Key Points:
The testnet is fully integrated with the decoupled Solana Virtual Machine, SVM, which is a leap forward in improving compatibility with Ethereum fraud proofs. This breakthrough allows the SVM-based Rollup implementation to work seamlessly with fraud detection native within Ethereum while extending its functionality into the broader decentralized ecosystem.
Read more: Neon EVM Adopts Network Extensions to Redefine Solana’s Product Categories
According to the latest benchmark tests, the Solana Optimistic Network scaled a stunning 30,000 TPS with block times as low as 50 milliseconds. Such performance indicators position SOON among blockchain solutions in their capability to process high-volume transactions without significant delays. This indicates that SOON may be one of the solution options for scalability problems that both the Solana and Ethereum networks face today, allowing dApps to perform better on the SOON network.
The “co-builder” round was closed in August this year and included prominent crypto industry participants such as Lily Liu, the chairman of the Solana Foundation; Anatoly Yakovenko, one of the co-founders of Solana Labs; and Jonathan King, head of Coinbase Ventures. This strategic investment furthered SOON’s prospects of becoming a high-impact blockchain solution maker and reaffirmed its mission to build scalable, high-performance blockchain solutions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
This website uses cookies.