Where is the currency chain Hello everyone, I’m Michael Today, let’s talk about the topic of Solana. In the last episode of the see, I “ve told you” why the Solana chain is valuable and what technical progress does it have? Then in this episode, we’ll talk about its ecological scheme. Which programmes are worthy of everyone’s scrutiny? Its cost and specific aspects? We was also noted that the Solana chain and its sign Sol peaked when its market value contacted $50 billion. The rank of the top 6 encrypted resources is enough to prove that The appreciate of Solana is so in addition to the blessing of gigantic capital, Solana has always been regarded as a strong competitor to the king of the Ethereum public chain, so why does Solana challenge Ethereum? Today, let’s talk about a problem Maybe the triangle is that its decentralization hurry and scalability can never be the best of both worlds.For example, public series like Ethereum and Nervos use the Layer 2 approach settling a hopeless triangle. Add a two-story building outside the primary chain to apportion a large amount of computing power on the central chain to the side chain. After the estimation is completed on the side chain, the result is transferred to the main chain to complete the accounting. Solana has changed this layer. The 2 method is to treat the entire blockchain as a equipment system. Everyone is considered that if you plow the part blockchain as personal computers, you dont need to add another host. How can you oblige your computer become Is it possible to upgrade your CPU faster, right? It can increase your remember persist and then increase the storage capability of your fixed disk, so that the performance of your computer will be improved? Solana is to change the hardware configuration to represent the whole system. If the performance of the chain can be improved, then it is the most effective way to change the equipment. Poh’s acces of Proof of History, which we “ve told you” in the last program, meant that he developed a decentralized age that everyone can trust. When the system reports blocks, each block or each node does not need to broadcast its timestamp to the whole network again. Everyone will default to the timestamp that comes with the system, which can correspond to a real historical node. This is the only invention. This is the value of Solana. This invention has allowed the Solana network to achieve a TPS of 53,000 in a test network in March this year and a TPS of 110,000 in a test in October. In fact, a mixture like Solana is It solves the suffering point that a public series like Ethereum needs to use layer2 or split develop or sharding to request the ongoing accumulation of compute power outside your main chain like Lego blocks. Everyone knows Ethereum Fang is like layer2, it has to distribute a lot of computing power outside the series, but no matter if you split Whether it is layer 2 or the central bond and the side chain for data interaction data mutual confidence or resource give, their trust cost or data exchange cost is also a very expensive thing, whether it is time cost or gas reward. Fortunately, you have to pay, then Solana has solved some sting spots of Layer 2 and split-chain technology. This progress has allowed Solana to gain a lot of valuable approval. In addition to the improvement in performance, his gas reward is also very high. How low can the gas fee for a transportation in Solana be as low-toned as 0.000005 sol. This expenditure is almost imperceptible. Therefore, some people commented that the Solana public chain is an expansion according to Moore’s Law and can be greatly improved Let’s talk about who is Solana’s Bole. We know that there are actually quite a lot of excellent supply series , no matter how good “youre ever” In fact, it may be short-lived soon. For example, the Binance Smart Chain( BSC) is backed by the support of Binance’s massive commerce entry fund to allow more ecosystems to develop in a blowout form, so the same is true for Solana.In July of this year, Solana led in the first historic important turning point of its equip chain development. Sam Bankman-Fried, the founder of FTX, selected Solana as an underlying technology of their exchange. Everyone knows that SBF is a extremely The genius investor entered the rich list at persons under the age of 29, and he is also gaining popularity in the field of encrypted digital. Before SBF announced to use Solana as the underlying technology of its exchange, there were not many people in world markets who knew the extremity of the Solana chain. What various kinds of specialties are there? Solana’s token SOL has risen by 170% within a month after the announcement. In addition to the skyrocketing of Solana’s clue, the unite of genius seller SBF has brought the part Solana ecosystem in a greater sense.A blowout increase We all know that more ecological developers began to notice Solana through the introduction of SBF. The equip chain began to understand what kind of advantages it has. In Solana’s first hackathon last November, there were about 1,000 parties. After submitting about 60 activities, the situation is getting better and better. During the second hackathon event in February this year, the number of registered consumers on the Solana chain tripled to the number of projects to be provided by 3,000 people. After reaching 100, the third hackathon in May verified 13,000 registrants refer 350 campaigns. In fact, in addition to its In addition to more and more makes of ecological registrants, they have also received greater attention from large-scale funds. This is a more important boost that has led to the explosive development of Solana’s entire value. Everyone is common knowledge that the capital participating in Solana’s ecological building is Who is it? Top1′ s a16z and Polychain Capital. You must know that Solana only promoted $20 million in the A round of funding in July 2019, and after the boon of these two big capitals, this round of financing reached 3.1 US $100 million can be said to be a development accelerated by a rocket.With the support of KOL, more ecosystems have begun to choose Solana. For example, some really mature projects such as Chainlink Oxygen Protocol have data The retrieval implement is called Graph, etc. These matured projects that have already pick Ethereum began to turn to Solana to apply its engineering as the underlying basic etiquette of their bond. According to Solana’s official data, there are now 338 Solana ecosystems. Including different ecological matrices such as infrastructure wallet tools browser prophecies DeFi Dapp NFT GameNFT funds, etc. Among them, the DeFi ecosystem has reached 106, be accompanied by 82 Dapps, and NFT infrastructure and so on. Employments are likewise very rich in types of ecology, so from these data, Solana has started to move from a unadulterated technology afford series to an ecological application. I have told you in numerous programs before that the event in the equip chain is more than technology. More is to see whether your ecology can greatly enrich your consensus. In fact, in previous platforms, I have told you many times that the competitor of various public chains is not only a technical event, but also an ecological competition. How many people do you have? Build your developing lotion above and how many parties will agree on the ecology of your series. This is the most important basic criterion for appraise a bond. So countless ecology developed on Solana, which are the star projections worthy of our attention. Let’s insert a few Serum is the first decentralized derivatives trading platform on Solana. The project liberated a white paper at the end of July last year. The initial squad is not only the halo favor of ftx founder SBF, but also marriages such as Alameda Research to pattern Serum. Solve the problems of high DeFi gas fee, slow deal race, unified fund economy, low-pitched liquidity, segmentation, etc.This is the battle to build a decentralized part DeFi. From the perspective of Serum’s ecology, a very large ecosystem has been formed. Cooperation with MathWallet and Solana Host DeFi Night Department Developer occurrences such as Column City incidents and hackathons have spared no endeavor in terms of promoting ecological boom on the bond Parrot Protocol is a stablecoin project of SOL The project’s liquidity network built on the Solana blockchain will be opened by a non-custodial lending market including the stablecoin PAI As well as the services offered of perimeter trading, a series of Defi makes are constructed by providing liquidity, so that the quality locked in the Defi system can also be accessed.Although the project was established late, the data is very eye-catching. Since the public beta on June 1st The incessant rise of open interest has now excess 400 million US dollars. It enhanced by virtually 4 hours in 7 days. It won the second place in the previous hackathon. Apricot Finance is a DeFi solution built on the Solana network to provide users with over-collateralization Lending Service The Apricot credit been undertaken by it is a mortgage loan agreement with low-spirited extermination retribution and high-pitched predictability, which furnishes guarantee for borrowers to liquidate their positions in a short period of time. The activity, as Solana’s ecological lending platform, has received direct funding from Solana Network in June. Received $ 800,000 in grain round financing and then$ 4 million in financing in August. Capital continued to increase. Only1, as the first NFT social programme in the Solana ecosystem, integrates social media and sell scalability with the blockchain and its A brand-new social stage that allows developers to output content and share directly with their love. The campaign has two mechanisms: one is the creation of NFTs, and the other is the mining of content NFTs. The two-way interaction of content makes to realize the co-construction and sharing of devotees and makes may fetch brand-new inspiration to the rise of SocialFi. DeFiland is a multi-chain game of city farming simulation online activity developed on Solana. Each resource represents a currency, which means that pumpkins, potatoes, and watermelons will have their own corresponding tokens. The tournament will propel two accounts. The only one that will provide the basic functions of a decentralized fiscal protocol. Customers can open new gameplay and wages after overtaking the level. Two copies include Lending Index, NFT Market, Interactive Chat, Tournament, Land, etc. More serves and new method. The projection recently received $4.1 million in financing from the NGC Solana Foundation and Gate.IO. Star Atlas is Solana’s GameFi space. The Ace Project is a space-themed chain game with a sci-fi background. The illusory 5g instrument is used to create cinematic visual influences. The competition will be officially launched in the Q2 quarter of 2022. Star Atlas launched the decentralized exchange Marketplace with S Serum on the olana blockchain has now completed the integration. The incorporation allows the global community to seamlessly exchange any resources such as meta-posters, spaceships, etc. Recently, Star Atlas announced a cooperation with Animoca Brands, a blockchain-based game NFT developer, which implies Star Atlas is ready for the explosion of the Solana metaverse game ecosystem. Of direction, development projects innovated above are just a few of the projects worth paying attention to on Solana. As time goes by, we believe that more and more projects will spew on Solana. The high-quality projects in the currency clique are like this. One day in the currency roundabout for 10 years. Many times, as long as we dont read the word for one day, we will find that we are outdated. The blockchain is growing explosively and its application is also advancing explosively, this is why we You can pay attention to how many orders in the future will challenge the situation of women the prince of the public chain of Ethereum, but no matter what, as long as we can promote the progress of technology, as long as users can enjoy better services at relatively low and lower gas fees, we are all Welcome to this kind of healthy contender
Get in touch for your NFT project
