Waves Partners with Solana through Gravity’s interoperability solution

Yellowblock October 14, 2020
Updated 2020/10/14 at 5:19 PM
4 Min Read

Solana will be the first external addition to Waves’ roadmap to achieving mass adoption of inter-chain DeFi through the Gravity interoperability protocol.

As we strive to build an interoperable infrastructure capable of providing DeFi services across multiple networks, we are thrilled to announce the integration of the Solana protocol into Gravity, a decentralized cross-chain and oracle network based on the Waves protocol.

As a result of the integration, the Solana network will be available for data transfers between Gravity network participants.

“Thanks to the Solana integration, Gravity becomes a more enriched infrastructure that enables developers to create universally connected dApps, with more opportunities for practical implementation and mass adoption of DeFi,” says Alexey Pupyshev, Waves evangelist and co-creator of Gravity protocol.

Solana is one of the fastest existing blockchains, supporting 50,000 to 65,000 transactions per second, utilizing the unique Proof of History technology and offering remarkably low fees of $0.00001 per transaction with the Proof of Stake consensus algorithm.

In the initial phase, Gravity will integrate Solana as a target chain, allowing its blockchain to work in conjunction with other integrated chains, oracle systems and data providers and driving the usage of Solana’s native token SOL.

Simultaneously, Solana developers and users will get an opportunity to use other chains’ tokens as payment on its blockchain network and to issue popular tokens of other target chains that are integrated into Gravity. Solana will also become accessible to our partner data providers for transferring data from the internet to Solana’s network, such as crypto trackers, staking providers, crypto exchanges, data aggregators and cross-chain transfer providers.

The integration of the Solana blockchain into the Gravity protocol will offer the community multiple benefits, including but not limited to the following:

  • The SOL token will be available on exchanges based on Waves (for instance, Waves.Exchange) and future Gravity target chains, while tokens issued on Waves will be available on Solana.

About Gravity

Gravity is a decentralized cross-chain and oracle network based on a truly blockchain-agnostic protocol for communication between blockchains and with the outside world, working with native token economies. Gravity provides multi-purpose cross-chain interaction, but without introducing a new Gravity token. The truly blockchain agnostic no-token approach creates a more inclusive, open ecosystem, while addressing future scaling/stability issues. Gravity empowers all elements of Waves’ ecosystem but, more importantly, it acts as a two-way portal between Waves.tech and the entire open finance ecosystem.

WebsiteWhitepaperTelegram | MediumTwitter | RedditLinkedInFacebook | Github

About Solana

Solana is an ultra-fast, low-cost, low-latency layer 1 blockchain. The network allows developers to combine the secure and self-sovereign properties of blockchains with front-end experience indistinguishable from the modern web.

Solana and its community place a high priority on cross-chain interoperability to grow all decentralized economies and elevate the existing applications currently built on other chains.

Twitter | Telegram | Reddit | Youtube | Medium | VK | Weibo | Blockfolio

Share this Article