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Apr 11

Smart Messaging Is the Future of Solana and That’s Why You Should Buy

Reading Time: 3 mins

The Solana network is a fourth-generation blockchain that aims to solve the blockchain dilemma or the problem of building a fast and scalable network while maintaining security and decentralisation. Investors Intending to buy Solana can rest assured that the future of Solana rests on smart messaging.

The Solana protocol includes eight fundamental technologies that allow transactions to expand according to bandwidth, resulting in industry-leading transaction speeds and enterprise-level security.

Overview Of Solana

Solana can provide a decentralised platform for dApps with global scaling potential without the network congestion and hefty gas fees associated with the Ethereum network, thanks to its resilient protocol.

Solana is a web-scale, open-source blockchain technology that assists developers and organisations in the creation of decentralised apps (dApps) and markets around the world. Solana’s protocol is fast, secure, and censorship-resistant, allowing developers to design apps with the freedom of open infrastructure and attracting more investors to buy Solana.

This high-performance blockchain provides the fully decentralised, secure, and highly scalable infrastructure required by future dApps and decentralised marketplaces. It uses a combination of ground-breaking processing technologies that can handle thousands of nodes, allowing transaction throughput to expand proportionally with network capacity.

Solana improves performance and scalability by combining proof-of-stake (PoS) and proof-of-history (PoH) consensus techniques. As a result, the network claims to be capable of 50,000 TPS, making it the fastest blockchain on the planet.

 

Solana And Smart Messaging

Every person’s right to privacy in internet communication is a fundamental right. Everyone should be able to send and receive private instant messages securely over the internet. The optimal foundation for enabling this approach is blockchain technology. Due to the poor blockchain network speed, congestion, and transaction cost, on-chain instant messaging implementation has been difficult in the past. Instant messaging is becoming a reality with the advent of the Solana blockchain on-chain, and more investors are choosing to buy Solana to join the trend.

Smart contracts solve two distinct problems: Preserving instant messages sent by the sender and recovering instant messages sent by receivers. The smart messaging protocol uses the Solana blockchain to act as an immutable ledger for sending encrypted messages from one smart messenger to another in real-time. Messages on the blockchain are encrypted using an asymmetric method that encrypts the instant message using the receiver’s public key. An attacker cannot deduce associations between segments of the encrypted message because of this design.

 

Features Of Solana Smart Messaging

Your conversations are private

There is no central data storage. There are no concerns about privacy. There will be no censorship. You are the sole owner of your messages and have complete control over them.

OTC (over-the-counter) trading

Using an integrated ESC (smart escrow contract), trade over-the-counter (OTC) crypto-assets and token P2P.

Invest with confidence.

Invest safely in verified crypto projects and keep up with the latest news and trends via clever public channels.

Encrypted messages

Communicate directly and privately with any other wallet owner around the globe via text, phone, or video, using only wallet addresses.

Private communications

Chat or phone anyone in the world who owns a wallet using only their wallet addresses.

Protected ecosystem

A decentralised distributed node network protects communications, file storage, and transactions from hackers and government interference.

 

How Smart Messaging Is Shaping Solana’s Future

Solana’s native token, SOL, has already surged into the top ten cryptocurrencies by market cap. Solana is still a young project, with its mainnet beta only released in March 2020. Even though it provides full functionality to everyone who buys Solana, the mainnet is still in beta, indicating that the team continuously strives to improve the network’s features and stability.

With over 250 projects in the ecosystem, more developers are adopting Solana because its blockchain has some of the lowest latency and gas prices on the market, two of the most crucial factors for decentralised applications.

Today, Solana is a formidable force in the crypto world, and more people buy Solana daily. The scalability and throughput in blockchain are now a solved challenge, based on the enormous surge in global developer use. This is a turning point, similar to when personal computers were widely available in the 1970s.

Onboarding a billion users is the next step. Solana was designed from scratch to accommodate such a large group. Solana Labs is now in a position to bring in the necessary partners and capital to construct the goods and tooling needed to get there, thanks to smart messaging, which also helps to shape investors’ choice to buy Solana.

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence. 

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