Blockchain Technology

Why are we using Solana? We have found many benefits to do so as detailed below:

Ease of use: Solana has been built with flexibility in mind, which perfectly fits our use case with Asset tokens, also cheap and fast transactions.

The Solana token can be used for voting within projects based on this blockchain. Another use of the token comes down to Staking, which is part of the PoS consensus mechanism.

Some users are calling SOL the killer of ETH. Some facts why we chose SOL instead of ETH:

Not only is SOL faster than the Etherium network, but it's also noticeably cheaper. In early 2022, the transaction fee on Ethereum was $32.95. Inside Solana, users paid $0.00025 per transfer. Solana is a particularly convenient option for NFT collectors, who have to give up tangible amounts of commission in Ethereum.

The Solana ecosystem is expanding much faster than most competing blockchains. More projects are being launched based on Etherium. But many of them inevitably face the problem of poor scalability, expensive transactions, and low network bandwidth. Solana has managed to overcome these problems and so it has become one of the top 20 blockchains by market capitalization in a year.

Solana is one of the best decentralized networks for creating NFT solutions, DeFi projects and smart contracts. This advantage is achieved through the use of the LLVM system and the Rust programming language. Developers get the opportunity to transfer various applications and computer protocols from other blockchains to Solana as quickly and comfortably as possible.

High level of environmental friendliness. The PoS consensus mechanism requires significantly less computing resources than PoW. This means that much less power is used when using Solana.

All these advantages make Solana a popular blockchain with the prospect of stable capitalization growth. That's why we chose Solana Blockchain as the first and main blockchain for the entire HAMSTAVERSE ecosystem and its future projects.

Multiple Blockchains??? NEAR? POLYGON? ETH?