The post SVM Rollups And Why Solana’s Future Lies In Atomic Interoperability appeared on BitcoinEthereumNews.com.

While there continue to be what seems to be daily innovations in the Web3 space, the industry is dealing with a crisis of its own making.  What started as a very simplistic idea, where blockchain could hold data on a transparent, immutable chain, has turned into an industry worth hundreds of billions.  The “crisis” is that Web3 has progressed so rapidly from the original goal of blockchain that it is starting to resemble Web2, but with additional benefits.  This is great news, of course, but presents a problem: the scalability issues long since solved on Web2 through broadband internet, but still present in Web3.  There are many reasons why this problem is still an issue for Web3, but namely it is difficult to enjoy all the benefits of Web3, such as decentralization, transparency where you want it and privacy where you don’t, and the ability to utilize borderless currency, without the solution becoming incredibly more complex. The industry has been working at a fever pitch to solve these scalability problems, and many breakthroughs have occurred in just the last few years.  Ethereum has seen major success with the EVM architecture, and its ecosystem continues to expand as a result.  However, Solana’s own virtual machine, the SVM architecture, has created a major focus on the chain as it provides one of the first parallelized virtual machines that can actually work at scale.  While Solana itself can already provide thousands of transactions per second with very low fees, this type of rollup can exponentially improve these figures.  Let’s explore why SVM is so powerful and what we can expect to see emerge in the near future, including those with high-performance needs like Sonic and other gaming-based platforms. SVM:  Untold Scalability The Solana ecosystem has a number of key advantages that indicate it…

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Filed under: News - @ June 26, 2024 4:26 am