Solana: looking into the future

2022 has been a challenging year for the entire crypto industry, but for Solana (SOL) blockchain, it has become the most challenging:

netcontinued to encounter technical errors that periodically led to a stop of the blockchain;

the collapse of the FTX exchange had a very painful effect on the entirethe Solana ecosystem. FTX and Solana have always been closely linked - Almeda Research was one of the largest investors in SOL, and Sam Bankman-Fried launched the Serum decentralized exchange on Solana back in 2020;

the ecosystem has lost a significant part of the developers.

Should we expect a positive from Solana in 2023?

First, the development and improvement of theblockchain has not stopped in 2022. The engineers managed to solve a number of problems associated with interruptions in the operation of the blockchain. As a result, when the load on the network increased sharply during the crash of FTX (it turned out to be a good unplanned stress test), Solana coped. Even with a high transaction volume, on November 8, 2022, the average block time was 0.61ms, well below the historical average.

Secondly, Solana's bet onmobile devices. Right now, cryptocurrency is largely tied to personal computers. But for millions of people around the world, mobile devices are the main way to interact with the Internet. And Solana understands this well.

Back in 2022, a smartphone was announcedSaga by Solana focused on working with decentralized applications. Solana Labs is currently accepting pre-orders for its smartphone from users in 33 countries.

To get on the waiting list, you need to make a deposit of $100, which can be returned in case of refusal. The final price of a smartphone based on the Android operating system is $1000.

Deliveries are expected in early 2023. The first wave includes the US, Canada, EU, UK, Switzerland, Australia and New Zealand. The team promised to consider other countries in the future.

The smartphone has a presetSolana Mobile Stack tools, which allows you to create decentralized applications for mobile phones. Saga will allow you to store NFTs, sign transactions and pay with Solana Pay. Implemented support for the Google Play app store and Solana's dApp Store.

Solana Mobile Stack and Solana Pay are two areas that Solana Labs plans to actively develop in the near future.

This year it will become clear whether the project will be able to regain the interest of users and developers, or whether the collapse of 2022 will leave it behind in the competitive race of L1 blockchains.

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