Solana's Roadmap for Mass Adoption: Mobile, Reliability, and Scalability
Solana has big plans for mass adoption, and co-founder Anatoly Yakovenko laid out the roadmap at the recent Breakpoint 2022 conference in Lisbon. According to Yakovenko, the main obstacles to adoption are a lack of mobile compatibility, reliability issues, and scalability challenges. Here's what Solana is doing to tackle these issues.
Currently, most cryptocurrencies are tied to desktop usage, but many people primarily use their mobile devices to access the internet. The problem is that the business models for web3 aren't compatible with app store business models, which often don't allow for true digital ownership. To make mobile more crypto-friendly, Solana is developing the Mobile Stack and the Solana dApp Store, which will be available on the Android-compatible Saga phone. The developer devices (DVT-1) have already shipped, and the Solana dApp Store will accept its first applications in January, with Saga phones for the general public shipping in early 2023.
Solana ran into a series of bugs in early 2022 that caused the network to halt, so the engineering team has been focused on improving reliability ever since. Network upgrades, including QUIC and stake-weighted QoS, are already being rolled out, and local fee markets will allow users to pay a little extra to have their transactions processed first. Community projects like Jito and Mango are also working to improve reliability. In the future, Solana plans to implement one-click upgrades and use the power of staking to make the network more resilient.
Solana's current capacity is around 65,000 transactions per second, but the team aims to increase that to millions. To do this, they plan to implement the following:
- An upgrade to the consensus protocol to allow for transaction batching and parallelism
- The ability to execute transactions off-chain and then anchor them on-chain
- A new sharding approach that allows for parallel processing and faster consensus
Solana Blockchain SOL Token Soars After FTX Crash, Will It Reach $50 This Year?
After a crash linked to troubled crypto exchange FTX, the Solana blockchain SOL token has been on a rebound, doubling in price since mid-December. With Ethereum co-founder Vitalik Buterin's support, the token is expected to continue its surge to pre-crash levels and beyond.
Crypto Market Soars: Bitcoin, Ethereum, and Solana Jump Over 12% This Week
Crypto is on fire this week, with Bitcoin, Ethereum, and Solana all jumping over 12%. A falling CPI, declining interest rates, and a potentially positive industry news have all been tailwinds for the crypto market. Despite the short-term surge, investors should be wary of the opaque nature of the largest crypto exchange, Binance.
Solana Blockchain Activity Soars Despite FTX Collapse
Solana blockchain activity remains high despite 50 million SOL tokens being locked in the FTX exchange collapse, according to Citi research. The Solana Foundation was heavily invested in FTX, and their collapse has caused a crisis for other protocols on the blockchain.
Solana Network Thriving Despite Foundation RPCs Offline
Solana Network remains functional despite the Foundation's public RPCs being offline due to a bug in the Validator client's test release 1.14. Despite the incident, the network has seen an increase in daily addresses and a 37% increase in its native token, SOL, in the past week. The Solana community has also rallied around a new memecoin, Bonk Inu, which has risen by over 1000% in the first week of 2023.
Can Solana Price Reach $30? Recent Developments Could Push Coin 2x
Solana's price has skyrocketed recently as developers and users flock to the cryptocurrency. The addition of the meme coin BONK has also contributed to the surge, with its price rallying over 3,600% since launch. With the RSI at oversold levels and the MACD signaling further bullish momentum, Solana may be headed for a 2x to $30.
Cardano and Solana Surge 21% - Reentering Territory Not Seen Since November
Crypto values for both Solana and Cardano skyrocketed late Sunday, with Solana's BONK coin leading the way with an impressive 60% increase over the week. Charles Hoskinson's recent developments in Wyoming have also contributed to Cardano's success.
Revolutionizing Charitable Giving: How Change is Empowering Nonprofits with Blockchain Technology
Northwestern grads Sonia Nigam and Amar Shah created Change, a web3-based software that enables consumers to donate both crypto and fiat to over 200,000 non-profits. With the help of Solana, Change has raised over $1,000,000 and allows individuals to follow the money trail to ensure their donations are going to the right place.
Vitalik Buterin Endorses Rival Blockchain: Is Solana the Next Ethereum Killer?
Vitalik Buterin, the founder of Ethereum, recently tweeted his endorsement of Solana, a rival blockchain. His endorsement came at a pivotal moment for Solana, as the blockchain has faced some challenges in the past. Buterin believes that Solana has the potential to be a major player in the world of smart contract platforms, and with his endorsement, it's worth keeping an eye on. Could Solana be the next Ethereum killer?