Steemit Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @nikoyana

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Greetings steemians, it's such a great time and honor to be part of this great contest theme on our favorite blockchain network.
This is a great aid in bringing out the minds of of steemians on their favorite blockchains including its advantages and shortcomings.

Bitcoin keeps it's track record as the first blockchain to be utilized after the prior propositions of others in 2009. Following the inception of bitcoin have been many others which have left choices to users and developers of these blockchains . Personally I'll be sharing my thoughts on my preferred blockchain and I hope it sinks good

My Favorite Blockchain

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My favorite blockchain network among other networks is solana ,and I would like to bring up depths of its history and several explanations inclusive .

Solana could be backdated to 2017 when Anatoly yakovenko, Eric Williams, Greg Fitzgerald inclusive others detailed a whitepaper detailing the functionality of the solana blockchain based on the proof of history (PoH) which we all know and see as an advancement of the proof of stake with great features like processing over 700,000 transactions per second and solving further scalability issues.

Solana is seen to be an open source project which is very functional and utilizes a new seamless and highly scalable layer-1 blockchain. The structure of this blockchain allows for facilitation of smart contracts and further enhancement of smart contracts spreading into decentralized finance networks as well as NFTs to work with

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This blockchain network works through the Proof of history (PoH),a series of calculation works that affirms the taking-place of an event at any point in time on the network.

The network more so makes use of the Tower Byzantine Fault Tolerance (TBFT)to improve security and more efficient validation of transactions on the network. Getting consensus is more so ,another important function of the tower byzantine fault tolerance .

The Solana native token is seen as the SOL token which allows for user staking as well as governance on the blockchain as well as transfers of value .
It's value is seen at $95.94 as at time of research and other analysis about it is seen in screenshots below

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Early Solana's shortcomings

Every great blockchain would surely have one or more weakness at the beginning but then it's left to them ,to work on it and the Solana blockchain isn't an exception to that.

There were early shortcomings to the solana blockchain and they included that :

• Firstly the blockchain due to its reputation of solving the blockchain trilemma got so many tongues wagging ,that they had weak security since they hadn't face serious challenges like other big blockchain networks like bitcoin but in the midst of this ,the blockchain network makes use of the proof of history protocol to keep the blockchain optimum secured

• There were also rumours /challenges of the solana blockchain being centralized since over 60% of tokens are owned by shareholders and owners of the project but all financial events and transactions on the network, takes place with the SHA256 function .

What Changes to make Solana better

A steep look, into the solana blockchain would point out several factors that would, create better user base and network stability in the blockchain and some of such points include that :

Firstly, an increase in the circulating supply of solana tokens would give users a fully decentralized thought of the solana blockchain and encourage more investors and users to own blockchains

For example, users say that on the solana blockchain ,the whale effect is so clear in that ,whenever investors and others that have great hold of the market make financial decisions, token value is affected in the process.
So ,more tokens in circulation, a more guarantee that the system is utmostly decentralized and more investors and use of the blockchain.

Moreso, several attractive features which would bring the interest of investors remain on their not-yet launched Mainnet-Beta version and so once this version is launched, the sky would be the limit for a blockchain like solana

Finally, the huge hardware setup cost of solana should be worked on so as to create a user and financial friendly interface with users of the blockchain

Projects Built on the Blockchain

In consideration of projects built on the solana blockchain, we'll see projects like star atlas ,raydium, serum ,audius etc but I'll be taking the Star Atlas basically

The Star Atlas project :

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This is seen to be one of the thriving projects under the shadow of the solana blockchain and I'll give a concise overview of the project .This project provides for the next level of great user experience gaming .This gaming platform builds for a virtual interface for gamers and makes use of a double token economy. It involves, the exploration of large spaces by gamers in search of Non fungible token gems hereby combining blockchain and gaming patterns to create a great metaverse experience.

Now you see why I'm so much in love with this gaming project, a metaverse experience!! Great technologies like the Unreal Engine 5's Nanite are utilized to create great visual quality on the gaming platforms and users have optimum quality experience.

This gaming project allows for easy trading and acquisition of NFT tokens which could be owned even in the physical and actual world .

The star atlas game allows for every user's adventure in a long world where resources are needed and collected to survive races and the adventures which involve, construction of cities and other virtual attainments which could be owned and gotten by gamers .

More so ,in the quest for greater experience, users are given deflationary mechanism that allow for users engaging in riskier adventures for more results which would increase rewards and involve the gamer leaving the game's comfort zone to deeper and unsafe parts of the game .

The atlas token is seen to be (POLIS) which is used in governance and decision making in the system with a promising 80% future minted tokens meant to be given to great players of the game
This project is worth every step indeed every gamer takes in adventure and the Solana blockchain must be well appreciated for this excellence

CONCLUSION

To wrap it all ,we see solana to be my favorite blockchain network and I just think everyone would love a blockchain that solves the blockchain trilemma.

Highly scalable ,secure and decentralized making use of the proof of authority protocol. The blockchain has really great prospect and features once their mainner beta launch takes place,the sky would be seen as a starting point for the blockchain.

We see it ,to house a great gaming and NFT based project like the star atlas project which allows for utilization of game tokens and ownership of them even in practical life .
This was really a great one