News analysis
Solana activates Alpenglow on mainnet as CryptoSlate ties faster finality to settlement netting
· By MyCryptoSignal Editorial · 323 words
CryptoSlate reports that Solana switched on Alpenglow at mainnet slot 459,653,000 on Oct. 21, replacing TowerBFT with a consensus design that aims for roughly 150 milliseconds to finality. The same report notes that at the National Securities Clearing Corporation, multilateral netting reduces the value of equities payment obligations.
According to CryptoSlate, Alpenglow replaces Solana's TowerBFT consensus with a design that targets about 150 milliseconds to finality. Under the new protocol, the source says, confirmed and finalized become the same state, so a block that reaches confirmation is treated as settled rather than waiting on a second stage.
CryptoSlate pairs that change with a second point about the National Securities Clearing Corporation, where multilateral netting cuts the value of equities payment obligations by an average amount. The summary does not complete that figure. The two items are presented together: one describes how fast a chain can finalise, the other how much cash actually has to move once obligations are netted.
As of 13:16 UTC, Solana traded at $104.27, down 2.99% over 24 hours, per our collected data. The token was 2.10% higher across seven days and 11.09% lower across 30 days. Its 24-hour range ran from $103.55 to $109.08. RSI(14) read 36.6 with a down trend, and price sat just above support at $104.26, with resistance at $104.65.
The broader market leaned lower. Total crypto market capitalisation stood at $2.58 trillion, down 2.41% over the same 24 hours, and Bitcoin dominance was 63.5%. Bitcoin traded at $81,627, down 2.52% on the day.
Solana's finality target and the NSCC netting point both concern how quickly obligations settle and how much cash has to change hands once they are netted. SOL's 30-day change of -11.09% and RSI of 36.6 sit alongside a 7-day gain of 2.10%, so the token is mixed across timeframes while the wider market cap slipped 2.41% and Bitcoin dominance held at 63.5%.
Read the full story at CryptoSlate: https://cryptoslate.com/solana-targets-faster-finality-while-wall-street-cuts-the-cash-that-must-move
Data, not advice.
Source: CryptoSlate — see our editorial policy.