Tencent Cloud Blockchain RPC Supports Sui, Now Covering Over 20 Blockchain Networks
This partnership will facilitate the growth and adoption of the Sui ecosystem by providing developers with the necessary tools and resources.
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Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
This partnership will facilitate the growth and adoption of the Sui ecosystem by providing developers with the necessary tools and resources.
Hashoni cautioned that the high buying activity from large wallets could potentially lead to a pullback, as whales require sell pressure to accumulate more Bitcoin.
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