<aside> 📜 TABLE OF CONTENTS
<aside> 💎 OUR COMMUNITY
Solana VM is poised to revolutionize the landscape of decentralized applications by building upon the foundations laid by Ethereum, the predecessor to Solana. Ethereum introduced the concept of developer-friendly smart contracts, enabling a multitude of decentralized applications to flourish worldwide. However, challenges such as high transaction costs and limited network performance prompted the evolution towards Ethereum 2.0.
While Ethereum remains the dominant force in the DeFi ecosystem, Solana VM offers a compelling alternative. By harnessing the unparalleled speed and scalability of the Solana blockchain, Solana VM bridges the gap between Ethereum and the future of decentralized finance. With Solana VM's enhanced transaction throughput, decentralized applications can operate faster and more efficiently, unlocking new possibilities for developers and users alike.
Our vision at Solana VM is to provide a seamless transition for developers familiar with Ethereum's ecosystem. By integrating the Ethereum Virtual Machine (EVM) into the Solana blockchain, we empower developers to leverage their existing skills and infrastructure within the Solana ecosystem. This integration not only enhances the performance of decentralized Ethereum applications but also reduces transaction fees, making DeFi more accessible to a broader audience.
In essence, Solana VM represents a paradigm shift in decentralized application development, offering unparalleled speed, scalability, and cost-effectiveness. Join us as we redefine the future of decentralized finance and empower developers to build the next generation of groundbreaking applications on the Solana blockchain.
Achieving near-instant confirmation for electronic payments is a crucial aspect of modern financial transactions, and Solana VM excels in this regard.
Blockchain technology eliminates the need for centralized intermediaries by enabling peer-to-peer electronic payments. When a transaction occurs, network participants, known as nodes, validate and record the transaction on the blockchain, ensuring its security and immutability.
One of the key challenges in blockchain technology is synchronizing nodes across the network. Nodes, distributed globally, vary in data processing capabilities, impacting the speed at which they synchronize. This synchronization directly influences the transaction throughput of the blockchain.
Through rigorous testing, Solana VM has demonstrated an impressive transaction throughput of over 5,000 transactions per second, with block times as low as 400 milliseconds and transaction fees as minimal as $0.00001.
This exceptional performance is made possible by Solana VM's innovative approach, leveraging GPU utilization, transaction parallelization, and groundbreaking technologies like Proof of History (PoH) and Gulfstream. These optimizations enable Solana VM to achieve speeds of up to 60,000 transactions per second, with theoretical limits reaching as high as 710,000 TPS on standard gigabyte networks.
In choosing Solana VM, we embrace the unparalleled scalability and performance offered by the Solana ecosystem, allowing us to focus on developing innovative solutions within our ecosystem. Solana VM represents the culmination of Solana's pioneering technology and our commitment to pushing the boundaries of decentralized finance.
The main technologies that make Solana so productive and efficient compared to other blockchains are:
SolanaVM establishes direct interaction with Solana nodes to execute transactions. This integration harnesses Solana's high throughput, rapid block times, and minimal gas fees for the benefit of Ethereum contracts.
The ecosystem includes the following participants:
User: Anyone who holds an SVM with a balance in SOL or ERC-compliant tokens (such as ERC-20, ERC-721, or ERC-1155).
Operator: Operators who run the SolanaVM Intermediate, providing a public endpoint for processing SolanaVM transactions. They levy a fee for the execution of these transactions, which is designed to cover the costs of hardware, transaction processing, and to generate profit.
DApp: Refers to any application that utilizes a client compatible with SolanaVM. This includes applications with EVM (Solidity, Vyper, etc.) bytecode contracts deployed on SolanaVM within the Solana ecosystem.
Transaction: A transaction similar to those on Ethereum, formed and signed following Ethereum's established rules, now compatible and executable within the SolanaVM framework.