Other benefits (4/5)

One of the other benefits Solana offers is that there is no requirements to become a validator. In Ethereum 2.0 you need to stake 32 ethereum or roughly $100,000. For Solana, you need to pay a small fee to vote but you need very little Solana to stake it.

They aren’t bottlenecked by software issues. The website reads “Every tiome Nvidia doubles the number of SIMD lanes available, our network will double in computational capacity”.

Unlike Ethereum and a lot of others blockchains, you can’t copy/paste code from other dApps to run on Solana. Solana uses RUST which is a lower-level programming language. This makes it harder to develop on but also gives more power and possibility to do different things.

Similar to Avalanche, Solana is both inflationary and deflationary. It’s deflationary because for the longest time, 100% of all transactions were burned. Now, it’s 50%. But it’s inflationary because it pays staking rewards at 8%. Eventually the reward cut until they hit 1.5% in 10 years.
Basically, every time the coin is transacted (sent or received) the supply of coins shrinks, theoretically making it more valuable each and every transaction and this is offset by the value-reducing staking ability – “balance to the force, this brings!” – Yoda…maybe..

Written by Writers Room


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Who created it? (3/5)

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