Why we chose Solana
Symmetry products are built on Solana blockchain.
Solana provides cheap, fast, secure and censorship resistant blockchain infrastructure that is ideal for building high quality decentralized products that require smooth and seamless user interactions while maintaining its security and low latency.
- Supporting 50,000 transactions per second (TPS)
- 400 millisecond block times
- $0.0001 network fee per transaction
- Does not require sharding
Solana is expecting to reach 1 million TPS with 150 millisecond block times in a foreseeable future.
In October 2020, Solana announced Wormhole, a secure and decentralized bridge to Ethereum. Wormhole, the product of a partnership with Certus One, will be first of many decentralized cross-chain bridges on Solana.
Wormhole allows existing projects, platforms, and communities to move tokenized assets seamlessly across blockchains to benefit from Solana’s high speed and low cost.
Developers can employ Wormhole to access the high-speed and low-cost benefits of the Solana network instead of rewriting their codebase for Solana. Note also that any ERC20 can be wrapped as a Solana Program Library token.
Builders need not constrict themselves to a single chain if they wish to leverage the community of one chain with the performance of another.