🔗 Jito Labs presented a solution for accelerating the Solana network

The price of $SOL tested the $200 mark for the first time since February. This happened after Jito Labs and Jito Foundation announced a new architecture for creating blocks — Block Assembly Marketplace (BAM).

BAM is designed to speed up transaction processing, reduce MEV risks, and provide programmable control over block space. The launch of BAM is expected in the near future. BAM uses a network of scheduler nodes that operate in a trusted execution environment. They determine the sequence of operations before they reach the validators, which helps avoid premature transactions and ensures fairness. BAM also provides developers with the opportunity to create their own rules for sorting transactions using the plugin system. For example, they may prioritize certain types of transactions or charge access fees.