Jump Crypto's Firedancer team plots upgrade to reduce transaction time to 100 milliseconds

Jump Crypto's Firedancer team has unveiled SIMD-0370, a groundbreaking upgrade proposal designed to dramatically enhance Solana's blockchain performance by reducing transaction times to just 100 milliseconds. This ambitious initiative targets Solana's current 60 million compute unit cap per block, aiming to eliminate this limitation and significantly boost network throughput.

The proposed upgrade represents a major leap forward for Solana's ecosystem, potentially positioning the blockchain as a leading competitor in the high-speed cryptocurrency transaction space. By removing compute unit restrictions, SIMD-0370 could enable faster DeFi operations, improved smart contract execution, and enhanced user experience across Solana-based applications.

This development comes as blockchain networks increasingly compete on transaction speed and scalability, with Solana already establishing itself as a Bitcoin and Ethereum alternative for high-frequency trading and DeFi protocols. The Firedancer team's optimization could attract more institutional investors and developers to the Solana ecosystem, potentially impacting SOL token price and market adoption.

The upgrade proposal addresses critical infrastructure bottlenecks that have historically limited blockchain scalability, marking a significant milestone in cryptocurrency technology advancement.