Solana Plans to Activate Transaction v1 on Wednesday, Tripling Single-Transaction Capacity

Odaily Planet Daily News: Solana plans to activate the Transaction v1 upgrade on Wednesday, increasing the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. After the upgrade, large cryptographic proofs, multi-signature operations, and certain privacy transactions can be completed within a single transaction without requiring splitting. Existing v0 and legacy transaction formats will remain compatible, but wallets, explorers, and data services will need to update to recognize the v1 format and the new priority fee information. (Coindesk)