A MEV powered staking pool on Solana,  what does that mean? Lets dive in...

MEV (maximum extracted value) rewards come from using arbitrage possibilities across the chain.
Validators control the network and they can adjust the order of transaction. A Solana validator is able to use a % of their transaction power to push their own transactions, with this space your able to fill the arbitrage options in the network.
So for example someone wants to Buy token A with token B and is using Pool A, you see that in Pool B you can get a better price, You quickly swap those tokens in pool B and then extract and deposit them in Pool A, so you can fill the buy order, all in a few milliseconds. (so this is automated with bots)

On ETH this is a proven concept, with some MEV enabled validators doing 30% better then others in a epoch.
However Solana works at a different speed so it will be a slightly tougher game but could be lucrative. So far its not doing anything near that, but with more adoption more arbitrage opportunity come and they can do more trades.

Jito Staked SOL (JITOSOL) is a cryptocurrency and operates on the Solana platform

Jito Staked SOL

A MEV powered staking pool on Solana,  what does that mean? Lets dive in...

MEV (maximum extracted value) rewards come from using arbitrage possibilities across the chain. 
Validators control the network and they can adjust the order of transaction. A Solana validator is able to use a % of their transaction power to push their own transactions, with this space your able to fill the arbitrage options in the network. 
So for example someone wants to Buy token A with token B and is using Pool A, you see that in Pool B you can get a better price, You quickly swap those tokens in pool B and then extract and deposit them in Pool A, so you can fill the buy order, all in a few milliseconds. (so this is automated with bots)

On ETH this is a proven concept, with some MEV enabled validators doing 30% better then others in a epoch. 
However Solana works at a different speed so it will be a slightly tougher game but could be lucrative. So far its not doing anything near that, but with more adoption more arbitrage opportunity come and they can do more trades.

Solana Review: A Fast and Scalable Blockchain Platform

Solana is a high-performance blockchain platform that has gained significant traction in recent years. It promises fast transaction speeds, low fees, and scalability, making it attractive for developers and users alike. Here's a comprehensive review of Solana, covering its key features, advantages, and potential downsides.

Key Features:

Proof of History (PoH):** This innovative consensus mechanism allows Solana to achieve fast transaction speeds and high throughput. Unlike Proof of Work (PoW) used by Bitcoin, PoH relies on cryptographic verification of the passage of time, eliminating the need for energy-intensive mining.
Horizontal Scaling:** Solana utilizes a unique architecture that allows for horizontal scaling. This means that the network can add more nodes to handle increased demand, unlike traditional blockchains that face limitations in scaling.
Smart Contracts:** Solana supports smart contracts, enabling developers to build decentralized applications (dApps) on the platform. This opens up a wide range of possibilities for use cases in various industries.
Low Fees:** Due to its efficient design, Solana boasts significantly lower transaction fees compared to other popular blockchains like Ethereum.

Advantages:

Fast Transaction Speeds:** Solana can process thousands of transactions per second (TPS), making it one of the fastest blockchains available. This is ideal for applications requiring real-time transactions and high throughput.
Scalability:** Solana's horizontal scaling architecture allows it to handle increased demand without compromising performance. This is crucial for the long-term sustainability and adoption of the platform.
Cost-Effective:** Low transaction fees make Solana attractive for developers and users alike, particularly for frequent transactions.
Active Development Community:** Solana has a vibrant and active development community that is constantly working on improving the platform. This ongoing development contributes to its continued growth and innovation.

Potential Downsides:

Centralization Concerns:** Solana's reliance on a smaller number of validator nodes compared to other blockchains raises concerns about potential centralization. However, the development team actively addresses these concerns and strives to decentralize the network further.
Network Outages:** Solana has experienced network outages in the past, raising questions about its stability and reliability. While efforts are being made to improve uptime, these incidents can impact user confidence.
Competitive Landscape:** The blockchain space is highly competitive, with numerous platforms vying for adoption. Solana faces stiff competition from established players like Ethereum and other emerging projects.

Overall, Solana is a promising blockchain platform with significant potential. Its fast transaction speeds, scalability, and low fees make it attractive for developers and users alike. However, it's important to acknowledge potential downsides like centralization concerns and network outages. As the platform continues to evolve and address its challenges, it has the potential to revolutionize the blockchain landscape.

Here are some additional factors to consider when evaluating Solana:

Specific use case:** Are you looking for a fast and scalable blockchain for specific applications like DeFi or NFTs?
Risk tolerance:** How comfortable are you with the potential risks associated with a relatively young and evolving platform like Solana?
Long-term vision:** Do you believe in the long-term potential of Solana and its ability to succeed in a highly competitive market?

## Solana Review: A Fast and Scalable Blockchain Platform

Solana is a high-performance blockchain platform that has gained significant traction in recent years. It promises fast transaction speeds, low fees, and scalability, making it attractive for developers and users alike. Here's a comprehensive review of Solana, covering its key features, advantages, and potential downsides.

**Key Features:**

* **Proof of History (PoH):** This innovative consensus mechanism allows Solana to achieve fast transaction speeds and high throughput. Unlike Proof of Work (PoW) used by Bitcoin, PoH relies on cryptographic verification of the passage of time, eliminating the need for energy-intensive mining.
* **Horizontal Scaling:** Solana utilizes a unique architecture that allows for horizontal scaling. This means that the network can add more nodes to handle increased demand, unlike traditional blockchains that face limitations in scaling.
* **Smart Contracts:** Solana supports smart contracts, enabling developers to build decentralized applications (dApps) on the platform. This opens up a wide range of possibilities for use cases in various industries.
* **Low Fees:** Due to its efficient design, Solana boasts significantly lower transaction fees compared to other popular blockchains like Ethereum.

**Advantages:**

* **Fast Transaction Speeds:** Solana can process thousands of transactions per second (TPS), making it one of the fastest blockchains available. This is ideal for applications requiring real-time transactions and high throughput.
* **Scalability:** Solana's horizontal scaling architecture allows it to handle increased demand without compromising performance. This is crucial for the long-term sustainability and adoption of the platform.
* **Cost-Effective:** Low transaction fees make Solana attractive for developers and users alike, particularly for frequent transactions.
* **Active Development Community:** Solana has a vibrant and active development community that is constantly working on improving the platform. This ongoing development contributes to its continued growth and innovation.

**Potential Downsides:**

* **Centralization Concerns:** Solana's reliance on a smaller number of validator nodes compared to other blockchains raises concerns about potential centralization. However, the development team actively addresses these concerns and strives to decentralize the network further.
* **Network Outages:** Solana has experienced network outages in the past, raising questions about its stability and reliability. While efforts are being made to improve uptime, these incidents can impact user confidence.
* **Competitive Landscape:** The blockchain space is highly competitive, with numerous platforms vying for adoption. Solana faces stiff competition from established players like Ethereum and other emerging projects.

**Overall, Solana is a promising blockchain platform with significant potential. Its fast transaction speeds, scalability, and low fees make it attractive for developers and users alike. However, it's important to acknowledge potential downsides like centralization concerns and network outages. As the platform continues to evolve and address its challenges, it has the potential to revolutionize the blockchain landscape.**

Here are some additional factors to consider when evaluating Solana:

* **Specific use case:** Are you looking for a fast and scalable blockchain for specific applications like DeFi or NFTs?
* **Risk tolerance:** How comfortable are you with the potential risks associated with a relatively young and evolving platform like Solana?
* **Long-term vision:** Do you believe in the long-term potential of Solana and its ability to succeed in a highly competitive market?

David olufemi

Full disclosure: I began staking my SOL on Jito.network because, of all people, a YouTube crypto influencer (I forget who) said there's a point system and leaderboard based on the amount of SOL you stake and for how long you hold the JITOSOL token you get in exchange.

I started in early November and thank goodness I did it when I did it because on November 27th, they announced a retroactive airdrop based on their point system, which is now closed (snapshot taken November 27--too late to stake and claim now).

Those who staked before Nov 27, 2023 will get an allocation of the new JTO token. With PYTH already dropped, and Jupiter also having announced a retroactive token distribution, Solana airdrop season continues!

Bless the YouTube crypto influencers! (Sometimes, lol)

Full disclosure: I began staking my SOL on **Jito.network** because, of all people, a YouTube crypto influencer (I forget who) said there's a point system and leaderboard based on the amount of SOL you stake and for how long you hold the JITOSOL token you get in exchange. 

I started in early November and thank goodness I did it when I did it because on November 27th, they [announced a retroactive airdrop](https://x.com/jito_sol/status/1729172532971065626?s=20) based on their point system, which is now closed (snapshot taken November 27--too late to stake and claim now). 

Those who staked before Nov 27, 2023 will get an allocation of the new **JTO** token. With [**PYTH**](https://cyrator.com/project/pyth-network-pyth) already dropped, and [**Jupiter**](https://jup.ag) also having announced a retroactive token distribution, Solana airdrop season continues!

Bless the YouTube crypto influencers! (Sometimes, lol)

brownalytics.eth

Jito Sol is the Liquid Staking protocol on Solana which is likely to have a airdrop soon (as of Nov 20, 2023). Either way, the Solana ecosystem is growing fast, and LIDO-like technology is a great innovation on the Ethereum network, and will be the same on Solana. So, I would recommend to get familiar with such DeFi technology.

[Jito Sol](https://www.jito.network/) is the Liquid Staking protocol on [Solana](https://solscan.io/) which is likely to have a airdrop soon (as of Nov 20, 2023). Either way, the Solana ecosystem is growing fast, and LIDO-like technology is a great innovation on the Ethereum network, and will be the same on Solana. So, I would recommend to get familiar with such DeFi technology.

Jito Staked SOL

More Reviews of Jito Staked SOL