Row 90622

Row ID: 90622 | Dataset Entry | Axioma AXP Content Repository

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#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user.

> #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6.

*****

Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

FieldValue
text #Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validator…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-25
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Raw Record

{
  "text": "#Solana Pro-Arguments\nBelow is a Solana pro-argument written by a deleted user.\n\n> #PROs\n> \n> This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/)\n> \n> ##Low Transaction Fees\n> \n> Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022.\n> \n> ##Moderately-high TPS\n> \n> The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network.\n> \n> ##Centralization is not as bad as the reputation\n> \n> Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators).\n> \n> On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know.\n> \n> ##Outage and stability issues likely to be resolved by 2 upcoming updates\n> \n> The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network.\n> \n> **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks.\n> \n> **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy.\n> \n> ##Lots of DeFi projects\n> \n> There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6.\n\n*****\n\nWould you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-25",
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}
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