How does Transformers compare with Solana? Focusing on the challenges and solutions
Transformers and Solana are both high-performance blockchain platforms that aim to provide scalable, secure, and decentralized solutions. However, they approach these goals in different ways, each with their unique challenges and solutions.
Transformers
Transformers is a decentralized public chain system. It requires all delegators and validators in the network to lock a certain number of TFSC (Transformers’ native token) to participate in the network. This staking mechanism increases the cost for a small number of people to operate the Transformers network, effectively preventing malicious nodes from exploiting the network.
The stake is continuously growing to ensure the network’s security. When participating in the Transformers network, it’s important to understand the rights and benefits of all roles on the web. This helps the network become faster and smoother, and allows participants to gain relevant rights and benefits.
Solana
Solana is a public blockchain platform that supports smart contracts and the creation of decentralized applications (DApps). It aims to increase scalability compared to other blockchains without compromising decentralization and security.
Solana has been able to achieve an average transactions’ throughput of about 2812 TPS (transactions per second), with fees paid by users for transactions confirmed being much lower than those on other blockchains that support similar functions.
Challenges and Solutions
Both Transformers and Solana face challenges in achieving their goals. For Transformers, all delegators and validators in the network, in their default state, do not have any interests and cannot participate in any work of the Transformers network. They need to lock a certain number of TFSC to obtain relevant interests in the Transformers network.
On the other hand, Solana faces competition from emerging projects in the blockchain space. To stay ahead, it must continue to innovate and evolve. One such innovation is Solana’s new “state compression” technology, which dramatically decreases the cost of storing data on-chain.
In conclusion, both Transformers and Solana are striving to provide scalable, secure, and decentralized blockchain solutions. They each have their unique approaches, challenges, and solutions. As they continue to evolve and innovate, they contribute to the advancement of blockchain technology.