The cryptocurrency Solana continues shining brighter with consistent growth and hence manages to attain 9th ranking in the CoinMarketCap. The story of the cryptocurrency SOL is indeed a fascinating one. However, the concept was drawn into paper in March 2020, till 2017 Solana resided in the minds of the engineers.
Let us start with decoding Solana on the basic level and then address the main reason behind Solana’s popularity.
What is Solana?
Solana Blockchain Development is an open-source Blockchain platform that acts as a building block for decentralized finance applications. Solana is reportedly a long-standing open-source project that was sculpted in 2020 but its spark was observed in 2017.
Solana is the Blockchain platform that came into existence in Geneva, Switzerland by Anatoly Yakovenko.
Initially, Solana was regarded as Solana Labs in 2017 when Anatoly and his coworker Greg Fitzgerald worked on this historic project. Solana is known for its marvellous achievements as an exceptional Blockchain platform.
Hence, several IT firms are setting up themselves as top-rated Solana Software development company rendering Solana development services over the globe.
Why is Solana different?
How does Solana differ from the other Blockchain platform? Well, the answer to this question lies in the security and functional protocols of the Solana Blockchain. Solana is a versatile Blockchain development platform with a novice concept.
Because Solana functions on proof-of-history (PoH), an idea designed by Anatoly Yakovenko. It is because of this concept that the scalability, security, and stability of the Blockchain platform are strengthened.
Solana works on the hybrid model and hence it is known as the fastest blockchain platform ever. This lightning-speed platform claims a transaction speed of 50,000 transactions per second.
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Features that distinguish the Solana Blockchain platform
Proof of History
As compared to Proof of Stake, Proof of History carries ample benefits for the Blockchain platform. PoH follows a cryptographic clock that allows every node to function on an automated basis. This element of the Blockchain platform imparts higher efficiency and superior functionality.
The function termed Tower BFT (Byzantine fault tolerance) is the main reason behind the lightning speed of the Solana Blockchain network. With this process, the messages are transferred to the cryptographic clock with ease.
A data propelling tool that acts as a data breaker that splits the data into smaller increments makes the data transfer smooth.
Pipelining in the Solana Blockchain platform acts as a transaction processing unit that enhances optimization. With this, the piece of information is replicated and transferred at a flash speed.
Cloudbreak is a tool to fortify scalability and throughput by consecutive verification of the 32 network threads.
The secret to the high speed of the Solana Blockchain is attributed to Archivers which are the distributed ledger storage. Solana stores that data in the PCs or laptops and offloads the data for a robust storage solution.
Being a newborn Blockchain network, Solana is a breakthrough platform with 13,000 registrants and 300 successful projects. Moreover, the cryptocurrency SOL has surged among the top 10 global crypto coins. Hence, more and more Blockchain developers are shifting their focus toward the Solana Blockchain Platform.
If you are planning to extract the advantages of the Solana Blockchain platform, Webllisto technologies is a leading Solana Blockchain development company that assists with numerous Solana Decentralized application development services.
With proficient Solana Blockchain developers, the Blockchain development solutions are designed sensitively considering the crucial development aspect with priority.
The company also renders NFT Game Development Services, Metaverse Development Services, Blockchain Game Development Services, etc. Consult Webllisto technologies for the best-in-class Solana blockchain development services for optimized decentralized applications.