Can Solona Surpass Bitcoin and Ethereum?


Solona web
Nov25

Solana is an open-source blockchain platform that enables developers and organisations all around the world to create decentralised apps (DApps) and markets. It features over 400 projects spanning DeFi, NFTs, Web3, and more that use high-performance blockchain enabling builders. Developers can write on-chain apps in general-purpose programming languages like C or Rust, but those programmes must use Solana-specific protocols.

Features of Solana Programming 

Here are the features of Solana programming;

  • Tower Byzantine Fault Tolerance (BFT) algorithm: The BFT system acts as a safety net for the Solana ecosystem, ensuring that a single node failure does not disrupt the entire system's operation. This approach allows the nodes to keep working despite multiple failures.
  • Sealevel: Solana makes it possible to operate many smart contracts at the same time. Solana becomes a more cost-effective blockchain network as a result of this. "Sealevel" is the technology that allows Solana to run many smart contracts at the same time.
  • Cloudbreak: Solana employs a horizontal scaling strategy, which allows the company to expand its scalability. Cloudbreak is a database that allows you to read and write transaction data. Cloudbreak is also in charge of bridging the gap between hardware and software.
  • Pipeline: The majority of tasks in Solana's ecosystem are separated to facilitate quick transaction processing. Solana distributes the input data throughout the network's various hardware components. Pipelining is a procedure that swiftly checks the information blocks using several devices.
  • Turbine: Solana splits different blockchain nodes into smaller packets with the primary goal of increasing transaction speed. Smaller data packets can be evaluated more quickly, and it also aids Solana in addressing bandwidth difficulties.

Uses of Solana 

Use 1# Useful in Creating Apps

Solana could enable more people to create apps and help creators and users avoid troublesome app stores by combining an app-building platform with its blockchain and native digital currency.

Use 2# Useful in Eliminating Microtransaction 

Making in-app purchases can be a pain because they often demand credit card payments that must exceed a particular monetary amount to be successful. Since Solana transactions are so cheap, they can completely disrupt the game.

SOL, dubbed the "Ethereum Killer" in 2021, has fixed some of the ether's flaws with its ingenious technology. Miners must communicate with one other to figure out how to order the blocks, which makes it harder for Ethereum traders to reach bigger transaction volumes. Solana has devised a cryptographic time-stamping system capable of processing 65,000 transactions per second.

Use 3# Useful in facilitating the transfer of Terra stablecoins

Terra's tokens will be the Solana network's first stablecoins. The company is hoping to greatly increase the design space for developers by adding stablecoins to their network, allowing for unique applications that require price-stable payments.


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