Solana Blockchain Software Development Services
In recent years, crypto has changed the way transactions take place. With its enhanced effectiveness and many benefits, using crypto as a way to transact is definitely here to stay. Today,there are many different types of crypto, such as Bitcoin and Ethereum. One that has made a great impact on the crypto world since its launch in 2020 is Solana. Solana was developed by Anatoly Yakovenko and is praised for its ability to perform many more transactions than other platforms in much shorter time.
Unlike most crypto, Solana uses a proof-of-history consensus mechanism instead of proof-of-work to define the blocks in the chain and ensures much faster transactions at a lower cost. Now, to start building Dapps on Solana, you will need a developer on your side. Solana developers use programming languages such as Rust, C, C++, and other relevant programming skills to build programs (Smart Contracts). As a result, they should be experienced in front-end frameworks such as React.
Solana binance smart chain development services can be used in most industries and has already been actively redefining industries such as Banking, Healthcare, and Real Estate. The major advantage of Solana, in comparison with other blockchains, is the ability to perform transactions much faster and at a much lower cost. The environment also benefits from Solana, as it takes up way fewer resources to perform the millions of transactions occurring around the globe daily.
Solana Software Development Services
Many agencies have caught onto the trend of development in the crypto world and offer Solana software development services to assist you in your crypto journey. Let’s take a deeper look into the different services on offer:
- Solana Blockchain Consulting
The consulting process consists of doing a strategic and technical analysis of your business needs, which helps you understand your business prospects. The consultants will then indicate how Solana blockchain can improve your projects with its speed and scalability.
- Solana dApp Development
Solana’s platform can host various applications such as collectables, finances, gaming, etc. Solana blockchain app development engineers are responsible for creating these apps to suit your specific business needs and perform to reach your objectives. The idea is that the Solana dApp development solutions are decentralized to keep the process secure.
- Solana NFT Marketplace Development
Solana NFT marketplace is a place for users to sell, trade and buy non-fungible tokens (NFTs). Solana NFT marketplace development is offered by engineers and is decentralized to keep them secure and free of hackers and other malicious activity.
- SPL Token Development
Solana token development is the process of creating SPL tokens that can be compared to a dollar bill, for example. They all have the same value and can be used on the Solana platform as a form of payment, just like you would use real-world money. SPL tokens can be stored in your Solana-compatible wallet, and with the help of cryptocurrency wallet development services keep them safe and ready for trading on the platform.
- Solana DeFi Exchange Development
In short, Solana DeFi development services are the decentralization of finances to allow peer-to-peer financial transactions and eliminate intermediaries. This results in fast and cost-effective solutions for financial transactions through using technology developed by crypto firms.
- Solana Wallet Development
The Solana wallet is a browser extension allowing you to store your virtual assets safely and securely. It also ensures you can trade on the Solana platform and have access to the dApps when you wish to use them.
- Solana Smart Contract Development & Audit
With technology improving at such a rapid pace, the bad part of the population has also taken an interest and developed hacking and other ways of getting to your virtual assets. Smart contract development and auditing will identify these vulnerabilities, so you can correct them and ensure the safety of your virtual assets. A passed audit is also good for attracting investors and partners, showing that your system is reliable.
- DeFi Development
Based on blockchain development, Defi aims to remove intermediaries and allow companies or individuals to transact with each other without the annoying fees and waiting periods of the traditional banking system. This Solana smart contract development process consists of design, integration and support of the blockchain process.
The Features of Solana Blockchain Development
Let’s take a deeper dive into Solana blockchain development services and uncover some of its features to help you understand it better:
This process contributes to the speed of Solana and ensures a transaction is processed as soon as it enters the blockchain. This is a major difference from conventional blockchain processes which used to be very time-consuming and more expensive. Another consensus mechanism used by Solana is PoS (Proof-of-Stake) which makes Solana much more environmentally friendly in the bigger scheme of things. These transactions can be very energy-demanding and have a big impact on the environment globally, so choosing Solana will also ensure you have peace of mind that you are doing your part to protect our planet.
- Tower BFT
Tower BFT is an algorithm used on the Solana platform to ensure continuity. It works by allowing the process to continue even in the event of a node failure. Trust and reliability are everything when it comes to cryptocurrency, and Solana ensures the user will not experience any downtime using the decentralized applications with the implementation of BFT.
Pipeline is a transaction processing unit delegating the incoming data to specific hardware across the Solana network. This ensures that the processes are completed successfully and within time. Time is very important when it comes to online crypto transactions and this is part of why Solana is one of the best. Data is replicated across all nodes in the network to ensure the best results in the shortest possible amount of time.
Turbine assists the process by dividing the data into smaller parts to spread across the different nodes and ease the task on each individual node. This results in time-saving and more accurate results every time, which in turn results in happier customers and improved use of available bandwidth.
This is the process of data replication without the use of any hardware. The proof-of-replication model allows data to be downloaded to a network of nodes, which is called an Archiver. This process assists in avoiding the need for hardware, which makes the process cheaper and more efficient.
Sealevel refers to the creation of a parallel smart contract execution environment which enables Solana to scale between SSDs, as well as GPUs. This also makes the whole process more streamlined and more cost-effective.
Reasons to Choose Solana as a Blockchain Platform
There are various crypto platforms available these days and choosing one can be challenging. Let’s take a look at what makes choosing Solana and working with a Solana DeFi app development company special:
Solana’s use of PoH and PoS consensus mechanisms enables it to handle up to 65 000 transactions per second and in the world of business, time is money, so this is a huge advantage. Solana is one of the fastest platforms available today.
Solana is designed to work with other platforms, which makes it versatile. Versatility and speed combined make this one of the best platforms to operate on.
- Ease of use
Developers prefer Solana as it supports smart contracts and other advanced programming languages. This makes it much easier to develop decentralized apps.
Solana is a very secure network and achieves this by using a combination of cryptography and other advanced security measures. Security is a non-negotiable on these platforms and Solana does it best.
- Transaction Fees
Ultimately, it is the cost that has the biggest impact and Solana has some of the lowest transaction fees available. This is mostly due to the decentralization and speed properties that Solana benefits from.
A Solana dApp development company is known for requiring less hardware and using less energy, which in turn means that it is the best option for protecting our precious resources and saving our planet. In the bigger picture, each person that chooses Solana will be choosing to do their part to save our planet.
What Makes a Good Solana Developer?
It is always a challenging task to appoint a developer from a Solana development company and you might find yourself uncertain as to what skills or expertise to look out for. Below is a short summary of what you can expect from a good Solana developer.
Projects like this need expertise and this only really comes with experience. You would want to appoint a Solana blockchain software development services expert that has experience in Solana NFT development and other Solana development services, as well as specific experience working with Rust. Rust is the backbone of Solana and hiring Solidity developers that already have two to three years of experience in this field will be a great advantage.
The Cost of Hiring Solana Developers
Deciding on where to hire a Solana blockchain development company or team of developers can be challenging in today’s world. With remote work being possible and basically the whole world to choose from, there is often a fine line between cost and quality. As a business owner, you want to make the best decision for your business to ensure success and growth, and if you start researching where the best developers are you might find yourself confused.
Ukraine has been a rising power in the IT world and for good reason. Their government has launched several projects to make it easy and accessible for young adults to study and become experts in the software development world. From the table below it is also clear that Ukrainian developers are available at a much lower cost and this is in no way due to a lack of expertise. The living cost and overall salary brackets are just lower in Ukraine, making it a favorite among businesses to hire developers from:
*Ukrainian salaries are provided based on Mobilunity’s Recruitment Team research on the local job markets. All salaries are net and do not include the service fee (in case of hiring on a dedicated team model). The salaries are provided for comparison purposes and could be not entirely accurate. Contact us to know the exact cost of hiring a developer corresponding to the required parameters.
Mobilunity as a Reliable Provider of Solana Developers
Mobilunity has expertise in recruiting developers for more than 10 years and has been leading the pack in providing top-notch developers and other IT specialists for years.
Working with global businesses such as Ontrack Retail (UK), Pafin (Japan), i-doit (Germany), and many others we have a proven track record of successfully recruiting top-class professionals to help you develop your needs for your blockchain business.
Allow us to recruit the professionals you need, so you can focus on what really matters. We deliver the best professionals at a margin of the cost of what you would pay to hire professionals from your local talent pool. The best part is you do not have to deal with any of the hassles, we take care of it all and you simply take control of your part-time or full-time team of dedicated professionals to kickstart your projects.
If you need Solana blockchain development services, talk to the team at Mobilunity. We will help you find the best candidates hassle-free!
All salaries and prices mentioned within the article are approximate NET numbers based on the research done by our in-house Recruitment Team. Please use these numbers as a guide for comparison purposes only and feel free to use the contact form to inquire on the specific cost of the talent according to your vacancy requirements and chosen model of engagement.