7.4 Scalability and Performance

As per Solana’s whitepaper, the Blockchain network is capable of

achieving a throughput up to 710K transactions per second with

modern hardware, if the transactions, on an average, are not more

than 176 bytes. So far, it’s tested up to 50,000 TPS and, with

adequate configuration, can scale even higher.

7.5 Development

Solana smart contracts are known as programs that can be written

either in the C, C++, or Rust programming language. Once written,

the program can be deployed on Blockchain.

For transactions and queries, we can interact with a Solana node

from a JavaScript client application, and use the solana-web3.js

library, that can connect through the RPC methods.

Solana can be tested on Devnet and Testnet before deployment to

Mainnet.

7.6 Wallet

Solana comes with many different types of wallet options as

hardware, web, or mobile. Trust is a Solana wallet that works on iOS

and Android. Exodus is another multicurrency wallet that not only

works on iOS and Android but also on Mac, Linux, and Windows.

Sollet is a wallet completely confined to the web. The options are

many more.

7.7 Live Projects

Some of the important projects on Solana are as follows:

Raydium: Automated market maker to enable lightning-fast

trades

Serum: Orderbook based exchange

Saber: Stablecoin exchange

Orca: Cryptocurrency exchange focussed on user-friendliness

Oxygen: DeFi brokerage protocol for trading assets