The Solana Blockchain
A scalable and fast blockchain with very low transaction costs for devs and users.
Last updated
A scalable and fast blockchain with very low transaction costs for devs and users.
Last updated
The recent Virtual Land offering by the BAYC showed the clear failings of the Ethereum blockchain. Failed expensive transactions with very high gas fees, congested networks and overall a poor user experience are just a few of the reasons we decided on not using Ethereum.
We believe the Solana blockchain offers a perfect alternative as it's native token SOL is very liquid and easy to trade in any exchange.
Even though Solana is very much more centralized than Ethereum and it's highly dependant on their internal development team, we believe the advantages of costs and speed of the network far outweigh these deficiencies.
Solana is also the community with largest growth. It's programing language, Rust, is much friendlier to developers than Solidity, not to mention the prohibitive gas fees that involve deploying a smart contract in Ethereum versus a very low fee in Solana.
Today, Solana’s TPS (transactions per second) rivals that of Visa and Mastercard, making it an industry leader in terms of speed and global scalability. Additionally, Solana’s price is astoundingly low. Unlike Ethereum and its high fees, which make it challenging to use for those who don’t have a high-risk threshold to participate in NFT trading, Solana’s transactions price is only a fraction of a penny apiece. This has made Solana remarkably popular and one of the fastest growing ecosystems in crypto.
Solana is a fast, cheap and scalable blockchain that may be not as decentralized as Ethereum and might be heavily reliant on it's development team but it still is the best platform for NFT projects and communities.