Solana Transactions Get a Massive Boost

Solana's network has undergone an upgrade to its Transaction V1 format, allowing for significantly larger transactions. The new format went live on Tuesday at approximately 01:00 UTC, according to the Solana Foundation.

The maximum amount of data a single transaction can carry is now 4,096 bytes, up from 1,232 bytes. This increase in capacity could help Solana narrow its gap with rival networks like Ethereum, which has no strict size limits on transactions.

While Solana's previous limit forced developers to squeeze operations into small digital packages or split them across multiple transactions, the new format allows for more complex trades and company-wallet approvals. Zero-knowledge proofs, which enable applications to verify information without revealing underlying data, are also supported.

The upgrade's design proposal identified several use cases, including company wallets where multiple people may need to approve a payment, and zero-knowledge proofs.