Solana Announces New Roadmap Focused on Building On-Chain Financial Markets

Solana recently announced a new technology roadmap, marking a significant shift in its strategic focus. Previously, Solana aimed to build a high-performance blockchain, but now it has set its sights on establishing an "internet capital market." This vision aims to create a borderless, around-the-clock financial market, allowing various assets such as stocks, bonds, currencies, and physical assets to be tokenized and traded seamlessly on-chain.

To achieve this grand goal, the Solana technology team has developed a detailed roadmap. This roadmap was developed in collaboration with Solana Labs and several other key development groups, including Anza, Jito, Multicoin, DoubleZero, and Drift. These teams constitute the core force of Solana's technological reform.

The roadmap revolves around the core concept of "application control execution (ACE)". ACE means that financial applications need millisecond-level control over the ordering of their transactions. To this end, the Solana technology team has set short-term, medium-term, and long-term objectives.

Short-term goals ( 1-3 months ) mainly include:

• Optimize the order book system
• Suppress malicious MEV behavior
• Reduce transaction latency

Mid-term goal (3-9 months ) includes:

• Reduce network latency through dedicated fiber optic networks
• Improve the Solana consensus algorithm to significantly shorten transaction final confirmation time.
• Further reduce transaction latency

The long-term goal ( is: 19-30 months ).

• Change the Solana consensus mechanism from a single leader model to a multi-leader model.
• Enhance the system's risk resistance and censorship resistance capabilities.
• Grant applications greater autonomy in transaction ordering

In the short-term goals, Jito and Anza are responsible for developing a new trading construction tool called BAM, aimed at achieving a smoother order book system. At the same time, Jito will continue to focus on suppressing MEV. Anza is responsible for developing a new TPU client to reduce transaction latency.

In terms of medium-term goals, DoubleZero plans to enhance the bandwidth of verification nodes by building dedicated optical fiber networks. More importantly, Anza will lead the development of a new consensus mechanism called Alpenglow. This mechanism is expected to reduce the final confirmation time to 150 milliseconds while optimizing the voting process through off-chain signatures and other methods.

The long-term goal focuses on the realization of a multi-leader consensus mechanism. This mechanism aims to prevent possible malicious actions by a single leader, such as transaction censorship or improper ordering, thereby providing greater autonomy for financial applications.

Overall, Solana's technical roadmap demonstrates its determination to create a truly Internet financial market. From improving block sorting to optimizing the consensus mechanism, and introducing a multi-leader model, each step serves to achieve this grand vision. Despite the challenges, the roadmap set forth by the Solana team is undoubtedly forward-looking and feasible. We look forward to seeing traditional financial applications implemented in the Solana ecosystem and witnessing the deep application of blockchain technology in the financial sector.