Whereas initially it was simply main monetary entities — comparable to PayPal, Sq., Microstrategy, amongst many others — dipping their toes into the blockchain scene, now now we have gamers from a bunch of different realms additionally making their presence felt throughout these markets. For instance, earlier in 2021, Twitter introduced to the world that it was going to permit its customers to tip its content material creators by way of using a number of completely different digital property (together with Bitcoin and Ethereum).
Equally, earlier this yr, it got here to gentle that the social media behemoth was fostering its in-house crypto crew by onboarding new expertise in an effort to bolster its quickly increasing creator financial system in addition to discover a bunch of novel domains together with membership tokens, DAOs, and way more
Twitter adopts NFTs with the assistance of QuickNode
Staying consistent with its crypto-centric imaginative and prescient, Twitter introduced lately that it has built-in a non-fungible token (NFT) profile image characteristic on its TwitterBlue platform, a subscription model of the microblogging and social networking service — with all the operation being helmed by QuickNode, a Web3 developer platform that enables customers to construct & scale blockchain-powered functions (dApps) seamlessly.
QuickNode, in its most simple sense, is a mission that permits non crypto, blockchain-focused corporations to launch their very personal nodes (with a world community of RPC endpoints) throughout a complete of 10+ blockchains — together with Solana, Ethereum, Bitcoin, Polygon, and so on — with the contact of a button. Offering his ideas on the above acknowledged growth, Alexander Nabutovsky, co-founder of QuickNode, opined:
“Whereas demand for QuickNode’s platform as a supplier of blockchain infrastructure continues to take off as extra corporations look to undertake blockchain as a part of their product technique, we’re excited to companion with platforms comparable to Twitter to ship assist for options like their lately launched NFT Profile Footage. By means of this new characteristic, we’ll assist present a method wherein individuals on Twitter can showcase the NFTs they personal and be part of its thriving neighborhood”
For perspective sake, it’s value noting that the NFT market has grown exponentially over the past twelve odd months, with conservative estimates noting that the mixed market cap of the sector simply surged previous the $40 billion mark over the course of 2021 alone. Not solely that, there are lots of research that recommend this burgeoning sector will proceed to develop at a compound annual progress charge (CAGR) of 39.6% over the approaching decade.
Quicknode is enhancing Solana, right here’s how
There’s no denying that the most effective performing crypto asset of the yr passed by has been Solana, and rightly so. The mission could be regarded as a crypto computing ecosystem that seeks to realize excessive transaction speeds with out sacrificing key features comparable to transparency and decentralization. Because of its wonderful technological proposition, the mission was in a position to report features in extra of two,500% over 2021.
That mentioned, whereas on paper Solana is ready to deal with over 65,000 transactions per second, its current end-user infrastructure doesn’t permit dApps to reap such monumental speeds, as an alternative, most customers report a median tps charge of 1,000 transactions. On this regard, Quicknode lately revealed by way of a model new whitepaper that it had been profitable in deploying a purpose-written script (out there on Github) in order to cut back Solana’s community latency from 126.67 ms to an incredible 15.36 ms.
Not solely that, QuickNode’s endpoint was additionally in a position to showcase a considerable block top benefit over its rivals, recording a block time benefit of over 50 minutes, an enormous enchancment in Solana’s native capabilities, to say the least.
Wanting forward
With Solana being touted as a tangible, long-term various to Ethereum, it’s of utmost significance that any of its current operational creases (such these associated to its latency issues, transaction throughput, and so on) be ironed out rapidly — particularly as increasingly more customers proceed to undertake the platform. Thus, will probably be attention-grabbing to see how issues playout for the mission from right here on finish.