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There is yet another blockchain that is fast becoming the talk of the day in the history of smart contracts and blockchain development that allow the development and creation of applications. It is called Solana or SOL, and anyone who has heard about the token lately will understand why SOL smart contracts are unique and will be a likely place to host the future of decentralized finance. Solana works like Ethereum requiring no centralized database, yet it allows the deployment of independent digital assets and ecosystems. Developers and enterprises looking to hire Solana developers or work with a development enterprise to create projects need to understand Solana development workflow properly before developing applications on the network.
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Aside from the knowledge that can be gained from learning how Solana smart contracts works, insight into Solana blockchain development will be pivotal to maintaining and integrating features, and well as gaining foresight on the future needs in terms of technical skills needed for maintenance and improvement of existing systems. With the problems with other blockchains on which projects can be launched such as Ethereum, blockchain development on Solana is growing fast as SOL becoming the blockchain of choice for smart contract. In this article, we will go as in-depth as possible into Solana blockchain development, deployed programs or Solana programs, the consensus mechanism, Solan works, and the entire stack of Solana programs.
You do not have to be a Solana developer to follow through and even if the ideas get fuzzy along the way, keep reading because if you read until the end, there will be hardly a thing you would not know about Solana. So whether you are a Solana developer or a representative of an enterprise that needs to hire developers or a development enterprise that develops solutions in the future, this article is just for you.
Solana is a webscale blockchain that provides fast, secure, scalable decentralized apps and marketplaces. Founder of Solana, Anatoly Yakovenko worked at Qualcomm before founding SOL. He has several years of experience in compression algorithms haven worked with Dropbox as a software engineer. Solana supports smart contracts which means that developers on Solana or any blockchain development company can create applications like decentralized exchanges on top of Solana. Solana can scale up to 100,000 transactions per second. SOL claims to be a powerful blockchain for developers and a fast system of transactions for everyone. It was created to enable user-friendly applications, never deal with fragmented layer two and be the driving force for building the next generation of decentralized SOL program successfully.
Knowing the roots of Solana is always a plus for intending developers and any Solana development company hoping to have a history of deploying a program on SOL network. SOL uses a proof of history method which allows users to create historical records proving that an event occurred during a specific period in time. The algorithm is a high-frequency verifiable delay function that requires a specific number of sequential steps to evaluate. Transactions that are evaluated will be given a unique hash and account that can be verified publicly and effectively. The account allows us to know when each transaction or event occurs functioning like a time-stamp.
Every node on Solana also has a cryptographic clock that keeps track of the ordering of events allowing high throughput and higher efficiency on the Solana ecosystem. Transactions are grouped together in a block on most blockchains, an architecture that makes it possible to tell that one group of transactions came before others, although it is hard to determine which transactions came first or last using this method. Solana allows transactions to come as input to a leader on the Solana blockchain. The leader then sequences the messages and orders them efficiently for easy processing by other nodes.
The leader then executes the transaction on the current state of the blockchain stored in the RAM. Leaders then publish the transactions with signatures and the final state of each transaction to verifiers. Verifiers will then execute the published transactions on their copies of the state before publishing their signatures of the state when it is confirmed. Published confirmations on the SOL network then serve as votes for the consensus algorithm. Any development company or Solana developer must keep in mind the uniqueness of Solana and the interactions between the leaders and other nodes. How transactions more from participants to leaders before being published and stored is also a crucial question to ask if you want to hire developers.
The next crucial part of Solana, that developers and any enterprise developing on Solana must know is the 8 core innovations. The core innovations are the hallmark of the unique technology of the secured decentralized ecosystem.
The first innovation, proof-of-history is Solana’s consensus algorithm. Solana’s consensus algorithm helps to create more efficiency and high throughput or processing speed on the Solana blockchain. Transactions on Solana are entered into the block through Solanas’s sequential preimage resistant hash. Mathematically, a sequential preimage resistant function is a set of values imputed, for example, (A + B +1)10 that gives the same output as y in the expression H(x) = y, where H is the hashing function. In reality, the sequential preimage resistant functions are hashes that cannot be altered. The hashes are then used as inputs for other transactions, then the entries are timestamped to record the actual sequence and eventually same time on having to revalidate each hash function altogether. Solana uses this approach to track transactions and record the ordering of events.
Solana’s next innovation, the Tower BFT was created to solve several problems. It is the one most important innovation of Solana that developers and any blockchain development enterprise must understand. First, voters may need to recover from forks that may not be accepted by a supermajority of clusters on Solana. Next, different voters can vote on several forks, so, there needs to be convergence on the cluster. Since rewards are based on votes, voters need to be given the chance to set the risk they can afford. The cost of consistency should be computable since forks lead to some form of inconsistency in the long run. Lastly, the variation of the mining speed of nodes makes it possible for attackers to use a proof-of-history miner faster than that of the entire network.
The tower is Solanas’s version of the PBFT or Practical Byzantine Fault Tolerance system which uses proof-of-stake as a cryptographic clock in order to get blockchain consensus without incurring massive messaging overhead and transaction latency. Validators vote on which version of the ledger is accurate before the ledger is finalized. Their vote is then locked out, prohibiting them from making another vote on the future version of the blockchain that does not show records of the previous votes on it.
Solana’s block propagation protocol is the turbine. It makes it easier to transmit data to the blockchain nodes. It does this by breaking data into small pieces making it easy for Solana to address bandwidth issues and organize transactions faster. The turbine is much like the Bittorent idea with a bit of adaption to allow individual validators to validate transactions without much pressure on their bandwidth. Most developers or any blockchain development company you will work with will interact using Tubine.
Another innovation, the gulf stream, allows the processing of transaction caching and forwarding before the next set of block confirmations are finalized. With this, validators can process transactions early, reducing transaction time, streamlining leader switching, reducing memory pressure. An example transaction can be the first test transaction initiated by a Solana developer or a Solana development company depending on who is deploying the new Solana project.
Solana also uses Sealevel, a hyper-parallelized transaction processing engine used to scale horizontally, across GPUs and SSDs on Solana. Thousands of smart contracts run on Solana to achieve a more efficient runtime. They can achieve this because of the multi-threaded nature of Solana which allows the blockchain to describe and execute transactions at the same time.
Pipeline ensures that all parts of hardware in the Solana network are working efficiently and replicated across all nodes in the network. In Solana’s pipelining, data is moved in a sequence but as separate units to keep all parts of the network running while validating and replication transactions across nodes efficiently.
Cloudbreak is Solana’s horizontally scaled accounts database that allows Solana to scale without distributing data across multiple systems. Cloudbreak minimizes hardware issues that may result from an inability of some components used by participants on Solana to keep up with the data size and speed needed. Solana uses all the hardware on the network to index data, thus reading and writing transaction inputs simultaneously. Lack of memory in distributed systems can lead to performance problems and limited access speed. Cloudbreak was designed to optimize for concurrent reads, and to spreads writes across raid zero configuration of SSDs. It provides additional storage to maintain network speed. If you were to hire developers or a Solana development company you can ask about the storage innovation in Solana.
The archive is Solana’s distributed store of blockchain data using a proof-of-replication model similar to Filecoin. With it, nodes can replicate information without so many hardware requirements. The archive is the secure and final layer for the storage of blockchain data. Developers or those who intend to hire Solana developers should be mindful of an easy pitfall. The archive is where the data on Solana is stored while Cloudbreak serves as optimized storage support for the Solana blockchain. So, codes that are written when you hire developers or your choice Solana development company process your user data which is stored in the archive.
Solana uses a cluster, a set of computers working together to verify the output of untrusted user-submitted programs. Clusters work to preserve an immutable record of events generated by any deployed program on Solana or the way these invent are interpreted programmatically. Developers or Solana development companies can create or build decentralized applications on Solana just like Ethereum and other root chains. Consequently, the verification of contracts on Solana is crucial. Solana is a proof-of-stake blockchain with the goal of configuring a network of decentralized nodes so immaculately that they will match the performance of a single node. It leverages proof-of-history as the global consensus algorithm before consensus is achieved.
It achieves this using a bunch of components explained earlier, a crucial part of which is the Tower consensus algorithm which leverages proof-of-history as a global source of time before achieving consensus. Proof-of-history uses a recursive delay function to hash incoming events and transactions which makes Solana extremely fast. Solana measures block time in milliseconds or a second divided by a thousand. SOL is designed to be faster and cheaper than its predecessors and also empower a growing community of decentralized applications that is hard to scale on Ethereum. Solana boasts that the network can handle 710,000 transactions per second. Solana’s proof-of-history integrates time into blockchain data using timestamps to place specific dates and times on blocks to allow for fast sequencing of validators that are aware of their order without having to communicate back and forth. Solana agrees on time, unlike other blockchains that agree on blocks and do so slowly. It achieves this by having participants timestamp their blocks and agree on the organization of the blocks without waiting for approval from other validators.
Although used interchangeably for the native network in this article, SOL is the coin on the Solana network used for fees and for transactions, and all over the blockchain ecosystem. If you must hire a Solana developer or a Solana development company, you should know about SOL and the price at the time of the collaboration. SOL is both inflationary and deflationary because, from the start, 100% of all transaction fees paid on Solana were burned. Later the team reduced the burn to 50% and introduced an inflationary mechanism paying out about 8% on SOL held which is reduced daily until it reaches the final staking percentage of 1.5% expected in 10 years. Solana initially launched four funding rounds and an ICO in which 36% of the total supply was sold at an incredible 0.25 cents. Another 13% went to the founders, 10% to the Solana foundation, and the remaining went to community initiatives. SOL can be purchased on most of the popular exchanges where it is sold at the current market price. SOL supports the native command-line apps on Solana as well as other improved wallets and web-based applications like Trust wallet and Metamask. Also, if you want to hire a Solana developer or a Solana development company the first point of technical interaction on Web 3.0 will be via these apps.
Transaction fees on SOL are low, which means claiming airdrops on the network leverages the same scalable transactions to store data configurations triggered by smart contracts created by blockchain developers on the network. Holders of a public key corresponding to appropriate private keys eligible for SOL tokens or other non-sol tokens distributed usually receive an airdrop. These airdrops, which are free tokens distributed by projects that hope to increase adoption are not only common on the SOL blockchain. Ethereum and other blockchains issue tokens that are important through retroactive airdrops holder airdrops, forks, or other newer strategies.
Another important aspect of the SOL network is the Solana program library also known Solana program and the Solana labs. The lab is the technology company, working for the community to advance the development of SOL which is arguably the world's most performant blockchain according to claims. The network's program is a collection of programs that can be a Solana API following command on the devnet network and targeting the parallel run-time. They are tested against the blockchain's implementation and deployed on the main net of smart contract blockchains, which is SOL in this case. Command-line operations are crucial in this process. Solana labs are the equivalent of a parent company in centralized systems.
Solana places no requirements to become a validator. Doing this removes all kinds of entry barriers to participation and reaping rewards from the network. To stake on Ethereum, for example, you about $100,000 but the requirement for an SOL all you need is one SOL, the native token of the network. Solana devnet also has vastly different smart contracts than Ethereum. Ethereum uses a virtual machine-type system to run solidity codes, while Solana uses the Rust language. Solana requires more work to process things since Solan developers must code the low-level Rust programming codes from scratch. The complexity of working on Solana also means you would have to pay a bit more if you want to hire a Solana developer of a Solana development company. It is also important for developers and companies that want to hire Solana developers to deploy decentralized solutions on this unique technology to note that Solana is still in the Beta phase. There is still a lot underway on Solana. Developers also need to understand the underlying risks they may face from investing in such novel technologies and seek advice from SOL development companies like Rejolut if they need help in unexplored areas.
Most companies will hire developers in the future. The point about it is that they would have to hire Solana developers to keep up with the pace of growing technology. SOL is still in the Beta stage, and it is important for developers and enterprises that intend to develop on Solana to note that. The platform will definitely be a strong competitor to Ethereum and Bitcoin in the future. Again there are several promising projects that will launch on Solana, and most of those already deployed have shown to be better for the way they were conceptualized. One of the projects on Solana, Serum promises a centralized exchange with the same AMM capabilities of Uniswap and Bancor. Serum is also interoperable meaning it allows cross-chain transactions, and holders of the token can benefit from the speed and scalability of Solana. NFTs are also another big thing that could see Solana taking over Ethereum in the near future. Lately, Degenerate Apes, an NFT on Solana sold for over $1.7 million. So, even though Ethereum is the most popular platform for DApps and NFTs at the moment. A lot of people may be moving to Solana for its many advantages in the near future. The advantages range from speed to fees, and the more crucial security which has been a problem in some DeFi projects lately.
Writing, building, and deploying Solana smart contracts on Solana is Solana smart contract development. The best hand to handle this is a Solana developer or a Solana development company. Once smart contracts have been deployed on Solana, third-party applications can work by interacting with the deployed smart contract on Solana and storing data locally on their account. The data storage space on the Solana network is rented out using the SOL token. Hire Solana developers, and they mostly will create smart contract codes that can be deployed on Solana. They will do this using a public key, and a second account can be created to interact with that smart contract code and store application-based data.
There are key pairs for the smart contract and another for Solana. A lot of caution should therefore be exercised when you want to hire Solana developers or a Solana development company to develop projects on Solana. While experienced developers are hard to get it may be harder to hire Solana developers that can develop efficient smart contracts and decentralized applications but it is possible nevertheless. The point is that low-level languages like Rust are more similar to machine language. The good thing about it, however, is that they are more secure than other languages. C++ is also another programming language used in Solana development and Solana developers or any Solana development company must have a good knowledge of these to thrive on Solana. Rust, by itself, is one of the best programming languages for building web-based applications but even the best Rust developers admit to not knowing it all in a large survey.
A good Solana developer is true professionals in every sense of the word. If you think about it, Rust, C, and C++ are some of the hardest programming languages for digital assets creation. When you want to hire Solana developers or a Solana development company, you can start by asking them some of the questions covered in this article, but that will give you the faintest idea because the problem you intend to solve is deeply technical and only the technically inclined will be able to bring your dream to reality. Most good developers are honest about their abilities. The same applies to outsourcing to an expert Solana development company. These companies have the best programmers in specialized programming languages and will be ready to tell you the limits or challenges they experience along the way. The best part is that working with a Solana development company like Rejolut, for example, will give you the best hands in all the areas that you need help with because there is definitely an honest and smart person available to come to the rescue when the need arises.
Good Solana developers for hire should be able to show you a list of projects they have on their portfolio which shows their use of the three important languages of Solana which are C, C++, and most importantly, Rust. Their conceptualization of the project is also a good way to know. You can ask questions about how the Solana developer intends to go about the project technically by asking them to present instances. If it is possible, you can ask them to write test codes and show you the result. Although, you must know that Rust is a highly in-demand skill, and so if you find someone confident enough in their abilities you can give the person a try. Also, consider your budget and inform your Solana developer or Solana development company beforehand about your plans. Meetings and discussions are crucial even when you are not technical savvy. As an enterprise, it would be easier because you already have the setup for this process. During the meeting, you can start by explaining your plans and how you hope the Solana blockchain can help you achieve them. You can then move on from that to the features of your app and the way to want to be perceived by your users. These processes are important to keep the focus and help to actualize your goal or the goal of your company.
It may be best to work with teams that have specialized developers for each role when working on Solana. While you can hire Solana developers who work independently, you should also keep in mind that the expenses may be so high as to be unimaginable given your budget and bandwidth. Trust us, the kind of Solana developers you need to create your Solana project are not out there looking for jobs. There are just 600,000 people on the planet that dominates Rust and can understand 80-90% of the code. Instead, you may be better off working with an experienced Solana smart contract development company like Rejolut that can help you work on your project and carry you along the application development process at the same time. Working with Rejolut will help you save time, unnecessary costs, and guarantee that your project is safe for all users at the time of launch and in the future. Our system is organized to avoid mistakes or other errors that can pop up when an individual developer is swamped.
Rejolut has already written over 100,000 lines of code for decentralized and other technical coding projects across the globe. We understand that bigger organizations sometimes have problems with employees who disappeared to start better-paying jobs elsewhere in the middle of a project. That is most likely in a fast-paced environment like the blockchain and cryptocurrency space where hundreds if not thousands of coins get launched each day. We keep helping companies, independent blockchain networks, and individuals transform their dream into a decentralized reality on the blockchain, and Solana is one of the most promising projects in the future. Coding in Rust is hard but you can rest assured that Rejolut will do the job. We keep to our words as an honest coding consultancy, but more than that we get involved in your project from the start to finish. We do not just get involved. We take our time to make sure you and the end-users are satisfied with the feature and experience of your Solana decentralized application.
In contrast to Bitcoin which uses the PoW algorithm to function as a decentralized clock in Solana, which uses the PoW algorithm as a decentralized clock for Solana utilizes the Proof of History method. By using Proof of History, you can make documents from the past that demonstrate that an event took place at the exact moment. This process is known as a high-frequency verifiable Delay Function.
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