Top 3 Main IDO Platforms on Solana

The main hurdles many of the current blockchain solutions stumble on have to do in some way with the scalability aspect. In short, scalability allows for unimpeded expansion of the network that doesn’t inhibit its ability to function according to the original intent. This invisible but rather crucial wall is one of the most muddling aspects of cryptocurrency adoption. This is one of the main reasons for an array of forks that happen with Bitcoin and Ethereum blockchains - dislodge the load from Bitcoin. The approach however doesn’t heal the malady but instead only treats the symptoms.

Why is scalability important? Let’s take the most hackneyed example of using cryptocurrency as the main financial means. Because of the limitations in the ability of the network to scale, there is a tight and confined throughput that the blockchain is capable of. What it means in basic terms is that blockchain that doesn’t scale well with the exponential growth of use becomes very slow and inefficient which entails all sorts of issues including low TPS (transactions per second). TPS is a crucial link in the current cryptocurrency market climate. Not only as a marketing gimmick that many start to exorbitantly utilize without a rightful warrant for that but also as a viability facet of cryptocurrency becoming a global financial baseline for financial dealings.

In modern realities, however, many projects have set out to propose their visions and methods of battling the scalability issue headfirst. We can already see some groundbreaking solutions being propounded including the ones that profess even toppling the very Blockchain structure itself with introductions of completely new conceptual ideas like IOTA’s tangle or Hedera’s Hashgraph.

Creating a completely new and norm-shattering Blockchain alternative from the ground up takes not only a valiant amount of effort but also an unimaginable amount of time. This is why the above-mentioned projects are still in the active but not yet finished development stage.

Today, however, we will look at one of the most promising Blockchains on the market that has already spawned widespread attention - Solana. Solana-based projects have only begun their rise and flourish as crypto enthusiasts and developers started to notice irrefutable benefits of Solana Blockchain compared to the current set of choices.

So what are the most palpable advantages of Solana?

Trustless and completely decentralized.
Ditches obsolete PoW consensus in favor of more secure and less exploitable PoS.
One-of-a-kind Proof of History (PoH) system that enables the coveted scalability to be attained. It is achieved by hashing transactions using the SHA256 hash function. Solana takes the output of a transaction and uses it as the input for the next hash. The order of the transactions is now inbuilt into the hashed output.
Pipelining. Streamlining transaction processing which allows for faster validation.
Distributed ledger storage called Archivers.
With Solana becoming a formidable player on the cryptocurrency scene, there is a growing demand for Solana-based projects being launched in a safe and secure environment that ensures for both retail investors and fundraising projects a proper Launchpad platform.

Let’s look at some of the most popular and upcoming choices available on Solana.