Can we potentially be gearing up for a Solana winter (in a good way)? I wouldn't be surprised (NFA, but I'm filling my bags).
Here is a round-up of some of the innovation and partnerships that have been happening just over the last couple of weeks (date of writing: 25 Aug 2023).
Its been a while since i have written a review, but thought this was a interesting fact that I needed to share.
Solana now supports Solidity, a powerful smart contract language, used by developers.
Many developers don't like to learn new programming language so they normally stay within the area they know, do their job and move on to the next project. This support allows developers from for... More
Solana had it's ups and downs. But they had been building during bear market.
They are working with Jump Crypto team to build "Firedancer", a new validator client. Which is targeted to launch Q4 2023. It will improve scalability, reliability and speed. Also the cost per transaction will improve even further. They tested 1M tps using 4 cores. Which is quite incredible. They are also looking... More
Solana’s epic announcements are making waves and reinforcing my confidence in it as a solid investment. Two standout recent announcements deserve special mention. First, Solana’s partnership with Visa has stirred immense excitement within the Solana community. Visa’s decision to embrace the Solana blockchain for USDC settlement payments is a resounding endorsement of Solana’s capabilities. It... More
If i would have to pick a blockchain in the top 10 that is ready for adoption, then its Solana. I am bias as I am very active on this chain, which runs very smooth and fast and at a fraction of the cost of their competitors. Many great dApps in development that will open up a world of possibilities.
The worst thing that is being said about Solana are the outages, these happen because they are... More
Loveee !!
While I may be a bit bias because Phantom (Sol's wallet) is home to some of my favorite NFTs, it's hard to deny the significance of Solana in the web3 ecosystem. From its humble beginnings to becoming one of the most talked-about blockchains, Solana's growth is undeniable and has rightfully earned its place in the spotlight.
Solana's current price stands at $20.20, with an all-time... More
Solana , (SOL) a cryptocurrency that's gained a lot of attention over the last couple years . The way they've managed to achieve high speed and scalability through their Proof of History concept is quite impressive. Transactions are processed really quickly, in fact, SOL can process upwards of 50,000 transactions per second.(See the chart below)
SOL has attracted a range of projects,... More
Solana offers a decentralized blockchain solution, providing a scalable, fast, and cost-effective platform. This platform can be utilized for NFTs, Apps, DeFi, Gaming, Smart contracts, and Payments.
Pros:
I remember when SOL emerged as one of the 'Ethereum killers'. They employ a delegated proof-of-stake and proof-of-history mechanism. The proof-of-history aspect is particularly intriguing, as it appears to address two out of the three aspects of the blockchain trilemma: speed and scalability. However, the 3rd trilemma security, seems to be a persistent challenge for Solana. Their impressive speed... More
Let me start by saying that I personally hold SOL in my wallet, so I am slightly biased. But you are here to read why I am.
Solana is a high-performance blockchain platform designed for decentralized applications and scalable smart contracts. It was founded in 2017 by Anatoly Yakovenko.
If you have read into blockchain technology, you might have heard about the Blockchain Trilemma. These are... More
Solana rose to fame in 2020 with its unique blend of proof of history and delegated proof of stake consensus mechanism along with timestamped transactions to maximize efficiency. Via this mechanism Solana offers exponentially faster transaction speeds than its closest competitors, Ethereum and Cardano, at a fraction of the cost. Who would have thought by adding a decentralized clock to a... More
I love the concept and the project and the blockchain idea behind. In the past years it showed good interest as well, companies willing to develop their project due to the fast speed of the blockchain , just to mention few: Secretum, Solanium, Blockchain Valley Virtual and many more ! The main downside of Solana in the past years, its the reliability of the blockchain, many outage happened in the... More
The Crypto scalable solution industry is crowded, with Solana ranking among the top solutions, closely following Ethereum and Cardano. The real-world adoption of the $SOL token is expected to increase exponentially as the platform grows and more users start building on it.
Regular community updates are provided by Solana through their Twitter account. They offer almost daily updates on their... More
Solana's key strength lies in its ability to deliver fast and scalable blockchain solutions. It achieves this through a unique combination of innovative technologies and architectural choices. The platform utilizes a consensus mechanism called Proof of History (PoH), which provides a verifiable and permissionless source of time for the network. This allows Solana to achieve high transaction... More
I would like to expect the potential of SOL in the current market. It's undeniable that SOL has experienced a significant decline, with its price plummeting from a high of $260 to approximately $8, resulting in a staggering loss of around 96%.
However, amidst this downturn, the development team behind SOL has displayed unwavering dedication and focus on project development. They have been... More
I will be reviewing the Solana project today and it’s perks.
Solana presents a truly unique and robust value proposition to the blockchain industry. Its use of Proof of History consensus mechanism, as opposed to the common Proof of Work or Proof of Stake, sets it apart. This allows for high-throughput scalability, with a theoretical capacity to handle thousands of transactions per second,... More
Over the past year, the network has failed Solana and the users frequently, which is a significant issue for a network that wants to achieve fast and affordable payments. The Solana team is following their plan to solve it, however.. they failed again this year. But.. there are some positive signs.
The plan Last year, Anatoly Yakovenko, the CEO and founder of Solana Labs,... More
Solana initially emerged as the Ethereum killer, boasting remarkable TPS and minimal gas fees. However, it has faced numerous challenges, including the FTX fallout and subsequent macro events. Nonetheless, one notable trend during this bear market is the growing NFT ecosystem.
Despite its NFT's explosive growth, the volume of NFT transactions on Solana has significantly declined. Previously... More
My trust in SOL has lost.
Lately the interest in the token has decreased significantly, for me it literally disappeared from the info-field. At the beginning it seemed quite interesting to me with its technology and small fees, but now it just doesn't make sense to me. Recently nothing much has changed, except for the new issues. Also, there is a fear of some exploits that have appeared more... More
Its a good time to Buy solana now, as the team is planning a form a community office which will further make improvements for the blockchain
