What is Solana?
Solana is a public, high-performance and permissionless blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake and proof of history. Its internal cryptocurrency is SOL. Solana can interact with smart contracts and can process around 60,000 transactions per second (Block times: 400ms) - which can be increased exponentially based on future technology (Moore's law) - The architecture describes a theoretical upper bound of 710,000 transactions per second (TPS) on a standard gigabit network and 28.4 million TPS on 40 gigabit.
The Solana platform has become increasingly popular because of mining efficiency and scalability, the blockchain is easy to use and program on it with rust, also it maintains performance stability when lots of computers are running it. Particularly, the scalability as an effective DeFi platform. Way better (faster / cheaper) than Etherum and any other 1st layer DeFi platform.
Cost per Transaction: $0.00001
More information on https://solana.com
The Solana platform has become increasingly popular because of mining efficiency and scalability, the blockchain is easy to use and program on it with rust, also it maintains performance stability when lots of computers are running it. Particularly, the scalability as an effective DeFi platform. Way better (faster / cheaper) than Etherum and any other 1st layer DeFi platform.
Cost per Transaction: $0.00001
More information on https://solana.com
What is an NFT?
A non-fungible token (NFT) is a unit of data stored on a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose. NFTs (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets.
NFTs function like cryptographic tokens, but, unlike cryptocurrencies like Bitcoin, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying asset and thus have a different value. NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records therefore creating a chain of identifiable data blocks. This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership.
NFTs function like cryptographic tokens, but, unlike cryptocurrencies like Bitcoin, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying asset and thus have a different value. NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records therefore creating a chain of identifiable data blocks. This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership.
What do you mean by permaweb?
Most of the 1st layer blockchain platforms have the risk of data links that point to NFT details like where the art is stored can die. Solana has chosen the permaweb which is a permanent and decentralized web built on top of the Arweave.
The permaweb on Arweave is the next evolution of the web, allowing developers and users to share a resilient knowledge base that is replicated in vast numbers across the world, perpetually.
The base protocol of the permaweb is Arweave. This system is powered by two fundamental components, a scalable blockchain-like structure that uses a new mining system and a sustainable endowment to ensure the availability and permanence of arbitrarily-tagged data. On top of the Arweave protocol is a decentralized network of gateway servers that makes the data easily accessible to web browsers, without the need for modification or specialist software.
More information on https://arweave.org
The permaweb on Arweave is the next evolution of the web, allowing developers and users to share a resilient knowledge base that is replicated in vast numbers across the world, perpetually.
The base protocol of the permaweb is Arweave. This system is powered by two fundamental components, a scalable blockchain-like structure that uses a new mining system and a sustainable endowment to ensure the availability and permanence of arbitrarily-tagged data. On top of the Arweave protocol is a decentralized network of gateway servers that makes the data easily accessible to web browsers, without the need for modification or specialist software.
More information on https://arweave.org
How can I purchase CryptoSkulls?
The CryptoSkulls.io NFTs are only available on Solsea.io and within the CryptoSkulls.io collection, any NFT outside the collection is fake, all the NFTs minted can be confirmed on the Mint section. Solsea is the first open NFT marketplace on Solana with integrated minting, NFTs with embedded licenses, FTX-Pay support, Rarity index, and many more features to come.
More information on https://solsea.io
More information on https://solsea.io
Which solana wallets are supported?
Currently only Solflare, Sollet and Phantom wallets are supported by Solsea.io
What are the fees and royalties?
Currently Solsea.io has a 3% marketplace fee which occurs on every transaction - this is to run the platform and further internal purposes. CryptoSkulls.io creator’s fee is 33% to increase the development of NFTs, cover overall costs and marketing.
CryptoSkulls.io NFT's are focused as perpetual NFT investment, we don't care about the current market conditions - only on long-term factors ( > 100 yrs).
CryptoSkulls.io NFT's are focused as perpetual NFT investment, we don't care about the current market conditions - only on long-term factors ( > 100 yrs).
How does an NFT works?
An NFT (non-fungible token) is processed through Solsea.io by using Metaplex which is a collection of tools, smart contracts, and more designed to make the process of creating and launching NFTs easier. Metaplex is built on Solana because it is scalable and it has a lot of other great features like its "Proof of History" feature. Solana is the best place to launch NFT's because of the lowest cost of transaction and superb transaction speed and stability. While other 1st layer blockchains might loose the NFT data overtime, with Solana the NFTs are stored on the permaweb which can last forever at the point of being able to guarantee NFT's can be inherited over generations without the risk of losing the investment and/or data.
Do you have comments or further questions?
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