Thor Hartvigsen, a DeFi researcher and Business Development professional at Redacted Cartel, shared a detailed analysis into the potential of Solana to achieve mass adoption today. Hartvigsen’s examination focuses on the technical aspects and key developments (apart from price speculation) within the SOL ecosystem that might pave the way for its widespread acceptance.
Parallel Execution, Solang, Eclipse And Neon
A significant feature of Solana is its ability to process multiple transactions concurrently through ‘parallel execution’. This method stands in contrast to the sequential processing found in many other blockchains like Ethereum.
Hartvigsen notes, “This parallelism in processing ensures that activities like large NFT mints, which might spike transaction fees, do not adversely affect the cost of transactions for DeFi users, as these are handled in separate threads.”
Solang, a compiler on Solana, is another crucial element to reach mass adoption. It enables developers to build decentralized applications (dApps) using Solidity, which is commonly used for Ethereum Virtual Machines (EVMs). This compatibility potentially eases the transition for developers from EVMs to the Solana Virtual Machine (SVM).
Eclipse, a layer-2 rollup slated for release on Ethereum later this year, is also poised to become a major building…
