How to Deploy and Build Smart Contracts on Solana

Solana was introduced by Anatoly Yankovenko in 2017 in an effort to solve scaling problems in existing blockchains. Solana is capable of processing up to 71,000.00 transactions per second using a standard gigabit connection, as long as transactions don't exceed 176 bytes. With its great capabilities and innovative features, Solana emerges as the fastest-growing platform.

The platform is designed to encourage growth and frequency-oriented decentralized applications. This is essential for setting up a permissionless banking system. Solana blockchain boasts over 400 projects, including Web3, DeFi, NFTs, and others.

Solana's proof-of–history consensus is a first step in achieving high speed and scalability. It has a strong position among the most performant blockchains. Solana is constantly expanding and adding new projects.

What is Solana exactly?

Solana is an open-source decentralized blockchain ecosystem. It was created to address the congestion issues and scalability issues in existing blockchains. The blockchain is designed to increase scalability and provide faster confirmation times as well as high transactions per second (TPS). It's an open-source project, incorporating revolutionary technologies from Intel Netscape Google, Qualcomm, and Google to help Solana keep its high-performing standards. You can read our entire insight about Solana.

What is the Architecture of Solana Smart-Contract?

Solana’s smart contract model is different than traditional EVM-enabled cryptos. Traditional EVM-based contracts combine state and code into one contract that is then deployed on-chain. The smart contract on Solana is read-only and stateless but contains program logic. External accounts can access the smart contracts once they are deployed. These accounts can interact with the program to store program interaction data.

This allows for the logical isolation of state (accounts), contract logic, and programs (programs), which is an important difference between traditional EVM and Solana smart agreements. Accounts on Solana, and other blockchains such as Ethereum, are also very different. Solana accounts store data (like wallet info) while Ethereum accounts only provide references to wallets.

Solana is also equipped with a JSON RPC (CLI) and a JSON RPC (API) to allow DApps to interact with Solana. Decentralized applications may also use existing SDKs in order to interact on Solana with the blockchain or programs.

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