Why We Chose Solana to Launch Parcl

Why Solana?

Key Benefits of Solana

  • It’s fast. It can process over 50,000 transactions per second.
  • Fees of less than $0.01 per transaction enable more usage of your application.
  • There’s headroom for further performance growth, with the potential of over 1 million transactions per second in the near future as the network is further improved.
  • It’s composable, which means that you can break your application into modules, and other people can then build upon your libraries. You can also use other people’s application modules in your own projects.

Challenges of Developing on Solana

  • Solana has a different type of architecture, which means you have to spend more time thinking about how to lay out your project.
  • Smart contracts are mainly built in Rust, a memory-safe language similar to C and C++. This might seem daunting at first, but Rust has a huge and growing following, and Rust skills can be transferred to optimize other areas of your application too.
  • You’ll need to learn the tooling specific to this protocol.

Account Architecture

Hello World Coin

Complete System

  • Smart contracts residing within the Solana blockchain
  • A web application that the user interacts with (typically built in React)
  • A wallet that stores the user’s private keys (e.g., Phantom Wallet)

Rust & Anchor

Conclusion

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Parcl

Parcl

A Blockchain-based digital real estate protocol — delivering real estate to everyone.