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Solana
The Ethereum killer
Solana is a smart contract platform like Ethereum, but built from the ground up. It is faster, and with much cheaper gas fees.
It is the fastest blockchain with 20,000+ transactions per second (TPS). FYI, VISA network handles 1,700 TPS only, Avalanche 5,000+ and Cosmos 10,000+. See the live transactions stats.
Solana smart contract is written in Rust, the most loved language for systems programming.
Ethereum is #1 smart contract platform, while Solana is #2. The ecosystem is flourishing.
Solana is a beach north of San Diego, where the 3 cofounders lived and surfed when they worked for Qualcomm.
Dapps
- Wallet - Solflare (can do native staking)
- Liquid Staking - Mariande, Lido
- Lending - Solend
- Liquidity Pool - Raydium, Orca
- NFT - Solsea
Tokenomics
They are inflationary from 8% to 1.5%, after 10 years.
Genesis on 16 March 2020.
The staking rewards depend on a number of factors: % of SOL staked, global inflation rate, commission of validators and uptime.
You can check out the validators in solanabeach, while the current APY can be found at StakeView.
Running validator nodes
You can do Proof-of-stake on your computer, but the requirements are high. Notably, you need 128GB RAM and more.