integration of InfiniSVM with Solayer and other decentralized finance (DeFi) protocols, which gives a huge room for improvement for other Layer 2 solutions and the DeFi ecosystem, the post adds.
“We can expect to see not only an evolution but the second revolution in DeFi efficiency after the Sei achievements,” the Solayer team wrote. “As a possible consequence, it can run a new round of rapid adaptation of decentralized applications (DApps). Be aware and stay tuned.”
Related: Solana Mobile Stack launches Saga smartphone with built-in Web3 functions
Solana has been making waves in the crypto space with its rapid transaction speeds and low fees. However, the network has also faced some challenges, including several宕机s in 2022. Despite these setbacks, Solana remains one of the most popular Layer 1 blockchains.
In other recent Solana news, Solana Mobile Stack announced the launch of the Saga smartphone on March 15. The device is reportedly equipped with built-in Web3 functions and will be available for pre-order for $1,000.
