In
a
new
report,
US-based
hedge
fund
Pantera
Capital
has
posited
Solana
as
the
‘Mac
OS’
of
blockchains,
paralleling
its
developmental
strategy
and
potential
impact
to
that
of
Apple’s
renowned
operating
system.
Authored
by
Franklin
Bi,
Cosmo
Jiang
and
Eric
Wallach,
the

report
delves
deep
into
the
structural
dynamics
and
strategic
positioning
of
blockchains
within
the
tech
industry.

The
report
begins
by
addressing
a
common
query
about
the
future
landscape
of
blockchain
technology:
“How
many
blockchains
must
exist?”
Rather
than
focusing
on
the
number,
the
Pantera
team
suggests
a
different
perspective:
“What
is
the
least
number
of
blockchains
needed
to
reach
the
technology’s
full
potential?”
This
approach
aims
to
understand
the
essential
characteristics
that
will
allow
certain
blockchains
to
dominate
the
market.

 

The
analogy
to
historical
tech
oligopolies
is
strong.
“Historically,
developer-facing
technologies
have
converged
around
a
small
number
of
dominant
players
–
typically
oligopolies
of
two
or
three,
each
with
a
distinct
approach
catering
to
different
developer
preferences.”
It
draws
on
examples
from
the
evolution
of
operating
systems,
gaming
consoles,
and
mobile
platforms
to
predict
a
similar
trajectory
for
blockchains.

Why
Solana
Stands
Out

According
to
the
Pantera
Capital
team,
Solana
is
emerging
as
a
formidable
contender
in
the
blockchain
space,
akin
to
Apple
during
the
rise
of
personal
computing.
“The
shift
is
reminiscent
of
Microsoft’s
dominance
of
the
early
desktop
computer
market,
until
Apple
broke
through
with
its
vertically
integrated
approach,”
the
report
notes,
suggesting
that
Solana’s
integrated
and
monolithic
architecture
could
give
it
a
similar

competitive
edge.

The
report
elaborates
on
several
advantages
of
SOL’s
architecture.
First,
Solana’s
cohesive
blockchain
design
avoids
the
complexities
of
bridging
multiple
chains,
which
simplifies
both
development
and
user
interaction.

By
controlling
its
entire
stack,
the
project
can
quickly
iterate
and
implement
upgrades,
a
crucial
factor
in
the
fast-paced
blockchain
environment.
Third,
the
reduced
dependency
on
external
components
and
a
simplified
architecture
decrease
potential
failure
points,
enhancing
the
overall
stability
and
security
of
the
platform.

 

The
authors
also
highlight
specific
applications
that
showcase
Solana’s
capabilities
and
its
impact
on
both
developers
and
end-users.
DRiP,
a
platform
for
distributing
free
collectibles,
exemplifies
how
Solana’s

high
throughput
and
low
transaction
costs
facilitate
massive,
cost-effective
distributions
of
NFTs.

Similarly,
Hivemapper
leverages
Solana’s
efficiency
to
process
large
volumes
of
geographic
data
collected
from
drones
and
dashcams,
providing
real-time,
decentralized
mapping
solutions
that
could
challenge
established
services
like
Google
Maps.

The
report
also
underscores
the
blockchain’s
growth
metrics:
“Solana’s
unique

active
addresses
have
skyrocketed
[…]
showcasing
the
platform’s
staggering
growth
in
user
activity,”
further
supported
by
data
illustrating
a
surge
in
transaction
fees
and
decentralized
exchange
volumes,
which
indicate
robust
and
growing
demand
for
SOL’s
offerings.

Concluding
their
analysis,
the
Pantera
team
expresses
strong
confidence
in
Solana’s
future
trajectory.
“As
more
developers
recognize
the
advantages
of
building
on
Solana,
we
can
expect
to
see
a
growing
number
of
innovative
projects
that
capitalize
on
its
high-performance
blockchain,”
they
predict.
This
sentiment
is
reinforced
by
a
robust
developer
ecosystem
and
a
vibrant
community,
which
are
seen
as
critical
to
the
ability
to
outpace
competitors
and
achieve
sustained
growth
and
relevance.

 

At
press
time,
SOL
traded
at
$123.90.

Featured
image
from
Bitget,
chart
from
TradingView.com

Go to Source
Author: Jake Simmons

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