Photo and text | Xingchen 2024.7.5
Web3 in My Eyes Issue 7
Solana has recently made its presence felt.
SOL briefly broke through $150 .
One is that the asset management agency VanEck submitted the first Solana ETF application to the US SEC.
If SOL passes the ETF, it will become the third digital asset to launch an ETF after BTC and ETH.
Of course, it is still unresolved, controversial and far from over .
Another is the launch of Blinks and Actions, developed by the Solana Foundation in collaboration with the Solana development shop Dialect.
Allow people to conduct blockchain transactions directly on the websites and social platforms they use every day, such as purchasing NFTs, rewarding creators, receiving money, voting, staking, exchanging, and more.
For example, it’s like putting a shared yellow car on Weibo .
I went to try it out and it was indeed very convenient . I could interact directly on the chain on Twitter, such as purchasing or exchanging on Dex and Jupiter in the Solana ecosystem.
The prerequisite is that you need to install a browser plug-in for Solana wallet such as Phantom or Backpack.
Steps : Install the Phantom wallet browser extension—> Open Phantom—> Click Settings—> Find experimental features—> Open actions on X.
After that, when you see the Blink link in X, you can directly call up the wallet for interaction.
Solana
1) Track: Public chain Layer 1, Non-EVM
2) Founder/Time: Anatoly Yakovenko in 2017
3) Consensus mechanism: Proof of History (PoH) and Proof of Stake (PoS) hybrid consensus mechanism
4) Market performance: front row of public chains, center of Memecoin craze
5) Nickname: Ethereum Killer (Provocative Version)
6) Dark history: FTX, downtime incident
7) Financing: US$300 million (data from RootData)
Action & Blink
1) Official introduction:
https://x.com/saydialect/status/1805588148212424901
2) Permissions: Currently, you can only apply for Action by filling out the form in Dialect and waiting for 3 working days for review.
Only Blinks from registered partners will be expanded directly in X.
It is said that there are currently more than 50 whitelist partners, most of which are projects in the Solana ecosystem.
Users must choose a wallet that supports Actions and Blinks, such as a Solana ecosystem wallet like Phantom or Backpack.
3) Currently only available on the web , not on mobile.
4) Currently, Solana’s Blink is compared with Facast’s Warpcast and TON’s MiniApp.
As social attributes , it also promotes the large-scale adoption of Web3 .
5) Regarding security, Actions and Blinks are currently still application-based, but we do not rule out the possibility of fully opening them up in the future.
There will be more projects or social platforms supported in the future, and security issues cannot be predicted, so you still need to be more careful .
Solana has achieved relatively good overall results in the public chain arena.
The transaction speed is fast and affordable, the market capitalization is at the forefront, there are many developers and a rich ecosystem. It has also made itself a Memecoin fanatic and has good market exposure.
Although there have been some bumps along the way and it has received a lot of complaints on the technical level, such as doubts about the degree of decentralization, high operating costs, and several system outages .
But no one denies that Solana has indeed brought continuous new attempts and new ways of playing to the blockchain.
When the new public chain dark horse Aptos appeared this year, some people regarded it as the next Solana, which also indirectly proves Solana's status.
The current market dilemma is that there are more public chains than applications .
However, the development of public chains also shows a trend of diversification and specialization .
The track was packed and the competition was fierce.
Whether it is Solana, Facaster or TON mentioned above, or the numerous public chains now or in the future, I hope you will compete more, have fun, and strive to bring more new users to the crypto world.
While ensuring security and decentralization, it brings more surprises to users and the industry.
Everyone can watch a show and make money.
Finally, there are two questions:
1) What do you think of SOL? Welcome to leave a message
2) What will we talk about next? Welcome to leave a message
Finally, I would like to ask for your approval, please like, forward, collect and comment .
above.
Good night.
References:
1) Solana official website:
https://solana.com/
2) Dialect official website:
https://www.dialect.to/
WeChat public account: BitGravity
Xingchen WeChat: iammm001
Telegram community: https://t.me/bitgravity
Twitter/X: https://twitter.com/biteyinli
