Interpretation of Solana's New Technology Roadmap: Building an on-chain Wall Street

Solana recently announced a new technical roadmap, with the core goal of establishing an "internet capital market". This concept aims to create a borderless, round-the-clock financial market where various assets such as stocks, bonds, currencies, and real-world assets can be tokenized on-chain and traded seamlessly.

To achieve this grand goal, the Solana technical team proposed the concept of "Application Control Execution ( ACE )". The core of ACE is to allow financial applications to have millisecond-level control over the sorting of their own transactions. This requires improvements and innovations on multiple technical levels.

The roadmap is divided into three stages: short-term, medium-term, and long-term.

Short-term goal ( 1-3 months )

• Optimize order book functionality
• Suppress malicious MEV behavior
• Reduce trading latency

Medium-term goal (3-9 months )

• Reduce latency through dedicated fiber optic networks
• Improve consensus algorithm to shorten transaction finalization time
• Further reduce transaction latency

Long-term goal (9-30 months )

• Transitioning from single leadership consensus to multi-leadership consensus
• Enhance the system's risk resistance and censorship resistance capability
• Give applications greater trading priority

In the short-term goals, the focus is on developing the BAM tool to optimize order book functionality and reduce trading latency through a new TPU client.

The core of the mid-term goal is to develop a new consensus mechanism called Alpenglow. It is expected to reduce the final confirmation time of transactions from the current 12.8 seconds to 150 milliseconds, while alleviating the burden on small nodes through off-chain signatures.

The long-term goal focuses on introducing a multi-leader consensus mechanism to enhance the system's risk resistance and degree of decentralization, preventing malicious actions from a single node.

This technical roadmap showcases the Solana team's commitment to establishing a true "Internet capital market." While it involves many technical details, its core objective is clear - to build an efficient, secure, and decentralized on-chain financial infrastructure. As these technical goals are gradually achieved, we look forward to seeing more traditional financial applications landing in the Solana ecosystem.