IFTip bot now supports Solana public chain. Submit the token listing applicaiton on the Solana chain on the IFTip official website (https://iftip.io/list), and you can apply for a free token listing. After the official review of IFTip is completed and the application is approved, you can use the various functions on IFTip Bot. For example: deposit and withdrawal, red envelopes, airdrops, etc..
About Solana
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
The Solana public chain stands out among many public chains. Its ecology shows a prosperous side. There are already many applications on Solana, such as lending, plug-in wallets, derivatives trading, reward tools and so on. The current biggest application of blockchain is decentralized finance. You can build an exchange with just a few hundred lines of smart contract code. Only through thousands of lines of code, you can implement a deposit and loan agreement. The blockchain contains tremendous energy.
Ethereum has increased the processing speed compared with Bitcoin. With the increase of users, various applications generate transactions and occupy all blocks, and the gas fee will become very high. The Solana public chain improves the performance of the public chain by changing the block generation method of PoW and adopting the high-performance Rust language. At present, many public chains have reached the second-level block generation, and Solana is no exception. On average, each block can be confirmed within only 3 seconds. Solana can not only increase the throughput of the blockchain in terms of speed and reliability but also reduce the average cost. Due to higher performance, its transaction fees have also become very low, less than 1 cent per transaction. Solana is close to networks such as polygon and Heco. In addition, Solana does not need to deal with sharding and Layer 2 issues. But users who migrate assets from Ethereum to Solana still have to use an exchange as an intermediary.
Solana uses a unique PoH consensus mechanism, and the eight technologies adopted make its confirmation time very fast. The user experience is very good.
About IFTip
IFTip recently participated in Solana Hackthon. We have developed a function to send and receive SOL and SPL Token on social platforms such as Telegram. Solana’s wallet creation is no different from other public chains. The difference is that it uses different curves to generate addresses. Its address is the base58 encoding of a public key. After obtaining the private key seed through the mnemonic phrase, the derived child private key node can be obtained through the conventional BIP44 strategy, and the node can obtain the corresponding public key.
IFTip Supports SOL and Other Token on SPL
While supporting many public chains, we are also comparing the pros and cons of various chains and programming paradigms. Various public chains use their own innovation and exploration to solve the problems of future scalability and processing speed of public chains, and they have all contributed to the development of blockchain. Solana is unique and has excellent performance. With the promotion of Sam and the community, applications on Solana have gradually emerged and prospered. With the formation of the Solana ecology, there will be great opportunities in the future.
