Solana: the cryptocurrency of the future

We will see this cryptocurrency take more position than imagined

Irene de EspinozaFollow

Nov 23, 20216 min de lectura

Solana is one of the cryptos of the moment. Why? Its extraordinary growth occurred in a short time leaving many traders who did not trust its potential stunned. It forms a completely open encrypted code without being tied to the laws of the usual Blockchain technology.

Currently, it is in the eye of the hurricane thanks to its technological and innovative operation, its developers continue to improve over time despite only having officially been released for one year.

What project does solana have?

Solana's project deals with four parts of its development, which is why they focus on the same objective of some crypto named as: "Third generation virtual currencies".

These currencies are based on:

Ability to scale: The project tries to be able to make the users who want the cryptocurrency be able to transfer at the same time in order to create greater interaction between the transactions avoiding some unwanted investment by creating a type of security for it.

Protection: Avoid any type of huge servers that contain large equipment for the security of the same currency when having a transaction, this would avoid excessive energy expenditure as they are in some high value currencies in the digital market.

Speed: Create a transaction speed above any cryptocurrency based on new technological methods that can be created under a system of the same, so it seeks to at least exceed 5,000 transactions per second.

Operability: Allow to have transactions not with their frequent scenarios such as users who exchange among themselves and create a sustainable system, but also seek to connect with other networks and offer new opportunities for operation in conjunction with users.

Could it surpass Blockchain technology?

Seeks the reduction of any type of requirement to operate a transaction that needs to be verifiable, Solana, how innovative is with its methodology, takes a protocol called history test that makes the calculation of high speed more than the currencies that use the Blockchain system.

It has also found the ability to provide a certain binary ability for the execution of high speed transactions without issuing or requesting any resources. So it very quietly paralyzes unnecessary processes.

Acquires the possibility of reducing the times for higher transactions per second, this makes solana improve in scale for each transaction made at the moment.

Improved transactions when validating

The wonderful thing about this methodology that distributes a large transaction to the validators who are in charge of observing directly. However, the speed is so fast and efficient, imagine that it is sent before they have validated any of these transactions and there is one more list of batches to validate.

It exclusively mobilizes the confirmations of the exchanges made at the moment in a continuous manner and without any pause that could harm a transaction due to some type of internal freeze.

How much has Solana grown in 2021?

Its initial price was $1.6, it could be raised up to 120 times its own price. It is estimated that it will continue to grow, as they will launch at least 490 million token called solana for their immediate interaction, exciting buyers.

However, their announcement was interesting because they later broke the news that there are at least 260 million of these tokens spinning in the broad market.

What projections does solana have for 2022?

One of the most obvious projections that has been discussed in the term of the market is that it becomes top in the most commercial and most accessible currencies of the digital financial system due to its security, speed and cost.

Although it is known that today its price is around $200, it has been determined that in the best of cases this would be its scale for its next year due to its innovative method to the token.

Many of the people have gone to Solana for everything it offers, however studies show that everything does not seem to be painted pink, since for the beginning of January it is forecast that the currency would possibly reach a sudden fall and its cost would be $159.

Although it would clearly be in the worst of cases, because on the positive side it could reach $400 before the end of December arrives. Getting at least 3000 transactions per second.

Solana may surprise us more

However, the speed and capacity of the currency together with the ambition of the developers and collaborators do not stop there. They estimate that the currency will be able to obtain at the end of the year 2022 and during the same the value maintained at approximately 500 dollars. Of course adding all the new updates that would make Solana.

So the average rate would be set at 400% at its peak if they manage to lead the cryptocurrency to make 50,000 transactions per second.

It seeks to be the cryptocurrency that does not use a fixed Blockchain system and also greatly exceeds the most quoted currencies on the market. Surely in the middle of the year it would be crowned as the most valued cryptocurrency of that moment.

It would be placed as one of the most ingenious currencies, created with the possibility of imminent advances to the improvement of encryption in binary mode. Not counting the diversity of your system, providing yourself with more information, creating more ways of a direct transaction thanks to the combination of tests.

It will be possible to observe how many coins in that year will want to follow the guidelines of this new token. Despite a year of being out, it has proven to be safer, faster and more sustainable in any of the aspects based on a common and current cryptocurrency.