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Choosing the Solana blockchain over other blockchain networks can be beneficial for entrepreneurs stepping into the crypto industry. Solana is perfect for startups that require speed, affordability, and scalability. Let's examine why the Solana blockchain is an excellent choice for startups.
With a transaction processing rate of 65,000 transactions per second, Solana can handle a lot more transactions than other blockchain networks. This provides a great user experience, which brings more users to your platform. The transaction cost is usually less than $1 per transaction, which is an advantage for new startup founders.
You can easily develop smart contracts with Solana, as it supports tools like the Anchor framework. Solana employs a distinct technique called Proof of History (PoH), which enables it to maintain high performance while preserving decentralization. Finally, a reliable Solana blockchain development company will help you build your platform and sustain in the industry.