Press release
Roam Announces Strategic Migration to Solana Mainnet
Roam's decision to migrate to Solana comes after extensive research and analysis of various blockchain platforms. The Solana blockchain, with its unique proof-of-history (PoH) consensus mechanism and unparalleled transaction throughput, emerged as the ideal choice to support Roam's growing ecosystem and ambitious roadmap.
Solana is an advanced blockchain platform designed to support decentralized applications and crypto initiatives. As a third-generation blockchain, it offers a fast, secure, and scalable environment. The Solana ecosystem hosts a myriad of projects, including DeFi, NFTs, and gaming.
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Solana once reached a market cap of $81 billion, showcasing its substantial influence in the crypto world. Unlike other blockchains that rely on Proof of Work (PoW) or Proof of Stake (PoS), Solana uses Proof of History (PoH), a cryptographic method that timestamps transactions. This, combined with PoS, ensures efficient consensus, security, and transaction validation.
Key Reasons for Roam's Migration to Solana
Roam's decision to shift all on-chain activities to Solana stems from the need to provide an efficient and seamless experience for its expanding user base. Here's why Solana is the ideal platform for Roam:
Unmatched Scalability and Speed
Solana's unparalleled scalability and rapid transaction speeds are essential for Roam's decentralized operations. Capable of processing over 65,000 transactions per second (TPS), Solana outperforms Ethereum and Bitcoin, which handle only 15-20 TPS. Solana's virtual machine (SVM) enables concurrent transaction processing, reducing congestion and fees. In 2024, Solana ranked fifth in Total Value Locked (TVL), briefly surpassing $2 billion. This combination of high throughput and low confirmation times makes Solana perfect for real-time, high-volume applications like Roam.
Affordable Transaction Costs
For both users and developers, the cost of transactions is a critical factor. Solana addresses this with low gas fees, making it an attractive choice. Solana's efficiency in handling large transaction volumes without delays keeps costs low. Its dynamic state-sharding system further reduces computational loads on individual nodes. By utilizing Solana's economical transactions, Roam can keep costs low for its users, promoting accessibility and affordability.
Enhanced Interoperability
Solana's advanced interoperability is a strategic advantage for Roam in building a global decentralized WiFi network. Solana's cross-chain capabilities allow Roam to integrate with various blockchain networks, enabling collaboration with DeFi and IoT projects. This broadens Roam's technological and user base, improving service offerings and market presence. Solana's interoperability underpins Roam's growth and positions it at the forefront of DePIN innovation.
Robust Community Support
Solana boasts a vibrant community of developers and users actively contributing to the ecosystem. With 578,000 active users over a 5-day period, Roam benefits from this community engagement. This supportive community not only enriches the platform but also attracts new users to Roam. Integrating with Solana extends Roam's reach to a broader audience.
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Roam's transition to Solana is driven by Solana's exceptional scalability, low transaction costs, strong security, interoperability, and active community. Solana's capabilities align with Roam's vision for innovation and growth. By leveraging Solana's advanced technology and ecosystem, Roam aims to transform global WiFi connectivity, leading the way toward a decentralized and accessible future.
More information about Roam:
Twitter: https://x.com/weRoamxyz
Discord: https://discord.com/invite/roam
Medium: https://roamnetwork.medium.com/
Telegram: https://t.me/MetaBlox
Disclaimer: This press release may contain certain forward-looking statements. Forward-looking statements describe expectations, plans, outcomes, or strategies for the future (including product offerings, regulatory plans, and business plans) and are subject to change without prior notice. Please be advised that such statements are influenced by various uncertainties, which may result in future circumstances, events, or outcomes differing from those predicted in the forward-looking statements.
Media Contact
Company Name: Roam
Contact Person: Nigel Nie
Email: Send Email [http://www.universalpressrelease.com/?pr=roam-announces-strategic-migration-to-solana-mainnet]
Country: Canada
Website: https://weroam.xyz/
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