When you hear the word “blockchain”, what do you think of? Some might picture a bunch of nerds in their parents’ basement playing with computers. Or maybe a bunch of people who look like they’re wearing t-shirts and jeans while sitting on benches in parks. But now that we’ve entered 2019, blockchain is finally moving beyond just being another technology for tech enthusiasts to get excited about—it’s becoming something real!
In fact, the latest trend in crypto is actually called Solana Blockchain and full stack blockchain development services: an alternative version (or fork) of Ethereum based on sharding technology built by its developers at Protocol Labs Inc. This project has been met with much acclaim from both investors and enthusiasts alike because it represents something new and exciting when it comes to decentralized applications (or DApps): namely that there are now multiple ways to build them!
Let’s start with the basics: What is Solana?
Solana is a new blockchain that aims to be more scalable than Ethereum. But what exactly does that mean?
Ethereum has been known to struggle with scaling issues, making it difficult for developers and companies alike to launch their own decentralized applications (dApps). In fact, one of the main reasons why Ethereum doesn’t have enough bandwidth right now is because its transaction speed is too slow.
Solana’s goal is to allow for faster processing speeds while still maintaining security and privacy with its consensus algorithm—a process by which all nodes on the network agree on what happened (or didn’t happen) during a transaction or event on the network. The consensus algorithm also ensures that no one node can modify data stored within its database without consensus from all nodes in existence at any given time; this means there won’t be any way someone could hack into your account unless they were able to get one-third+2/3rds+of miners supporting them!
Solana is not built on Ethereum, it is built from scratch. So why?
Solana is not built on Ethereum. That’s a big difference. Solana was built from scratch, and it has no dependencies on any other blockchain platform. This makes it extremely flexible, as well as versatile for future applications that may arise in the future. In fact, Solana can be used for any application you could imagine!
What did the team do to meet their objectives?
The Solana team has done a lot to meet their objectives. They have developed a new consensus algorithm, designed a new programming language, designed a new virtual machine and network, and even changed the block generation time.
So what does this mean for the average crypto enthusiast?
For one thing, it means that Solana is not built on Ethereum and it’s a next generation blockchain built for performance, security and scalability. In other words: It is purpose-built for what we need in the future of blockchains!
It also means that you can take advantage of some exciting technology when using Solana — including Sharding (more on this later).
Solana is a next generation blockchain built for performance, security, and scalability.
The purpose of the blockchain consulting service is to provide a trustless system that enables the transfer of value between two parties without having to rely on third party intermediaries. This can be achieved by using smart contracts written in Solidity (a programming language) which are executed by nodes on the network (known as validators).
In order to solve these challenges faced by existing blockchains such as Bitcoin and Ethereum with their scalability issues, they must build something better than what they already have. Solana does this by splitting up its transactions into smaller pieces called “micro-transactions” which are then sent across multiple networks simultaneously so that they don’t bog down one specific network like Ethereum due to its heavy processing power requirements needed when processing large amounts of data stored within each block itself or even just sending messages back-and-forth between two people involved in an agreement process where both parties need access without being able to break off from each other’s connection midstream because there isn’t enough bandwidth available anymore!
Solana is a next generation blockchain built for performance, security, and scalability. This is a great point to start with because we as an audience can understand this better than someone who is not into blockchain technology.
We all want our transactions to be quick and fast but also safe from hackers because we don’t want to lose any money or information! Solana has made it possible for people like us who haven’t had much experience with cryptocurrencies yet but still want more out of life because now there are many more options available for them than before when it comes down killing time on social media sites like Facebook or Twitter (or even YouTube).