Q Safe Wallet
  • Getting Started
    • Overview
    • FAQs
  • Technical Details
    • Account Creation in Wallet
    • Quranium Chain Transaction Signing
    • ML-KEM Encryption for Backups
    • Backup and Recovery
  • All Features
    • Onboarding
    • Activity Section
    • Add Account
    • Multichain
    • Sending Transaction
    • Deposit Funds
    • Swapping
  • MULTICHAIN COMPATIBILITY
    • Quranium
    • Bitcoin & Derivatives
    • EVM
    • Solana
    • Other Chains
  • BEST PRACTICES
    • Secure Your Backup and Mnemonic
    • Validate Transaction Details Before Signing
    • Monitor Account Activity Across Chains
    • Safe Interaction with DApps
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On this page
  • 1. High-Speed Transactions (50k TPS)
  • 2. Low Fee Structure ($0.00025 Avg)
  • 3. SPL Token Standard Support
  1. MULTICHAIN COMPATIBILITY

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:

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.

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.

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.

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Last updated 16 days ago