Latest Solana updates on March 28th

Solana, a cryptocurrency project, has been making many updates and announcements in the past weeks. On March 24th, their open-source reference implementation for a novel TWAMM product was released. Moreover, Carrier, a bridge to the Solana ecosystem, now supports 11 other chains. On March 23rd, Hivemapper contributors mapped 1M unique road km 5x faster than Google Street View. Furthermore, Credix and Chainalysis teamed up to make compliance easier on Solana. Finally, the Solana Foundation has made core contribution more accessible. They have created Core Community Calls and Solana Improvement Proposals to make their project easier to access.

What is Solana ?

Solana is a revolutionary new blockchain technology that is set to revolutionize the way developers, users, and companies interact with blockchain technology. Solana is an open-source project that has been developed to bring blockchain to the masses and make it easier for everyone to use this technology. Solana is focused on providing scalability and speed to the blockchain network, enabling faster transactions and decentralized applications.

Solana is a web3 infrastructure platform that is designed to be fast, secure, and accessible to everyone. Solana has been designed to be energy efficient and can process thousands of transactions per second. Solana has block times of 400 milliseconds, and the fees for both developers and users remain less than $0.01. The network is also supported by thousands of independent validator nodes, ensuring that your data remains secure and censorship resistant.

The Solana platform is perfect for developers and companies building decentralized applications, as well as those looking to use blockchain technology for payments, gaming, and NFTs. The Solana community has come together to build an open-source order book which can power decentralized finance for everyone, and the Solana Foundation has hosted multiple Hacker Houses and Hackathons to promote the development of the platform.

Solana is also powering tools and integrations from companies all around the world. Companies like Toys’R’Us are using Solana to bridge the digital and physical worlds with NFTs, and ASICS accepted pre-orders for their Solana-inspired UI collection using Solana Pay. Games like Bladerite are using Solana to power their in-game item ownership system, and organizations like MonkeDAO are running validator nodes to support the Solana network.

With its fast transaction speeds and low transaction costs, Solana is poised to become the go-to blockchain technology for developers, users, and companies. Solana’s support of decentralized applications, NFTs, payments, gaming, and DeFi are just some of the reasons why developers and companies are turning to Solana for their blockchain needs.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.