Why You Should Develop a Smart Contract on Solana
In 2017, Solana came into existence with an aim to address scalability issues in the existing blockchain space. Solana emerges as a high-performance, permissionless blockchain that offers fast, cheap, and scalable transactions. Solana’s Smart Contract Development is known as Programs. Developers use Rust, C++, and C programming languages to build them and deploy them on-chain. Solana is a decentralized blockchain platform designed to avoid congestion and scalability issues in the existing blockchain space. The prime functionality of the Solana blockchain focuses on scalability improvements, such as higher transaction per second (TPS) and fast confirmation times. Moreover, it is an open-source platform comprised of technologies such as Intel, Netscape, Google, and Qualcomm. It helps Solana in balancing high-performing standards. Solana claims to be the world’s fastest blockchain that implements an innovative consensus model called proof-of-history to acquire high speed and scalability. Let’s understand the underlying concept of Solana and know why to develop a smart contract on Solana.