- Solana is one of the blockchain techs, which is taking the consensus game higher by using Proof-of -history.
- Salona was designed so that it can allow hardware optimization.
- It is one of the fastest cryptocurrencies which thousands of transactions per second.
About Solana and its Uniqueness
It is a unique technological improvement that they have over Ethereum.
And it was made to process thousands of transactions per second. It has low transaction fees averaging around some cents per transaction.
The speed of Salona is unique and is a proof-of-stake network with unique innovations to maximize efficiency. Jump Crypto is developing a new open-source Salona core software including a second validator client called fire dance. Which processes 1.2 million transactions per second.
Solana is also extremely energy efficient. As of September 2022, the average transactions take 508 joules. Which has led to the growth of Salona’s large and robust ecosystem.
The developers and users have followers who have used over a thousand programs daily. The quick speed and low fees have made Solana a major NFT hub. As of November 2022, over 22 million NFTs have been minted by 150000 creators using Solana.
Even Meta has announced support for Solana NFTs over social. Salona ecosystem has brought everyone through games, DAO, payments, and many other things. Salona users can link their accounts with their wallets.
A new technical roadmap
The technical roadmap to bring the network into Solona was announced by the Render Network. Along with the partnership with Metaplex.
Solana: developed a killer app
Yakovenko with Scott Melker said, “Stable coin legislation could blow the doors wide in terms of onboarding new users to the sector in the US”, in an interview.
He also stated that he agrees with the unpopular sentiment that stablecoins are the “killer app” which will attract users all over the world, distinctively those residing in the counties whose currencies are collapsing as they have a serious need of accessing the dollar.
Solana announced Breakpoint 2023
The availability of tickets for Solona breakpoint 2023 of the initial speaker listed about general admission was proclaimed by Solana These tickets are available for creators, and artists in the Solona community.
Whereas breakpoint 2022 was a seminal moment for the Solana community and were so enlighted to collaborate with developers and communicate with the Solana community.
And Executive director of Solana Foundation expressed “ that they were extremely excited for the community to come together, were engaged in Amsterdam in a discussion about educating one another to join the force to bring the world for bringing the technology forward of blockchain. It’s time to build the future”.
Solana foundation
It is a non-profit foundation, that strives to support, and help to grow the Solona network and its community. It was founded in 2020 with its headquarters in Zug, Switzerland.
Whereas Solana was launched in late 2017. Anatoly Yakovenko’s draft white paper outlining a novel timekeeping method for distributed systems was called Proof of History. It later collaborated with Greg Fitzgerald, a Qualcomm colleague, in order to create a proof of history blockchain Testnet.
