Solana

QSafe Wallet supports Solana, a high-performance blockchain known for its speed, low fees, and scalability. Below is a detailed breakdown of the key features mentioned:

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1. High-Speed Transactions (50k TPS)

What It Means

• Solana is capable of processing up to 50,000 transactions per second (TPS) — significantly faster than Ethereum.

• This makes it ideal for high-frequency use cases like DeFi, NFT marketplaces, gaming, and Web3 applications requiring fast finality.

Why It Matters

• Users experience near-instant transaction confirmations (typically under 2 seconds ).

• Ideal for real-time interactions, such as bidding on NFTs or participating in decentralized exchanges.

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2. Low Fee Structure ($0.00025 Avg)

What It Means

• The average cost to send a transaction on Solana is $0.00025 USD, making it one of the most affordable blockchains available.

How It Works

• Fees are paid in SOL, Solana’s native token.

• Transaction fees are calculated based on:

  • Transaction complexity (e.g., number of instructions).

  • Network congestion (rare due to high throughput).

• Unlike EVM chains, gas prices do not fluctuate dramatically.

Use Cases Enabled by Low Fees

• Microtransactions (e.g., tipping, content monetization).

• Frequent smart contract interactions (e.g., yield farming, staking).

• Scalable DApps with thousands of daily users.

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3. SPL Token Standard Support

What Is SPL?

• SPL stands for Solana Program Library, and SPL tokens are the equivalent of ERC-20 tokens on Ethereum.

• They allow developers to create and manage fungible tokens on the Solana blockchain.

Supported Features

• Send and receive SPL tokens directly from the wallet interface.

• View balances of popular tokens like:

  • USDC (SPL version)

  • Raydium (RAY)

  • Serum (SRM)

  • Custom SPL tokens (e.g., DAO governance tokens)

• Approve token spending for decentralized apps (DApps).

Token Interactions in Q Safe Wallet

• You can:

  • Send & receive SPL tokens.

  • Approve allowances for DeFi protocols.

  • View transaction history including token transfers.