Solana blockchain
Solana was chosen as the underlying blockchain to allow for low-cost and high-speed transactions. It is a high-performance, permissionless blockchain based on Proof of History (PoH). As of writing, it can handle 65,000 transactions per second with 400 millisecond block times. The protocol is designed to scale together hardware and bandwidth improvements, with capacity expected to double every 2 years. Solana is a blockchain which is safe, and immune to censorship, and it provides the open infrastructure necessary for worldwide adoption. Solana was chosen because of its performance and technical advancements, which enabled it to achieve low transaction latency (by blockchain standards).
Advantages
While CODI is based on Solana, every node in the network will assist the customer in ensuring a reliable source of time. In summary, based on Solana ecosystem will deliver reliable and timely trading. Customers that utilize CODI DEX will get the speed, low gas fees, and user experience they expect from a centralized exchange. Furthermore, the perfect cross-chain function allows customers to exchange various cryptocurrency such as BTC, ETH, ERC20, and SPL tokens. Solana allows you to directly trade cryptocurrencies without complicated steps or procedures, allowing you to effectively overcome the limitations of the current DeFi system.
Last modified 1yr ago