Solaxy (SOLX): A Layer 2 Scaling Protocol to Solve Solana's Congestion Issues
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As Solana faces increasingly severe network congestion issues, Solaxy (SOLX) is emerging, aiming to provide an efficient solution for Solana through its Layer 2 scaling solution. The token presale of Solaxy has also garnered positive attention, raising nearly $3 million.
Overview of SOLX Token Presale
Solaxy's presale has gone through multiple price stages, with the current price of SOLX tokens at $0.00157 each. The price increases whenever the presale reaches a new funding milestone. The presale accepts payments in both ETH and USDT, and also provides credit card/debit card payment options for cryptocurrency newcomers.
To ensure security, Solaxy's smart contracts have been audited by the blockchain security firm Coinsult, confirming that there are no issues or vulnerabilities in its code.
How Solaxy Alleviates Solana's Network Congestion
Solana is known for its fast transactions and low costs, but as the network becomes increasingly congested, the speed and efficiency of transactions are under threat. Solaxy's Layer 2 scaling protocol addresses this issue by:
Moving transactions off the main chain: Solaxy processes transactions on a dedicated Layer 2 network, relieving the burden on the main Solana chain.
Aggregation architecture: Solaxy bundles multiple transactions together and re-settles them on Solana's mainnet, which enhances transaction throughput and reduces network pressure.
Enhancing interoperability: Solaxy emphasizes cross-chain interoperability, particularly between Solana and Ethereum. Users can transfer assets between these two blockchains, providing greater flexibility for cross-chain applications and decentralized finance (DeFi).
Solaxy's SOLX token presale and its technical solutions have attracted widespread attention from the crypto community. By adopting a Layer 2 scaling protocol, Solaxy is expected to alleviate Solana's network congestion issues, improve transaction throughput, and promote cross-chain interoperability. As the presale continues, Solaxy's future may bring significant technological breakthroughs for Solana and new investment opportunities in the DeFi and blockchain space.
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