Solana is the open blockchain podium. It has the decentralized character with the kind of accordthat is achieved by making use of the PoF. It helps in facilitating the kind of peer-to-peer transaction with the internal crypto presence known as ‘SOL’, and it has the capacity of supporting the 50,000 transactions each second. It is considered that Solana is the plausible rival to Ethereum and the statement was made by Anatoly Yakovenko, who is the founder and CEO of Solana, which is the global leader in the field of NFT mode of transactions. When compared to Ethereum Solana has the capacity to interact along with the smart contract. There is a hike in Solana value 200 times quicker than the worth of bitcoin within the first 9 months of the year 2021, with the amount rising more at the time.
What is Solana
It can also be said that SOLANAX is the quickest blockchain in the world and the fastest-growing ecosystem in cryptocurrency with over 400 projects. It is believed that Solana could be a potential long-term rival for Ethereum that is presently the most-used cryptocurrency. The cryptocurrency linked to Solana’s network has recently jumped to the 7th spot among the world’s top 10 largest virtual coins, leaving behind Dogecoin, being optimistic that this blockchain could be a long-term competitor to Ethereum. Solana’s tokens have been valued about 3 times in three weeks and currently holding a market value of more than $45 billion. The average cost per transaction for Solana is $0.00025.
Solana is one of the probable projects and is built on the Solana blockchain. It is one of the fast Decentralized Exchange for the reason of the popular Decentralized Finance (Defi) as well as the project focused in solving the cash liquidity problems and eliminating centralized intermediaries. Solana has partnered with ExMarkets for its IEO in matters of the The Astronaut for the building of the community trust.
Accessibility for New investors in Solana
For new investors who are eager to invest in cryptocurrency like SOLANAX, an IEO (Initial Exchange Offering) is always a much safer option and more reliable way to invest in cryptocurrencies than ICOs (Initial Coin Offering) because ICOs has already won the trust of the cryptocurrency exchange that is launching the coin/token. After a massive success in the private sale, Solanax has already proven that it is a promising project. It is already a part of the Solana ecosystem that promises to have low charge fees, using a simple interface, and provides an incredible blockchain speed for its customers.
Concluding about Solana
Solana is possibly believed to be a long-term rival for Ethereum. So SOLANAX provides a simple interface, low transaction fees, and high blockchain speed which will change the way the transactions are executed and give more power to the hands of crypto users by solving their liquidity issues. Solanaxtaken the cryptocurrency world from a centralized and highly controlled financial world to a fully decentralized, censorship-resistant with a secure hybrid one.