Solana blift upward trend, cryptogeld wordt de 10e grootste

Solana has taken a leading position in crypto with its rapidly growing ecosystem. Solana, who earned $ 314 million in private token sales, made headlines in early June. Polychain and Andreessen Horowitz were pioneers in the sale of Solana tokens.

This fund has had a significant impact on the development of the rapidly growing Solana ecosystem. This puts it forward as one of the main competitors of Ethereum, a blockchain with the widest use.

Currently, ethereum blockchain is in high demand among crypto users and investors Dec. Unfortunately, this leads to network congestion and excessive transaction costs.

Congestion created great opportunities for side chains and Level 2 solutions. In addition, Layer 1 networks can exploit loopholes and build scalable decentralized applications beyond Ethereum. Solana gets into low-level networks like this.

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Established in 2017, the project team has achieved more than $ 25 million in sales through private and public sales of ICO tokens. In March 2020, the main network released a beta version.

The project is known for its block time of 400 MS and processing capacity of 50,000 per second. These indicators are several thousand times higher than the current version of bitcoin and Ethereum. Although both developer platforms are based on a consensus that confirms the work.

Solana’s theoretical capacity is 700,000 transactions per second due to its scale orientation for a wider application, as stated in its white paper.

Solana’s technological design guarantees its high scalability. Blockchain can process transactions in parallel horizontally using sea-level execution time. Thus, blockchain has continuous scalability with improvements to the verifier’s GPU, resulting in low cost.

Anatoly Yakovenko, CEO of Solana Labs, shows that the network’s level of scalability is proportionally related to equipment calculations. It is good for application

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