Odaily Planet Daily reports that Solana plans to activate the Transaction v1 upgrade on Wednesday, increasing the maximum transaction size from 1,232 bytes to 4,096 bytes. After the upgrade, large cryptographic proofs, multisignature operations, and certain privacy transactions can be completed in a single transaction without splitting. Existing v0 and legacy transaction formats will remain compatible, but wallets, browsers, and data services must be updated to recognize the v1 format and new priority fee information. (Coindesk)
Solana to Activate Transaction v1 Upgrade, Tripling Single Transaction Capacity
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Summary
Solana is set to launch a network upgrade on Wednesday, increasing the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. The blockchain upgrade will enable large cryptographic proofs, multisignature operations, and privacy transactions to be processed in a single transaction. Wallets, browsers, and data tools must update to support the new v1 format and priority fee data. Legacy formats will continue to function.
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