[Blockchain Today Reporter Park Yohan] Digital asset trading platform AscendEX (formerly BTMX) will start at 9:30 am (EDT) on March 26, SRM, USDT, USDC, FIDA, Solara Public Library (SPL). It announced on the 30th that it will support deposit and withdrawal of MAPS and OXY. AscendEX users can take advantage of Solana’s low transaction cost and high transaction speed when sending money to SPL.
Solana is a single chain Proof-of-Stake (PoS) protocol focused on providing scalability without sacrificing decentralization or security. Solana is currently capable of handling 50,000 TPS for a single transaction cost as low as $0.00001.
The Solana Program Library (SPL) is a collection of on-chain programs targeting Seallevel parallel runtimes. These programs are tested against Solana’s Sealevel implementation, which is Solana’s runtime, and is distributed on the mainnet. As others implement Sealevel, Solana will patch the program so that it is portable across all implementations.
More and more projects are being migrated to Solana. Currently, there are more than 120 projects using Solana. These projects include unique wallet solutions, decentralized exchanges, lending protocols, staking platforms, digital games, and storage solutions.
The heart of Solana’s scaling solution is a decentralized proof-of-history (PoH) built to solve time in a distributed network without a single reliable time source. PoH uses a verifiable delay function to allow individual nodes to generate timestamps with SHA256 operations locally. Thus, there is no need to promote timestamps over the network, improving overall network efficiency.
By combining these core innovations, Solana makes it easy for developers to configure and deploy unstoppable apps. Leading crypto projects are currently expanding to billions of users and devices around the world, leveraging Solana’s speed and ultra-low commissions.
contact@blockcast.cc
