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Polygon Vs. Solana – What’s the Difference?





It’s common for traders to want to know the differences between Polygon (MATIC) vs Solana (SOL). Both of these projects provide developers with a flexible network to build on and both have their eyes on solving some of the key issues with Ethereum at the moment. As such, these protocols are often compared by traders. Here’s everything you need to know about Polygon (MATIC) vs Solana (SOL).

What is Polygon?

Polygon (MATIC) is a developer-centric blockchain that was designed to alleviate some of the biggest issues faced by that community today. The protocol was launched with the goal to one day function as Ethereum’s “Internet of blockchains.” The developers realized early on that there were to be thousands of Ethereum-based blockchains operating in the market.

Each of these networks operated in a singular fashion, which limits their capabilities and hinders developers’ operations. The system provides a reliable and secure infrastructure for creating Ethereum-based blockchains. The design also helps to connect these networks in a seamless manner.

Polygon (MATIC) Benefits – Polygon (MATIC) vs Solana (SOL)

Polygon is well recognized in the market at this time. The protocol has gained a significant following due to its zero-gas transactions model and scalability. The protocol also integrates Custom wasm execution environments and a variety of tools that developers can leverage to improve their productivity and final results.

What is Solana?

Solana is a third-generation blockchain that can support the latest DeFi features. The network provides high-performance via a secure and open infrastructure. The developers put special attention towards making the protocol scalable. The goal of the project was to improve the blockchain development process and eliminate the bottlenecks and other issues that Ethereum develops face daily.

Anatoly Yakovenko founded Solana in 2017 during the first crypto breakout. This year saw both Ethereum and Bitcoin suffer from crushing congestion that caused both networks to grind to a halt. There is no doubt that these scenarios helped to motivate Yakovenko and his team. Today, the protocol lists Greg Fitzgerald and Eric Williams as major components of the team.

What Problems was Polygon Built to Alleviate?

One of the premier problems that Polygon was designed to eliminate was slow transactions due to scalability concerns. The network tackles this problem through the introduction of a more efficient consensus algorithm. This scalable consensus system enables users to avoid the ridiculous gas fees found on Ethereum currently.

Another major issue that Polygon seeks to alleviate is developer onboarding. The network tackles the problems in multiple ways. For one, the protocol provides full interoperability with the Ethereum ecosystem. Develops can leverage all of their favorite tools. This way, developers never have to learn new code and can convert or expand their Ethereum-based Dapps to Polygon and provide a better UX for all.

Not Enough Flexibility

Ethereum has long been the go-to protocol for DeFi networks. However, it’s a second-generation blockchain that is limited in its scalability and capabilities. Developer restrictions such as a non-customizable tech stack have caused headaches for developers in the past. Polygon introduces a highly customizable protocol that is more cost-efficient than competitors.

What Problems was Solana Built to Alleviate?

Solana was designed to provide unmatched scalability to the market. The protocol leverages a proprietary architecture to make this possible. Notably, Solana is capable of 29,171 transactions per second. When compared to Ethereum’s 15 tps, it’s obvious why a developer would choose to migrate their protocols to Solana. Solana’s developers solve this problem by enabling transaction throughput to scale proportionally with network bandwidth.

Solana (SOL) Homepage

Solana (SOL) Homepage


Solana helps to provide more decentralization in the market. Unlike Polygon, Solana seeks to compete with Ethereum directly rather than enhance its ecosystem. This competition is needed to help keep innovation up and fees lower. Solana provides decentralization through the use of a custom-built blockchain.

How Does Polygon Work?

Polygon eliminates the technical barriers associated with blockchain creation on the Ethereum network. The protocol introduces One-click deployment which makes the entire process as simple as possible. The network also provides access to a growing number of modules that streamline development further.

These modules include the most important aspects of blockchain creation. For example, there are modules that cover consensus, staking, governance, EVM/Ewasm, execution environments, dispute resolvers, and much more. This plug-and-play style of blockchain development opens the door for large-scale adoption of the technology.

Polygon Protocol

The network introduces the messaging system that enables Ethereum-based networks to communicate directly. The protocol leverages Polygon’s unique multi-layered structure. The network has four separate layers that work together to provide fast transactions and smart contract execution.

Notably, there is a layer that operates like Ethereum to provide a seamless conversion for developers. This layer handles staking and finality. It also is the main protocol responsible for inter-blockchain messaging. The security layer handles validation services and validators.

How Does Solana Work?

Solana also leverages a unique structure to provide secure and scalable decentralized services to the market. The protocol leverages a system called Turbine that operates as a broadcasting system. Solana also integrates parallel smart contracts on its proprietary Sealevel protocol. This structure enables the network to execute thousands of smart contracts at the same time which expands its scalability considerably.


Cloudbreak is the accounts database for the network. This system is more advanced than its predecessors in that it can read and write data at the same time. This strategy helps to eliminate congestion further and improves the network’s overall efficiency. Cloudbreak works with Archivers. Archivers are nodes that store the ledger. They also provide this information to the rest of the network when requested.

How to Buy Polygon (MATIC) and Solana (SOL)

Currently, Polygon (MATIC) and Solana (SOL) can each be purchased on the following exchanges.

Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from purchasing most tokens. Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.  This exchange currently accepts International & United States residents.

Polygon (MATIC) Vs. Solana (SOL) – Top Options for Developers

Polygon and Solana provide another layer of efficiency to the market. These protocols help to drive blockchain adoption by simplifying the creation of these networks. You can expect to hear a lot more from both of these systems as they have their respective niches in the market. As such, both may be wise to integrate into your crypto trading strategy moving forward.

To learn more, make sure to visit our Investing in Polygon and Investing in Solana guides.

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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet




Tulip Protocol Officially Integrates Chainlink on Solana Mainnet

Today, Tulip Protocol made the announcement that they have integrated Chainlink Price Feeds in order to better secure their yield aggregating platform that is running on the Solana mainnet. The team had previously stated their intention to integrate Chainlink Price Feeds, and at this point, the connection has been completely put into action. Chainlink is the premier decentralized oracle network in the world, safeguarding tens of billions of dollars in smart contracts. It has diversified its offerings across other blockchains, notably Solana, Fantom, Polygon, BNB Chain, and others.

In a recent blog post, the team behind the Tulip Protocol explained that they had integrated Chainlink to provide users with more confidence that leveraged positions will be liquidated equitably using extremely accurate price data and that the protocol will continue to be completely collateralized at all times.

According to Tomasz Wojewoda, Head of Global Sales at Chainlink Labs:

“We’re pleased that Tulip Protocol has integrated Chainlink Price Feeds on Solana, helping secure its yield aggregation protocol with highly robust, decentralized market data. With the high-throughput performance of Solana and the strong security guarantees of the Chainlink Network, Tulip Protocol is able to empower users with a performant and secure platform.”

Tulip Protocol Seeks To Take Advantage Of Solana

Tulip Protocol brings together lenders who receive a return on their deposits and borrowers who are interested in gaining access to leverage. Users who initiate leverage positions are responsible for maintaining a loan-to-value (LTV) ratio that has been previously established. The Tulip Protocol then uses the asset price data that is provided by Chainlink Price Feeds to verify that this ratio is accurate. If the value of the collateral falls below the threshold that was established by the protocol, then their position will be immediately liquidated to assist in guaranteeing that the lenders will be repaid.

Tulip Protocol intends to capitalize on Solana by giving users the ability to more regularly reinvest their income and grow their assets without having to pay exorbitant amounts of gas expenses. Chainlink oracles can now be natively integrated on Solana, making it possible for Solana-based applications to benefit from enhanced levels of security and transparency. Yesterday, OpenOcean made the announcement that they would be integrating Chainlink Price Feeds in order to help secure the limited order functionality on many chains. These chains include Avalanche, Ethereum, Polygon, Fantom, and BNB Chain.

According to Senx, Co-Founder of Tulip Protocol:

 “We’re excited to be using Chainlink Price Feeds on Solana to help secure our yield aggregation platform. By leveraging the most secure and reliable on-chain data available, we’re able to provide our lenders and borrowers with greater assurances that liquidations are based on accurate price data, and the protocol will maintain a healthy loan-to-value ratio through all market conditions.” 

Allowing Stakers To Benefit From Higher APYs

Natives of the blockchain as well as newcomers to the technology are beginning to understand that decentralization does not necessarily equate to a secure platform. Given that Web3 services are currently disclosing their susceptibilities to attacks from both within and outside the network, further initiatives should be undertaken to improve the safety of user assets. Fortunately, a growing number of blockchain businesses are beginning to add various levels of security to their services in order to solidify the trust of their existing customers and attract additional investors in the near and distant future.

Tulip Protocol is the very first yield aggregation platform to be built on Solana, and it features auto-compounding vault techniques. The dApp was developed to make use of Solana’s blockchain, which has a low cost and high efficiency, hence enabling the vault techniques to compound frequently. Stakeholders are able to reap the benefits of greater APYs as a result, without the need for active management.

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Is your SOL safe? What we know about the Solana hack




On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack.

To kick things off, we broke down the latest news in the markets this week:

Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. When will we finally break out of this price range and make the move towards $30K?

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report, “Greater clarity” around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. Is the ETH merge finally around the corner and will it bring new all time highs to ETH or has the price already been factored into the current price?

Circle freezes blacklisted Tornado Cash smart contract addresses, Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Could this mark the end for Tornado Cash or is there a way they can redeem themselves?

Next up is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Have some funds ready to buy further downturns.

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go over some markets news to bring you up to date on the latest regarding the top two cryptocurrencies.

After Marcel’s market analysis, our resident experts discuss whether your SOL is safe and the latest updates on the Solana hack. We also discuss why the network has been victim to so many hacks and downtimes. What exactly do these exploits mean for the Solana platform and if you should be worried.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a 1 month free subscription to markets Pro worth $100!

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.

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Web3-Based ZepetoX to Build on Solana




Web3-Based ZepetoX to Build on Solana

Singapore, Singapore , Aug. 09, 2022 (GLOBE NEWSWIRE) — Today, the ZepetoX team (ZTX, announced its foray into the web3 space, sharing its vision to build an open world that empowers creators and communities to build, play and earn.

ZepetoX is the crypto metaverse initiative jointly incubated by ZEPETO – Asia’s largest metaverse platform with over 320 million registered users – alongside leading global blockchain organizations including Jump Crypto.

As the sole blockchain project comprehensively backed by ZEPETO, ZepetoX will have exclusive ties to ZEPETO in terms of IP including technological, design, and content assets as well as bridges to facilitate user onboarding between the two platforms. ZepetoX’s blockchain development efforts will be advised by Jump.

“ZepetoX is our official venture into the blockchain industry. We feel that web3 opportunities should be advanced through a crypto-native approach, which is why we are excited to have Jump as a contributor to developing a new platform that would have exclusive connections to ZEPETO. Overall, we believe that ZepetoX can build the ideal web3 platform to not only bring blockchain to our existing users but also to expand our footprint in the blockchain space through various disruptive initiatives,” said Daewook Kim, CEO of Naver Z – the operating entity of ZEPETO.

“We are excited to support ZepetoX’s efforts aimed at onboarding new audiences into the rapidly growing crypto space. ZEPETO’s expertise and technological know-hows accumulated over the past years from building an immersive social platform will serve as a springboard for ZepetoX,” said Saurabh Sharma, Partner at Jump Crypto.

Building on the Solana network, ZepetoX will offer a web-based 3D open world with varying levels of gamification integrated as well as opportunities for users to monetize via ownership of digital assets and social interaction. Ultimately, ZepetoX aims to empower self-expression through customizable avatars and lands that can be equipped with NFTs from a rich collection of assets created by diverse creators, DAOs, or communities.

“I am thrilled to see IP powerhouses like ZepetoX choosing to build their metaverse on Solana,” said Anatoly Yakovenko, Co-Founder of Solana. “Projects like ZepetoX create new pathways for onboarding millions of users to web3.”

“Our global team brings a depth of crypto native experiences and our goal is to build on the foundation of ZEPETO to spearhead the adoption of blockchain among metaverse users, developers, and creators,” said co-CEO of ZepetoX, Chris Chang.

In the coming months, ZepetoX will launch its first land sale. The lands will be tradable on the ZepetoX marketplace, which will feature a variety of different NFTs as the open world project evolves. Further details on the sale will be available on the ZepetoX website in the coming weeks.

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About ZepetoX: ZepetoX (ZTX) is a web3 company building an immersive content-driven platform for users to create, trade digital assets and enjoy social interaction. Founded in 2022, ZepetoX is the blockchain initiative of ZEPETO, widely regarded as the largest Asia-based metaverse platform boasting over 320 million lifetime users with over 2.5 billion virtual fashion items sold.



News Via KISS PR Crypto Press Release Distribution Media Contact

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