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F.A.Q
Solana &
Dedicated Nodes FAQs
When and why was Solana (SOL) created?
Solana is one of the youngest cryptocurrencies, and its rise in popularity in the cryptocurrency community has been sensational. SOL coins are used in the Solana network. One SOL coin is divided into smaller pieces called lamports, and one lamport is 0.000000001 SOL. The ICO of the Solana network took place in March 2020, although development began back in 2017. At the time of the ICO, one SOL coin was worth $1 or less. By the end of 2021, Solana price had steadily exceeded $200 and was trending upward. In just over a year, the Solana network has become the world's sixth largest cryptocurrency project in terms of total market capitalization. This indicates the highest Solana potential.
And the high evaluation of Solana potential by the cryptocurrency community and market participants is quite justified. The average transaction rate on the SOL network is 65,000 transactions per second. In the future the transaction speed in the SOL network can grow up to 710,000 transactions per second. It is theoretically possible to increase the speed to the fantastic 24 million transactions per second. The transaction takes an average of 400 milliseconds (0.4 seconds) and the commission per transaction does not exceed $0.00025. Only 176 bytes are sufficient to transmit a transaction. At the same time, the Ethereum network provides only about 30 transactions per second, and the transaction time is 12.5 seconds. At the same time, the Solana network provides the widest possibilities for executing blockchain smart contracts, as well as web3 apps and dApps based on them. It is possible to create custom tokens in the Solana network as well. The blockchain has a handy system for managing public and dedicated nodes. Solana dedicated node is a dedicated server.
And the high evaluation of Solana potential by the cryptocurrency community and market participants is quite justified. The average transaction rate on the SOL network is 65,000 transactions per second. In the future the transaction speed in the SOL network can grow up to 710,000 transactions per second. It is theoretically possible to increase the speed to the fantastic 24 million transactions per second. The transaction takes an average of 400 milliseconds (0.4 seconds) and the commission per transaction does not exceed $0.00025. Only 176 bytes are sufficient to transmit a transaction. At the same time, the Ethereum network provides only about 30 transactions per second, and the transaction time is 12.5 seconds. At the same time, the Solana network provides the widest possibilities for executing blockchain smart contracts, as well as web3 apps and dApps based on them. It is possible to create custom tokens in the Solana network as well. The blockchain has a handy system for managing public and dedicated nodes. Solana dedicated node is a dedicated server.
What are the main features of the Solana network?
Solana network uses a kind of Proof-of-History (PoH) algorithm to confirm transactions. Unlike the Ethereum network, which uses the specialized Solidity programming language, the SOL network supports the execution of programs written in general-purpose languages such as C and Rust. Unlike most other cryptocurrencies, Solana nodes can not be single computers but rather clusters of computers that exchange information with each other.
The SOL network is great for running blockchain smart contracts, as well as running web3 apps and dApps based on them. We also have a wide range of dedicated SOL clients on the Solana network. We have mobile SOL clients, web SOL clients, hardware SOL clients and even command-line SOL clients. The Solana network provides SOL token staking. Users are entrusting their SOL tokens to SOL nodes, which have the right to validate the transactions (SOL validators). The higher the SOL validator's deposit size, the higher their chance of getting a transaction processed and receiving a commission for it. SOL token staking is possible directly from the SOL client. It is important to note that SOL validators work together by clustering. Thanks to this feature of the architecture, the Solana network is so fast. In total there can be up to 150 SOL nodes in one cluster. It is planned that further on the cluster will be able to contain up to several hundred thousand SOL nodes.
The SOL network is great for running blockchain smart contracts, as well as running web3 apps and dApps based on them. We also have a wide range of dedicated SOL clients on the Solana network. We have mobile SOL clients, web SOL clients, hardware SOL clients and even command-line SOL clients. The Solana network provides SOL token staking. Users are entrusting their SOL tokens to SOL nodes, which have the right to validate the transactions (SOL validators). The higher the SOL validator's deposit size, the higher their chance of getting a transaction processed and receiving a commission for it. SOL token staking is possible directly from the SOL client. It is important to note that SOL validators work together by clustering. Thanks to this feature of the architecture, the Solana network is so fast. In total there can be up to 150 SOL nodes in one cluster. It is planned that further on the cluster will be able to contain up to several hundred thousand SOL nodes.
Why do we need SOL dedicated nodes?
For professional developers of blockchain smart contracts, web3 apps and dApps for SOL networks you can't do without Solana dedicated nodes. Installing and configuring a Solana dedicated node (Solana dedicated server) even for an experienced developer can be extremely tricky. A good alternative is the Solana blockchain node as a service. It will take a lot of hassle out of installing and configuring a Solana dedicated server, and will allow to fully exploit SOL potential. Developers of applications for the Solana network can also use a powerful API. Among its commands are blockchain endpoints, WebSockets blockchain API, JSON RPC blockchain API and more API methods.