What is an ETF?
#ETF (Exchange-Traded Fund), also known as an exchange-traded fund or indexed stock fund, is an investment tool in diversified assets. By cleverly combining assets such as stocks, bonds, commodities and others, ETFs can track the fluctuations of a specific “target index.” Adding to the convenience is that investors can effortlessly buy and sell ETFs on stock exchanges, much like trading stocks, allowing for flexible and diverse investment portfolios.

A couple of days ago, the largest event of the solana blockchain community in the Asia Pacific (APAC) region took place, three days full of code, connect, collaborate & conquer with more than 50 speakers from different media of the solana ecosystem, it took place between June 20 and 22 in Kuala Lumpur, Malaysia.

The Solana Summit brings together the brightest minds in web3 for a powerful gathering. Expect keynote talks from visionary founders and technical deep dives with Solana protocol experts. Designed to drive forward thinking discussions and collaborations, Solana Summit promises to be a pivotal gathering for shapping the future of decentralized technologies in the a Asia-Pacific region.

Among the main speakers of the great event we have Armani Ferrante, who is the founder of the solana wallet called backpack, one of the safest in the ecosystem where you can have all your digital assets and collectibles, it also supports ethereum and arbitrum blockchains which makes it more versatile for investors. Other great celebrities present were Siong, the founder of the Top DEX aggregator in crypto called Jupiter, and finally the Technical Lead Jon Wong, from solana foundation, who gave one of the most informative and interesting talks of the event.
This type of event gives many developers the opportunity to present their proposals and opportunities, where many made their ideas known in search of acceptance and in turn sponsorship from large investors. The atmosphere at this event was full of innovation and camaraderie.
The most discussed topics were Ecosystem Updates, Scalability , Decentralized Finance, Web3 and dApps, which makes it easier to understand Solana solves one of the key pain points faced by institutions and mass-consumer applications: the cost of on-chain account storage. Generalized compression brings the same cost-savings to tokens and accounts as cNFTs did to NFTs before.

Solana Ecosystem Updates: Attendees can expect to hear the latest updates on the Solana platform, including its technological advancements, ecosystem growth, and upcoming initiatives.Scalability and Performance: Solana is known for its high-performance blockchain that can handle more than 65,000 transactions per second (TPS). The conference will explore the cutting-edge technologies behind Solana's high throughput and low-latency performance such as Solana's multiple validator clients.Decentralized Finance (DeFi): The DeFi landscape has exploded in recent years, and Solana has been at the forefront of this growth. The conference will cover DeFi's innovations, trends, and the future of decentralized finance on the Solana platform.Non-Fungible Tokens (NFTs): NFTs have taken the world by storm, and Solana has emerged as a popular platform for NFT creation and trading. Expect to learn about the latest trends in NFTs and how Solana is powering the next wave of digital art and collectibles.Web3 and dApps: Solana's fast and secure infrastructure has made it an attractive choice for Web3 and decentralized applications (DApps) development. The conference will discuss the growing Web3 ecosystem and how Solana can power the next generation of DApps.
Networking and Community Building: Solana Breakpoint is an excellent opportunity to connect with developers, entrepreneurs, and enthusiasts in the blockchain industry. Expect to make valuable connections, collaborate on projects, and join the Solana community.

The Solana community is forging a path for a decentralized future, and the developer community is here for it. With eyes now set on Breakpoint 2024 in Singapore, the Solana ecosystem is poised for its next big leap, ready to embrace new challenges and continue its trajectory towards becoming the backbone of the decentralized web.
#Solana⁩ #Educacion

Solana announced a significant investment of over R$5 million to support content creators and educators in Brazil.

Solana, one of the world’s leading blockchain platforms, has seen its project grow in Brazil largely due to the increased interest of the global crypto market in the SOL token ecosystem.
In light of this, Solana announced a significant investment of over R$5 million to support content creators and educators in Brazil. This move is part of a larger initiative to promote digital inclusion and financial education through blockchain technology in the country.
Those interested in participating in this initiative can register for DEFIHACK, an event organized by Solana Superteam Brasil in partnership with DeFiverso. The hackathon has already started with a week of training, which includes workshops, lectures and mentoring sessions. During the event, participants will have the opportunity to learn about the Solana blockchain and develop theses and articles in areas such as DeFi, NFTs, infrastructure, GameFi and DAOs.

Solana Superteam Brazil plays a key role in promoting digital inclusion and financial education. Through a series of workshops, lectures and mentoring sessions, the team educates participants on the applications of blockchain technology.
Additionally, the Superteam Earn platform connects talent from around the world with projects in the Solana ecosystem, offering opportunities for work and professional development.
These initiatives not only empower thousands of people to create content on the Solana platform, but also prepare professionals for the emerging Web3 market. The transition of developers to jobs in the blockchain space is facilitated by these initiatives, which aim to prepare Brazilians for a more inclusive and financially literate digital future.
Brazil Superteam Mission
Helping launch and grow the most promising projects in the Solana ecosystem in Brazil. It is characterized as a community of creators, developers, and operators with experience in launching and growing technology businesses.

Valuing the autonomy that comes with founding a company, the involvement in the game that comes with investing, and the joy that comes with achieving something. In a world before cryptocurrencies, we had to fit into predefined categories: founder, investor, or employee. Cryptocurrencies allow us to be free and be all three at the same time.
What are DEFIHACK?
It is a hackathon in collaboration between Superteam Brasil and DeFiverso. The main goal is to work together to foster and teach more and more about the Solana ecosystem, allowing you to benefit from this knowledge.
Learning and Development: We will help you learn more and more about the Solana ecosystem. By creating, you study more and learn more, allowing you to understand everything that is being developed and help solve real day-to-day problems through the Solana blockchain.Global Visibility: Through your work and publications, Solana has global reach, and the entire world will be seeing your work. Here at Solana, you are noticed and we value everyone who participates. With this, you can become an exclusive member, receive special prizes, and even work with the Solana team.Working with Solana: We are constantly looking for talent. If you dream of working in the web3 marketplace, Solana is the best place to start. Through the hackathon, we will keep an eye out for new talent.Believe in yourself: Web3 opens the door for anyone to create permissionless applications that will change the way we all interact with finance, gaming, and more. Dream big and use the powerful technologies of web3 (blockchain, cryptography, AI, etc.) to create products that will change the world for the better.

#Solana⁩ #Educacion

Solana is a high-performance Layer 1 blockchain optimized for user experience, delivering fast execution speeds and low transaction costs. Today, Solana delivers 400ms block times, upwards of 2000 transactions-per-second (TPS), sub-cent transaction costs, and is home to over 120 unique applications. 
Formerly known as Loom Network, Solana’s origins can be traced back to 2017, when founder Anatoly Yakovenko published his Proof-of-History whitepaper, proposing a new methodology for keeping time between computers that do not trust or know one another. With the contribution of former Qualcomm co-workers Greg Fitzgerald and Stephen Ackridge, the idea turned into reality and Solana’s mainnet-beta went live in March 2021. 


Similar to Ethereum post-Merge, Solana uses a Proof-of-Stake consensus mechanism, meaning validators influence in securing the network is contingent on the amount of stake they hold. Solana uses the $SOL token to subsidize computational resources for validators, like gas fees, for delegating blockspace through staking, and proliferating the ecosystem. 

What is Solana’s Vision?
In the words of Anatoly, “the goal with Solana is to have one giant global state machine with the lowest latency and lowest fees that physics will allow”.

Why Solana? 
Solana’s unique architecture and key features allows for optimizations in speed, scalability, and costs. Using a monolithic architecture removes the need for liquidity fragmentation and additional developer overhead, allowing developers on Solana to focus on building high quality consumer-centric products and services. 
Speed
Speed is one of the most important factors of internet applications and services today - being able to deliver information with as little latency as possible is critical for businesses with real-time data needs. However, blockchains were originally built around security and decentralization, which came at the cost of speed. 
Bitcoin uses a Proof-of-Work consensus mechanism, in which miners compete to solve a cryptographic puzzle in order to produce the next block. This process is intentionally resource-intensive for security purposes - but it also means transactions can take up to 10 minutes or more to be executed.  Ethereum, which originally used Proof-of-Work before the Merge, produces transactions sequentially - or one at a time. By doing so, the network can be certain the order of transactions for everyone is the correct one. However, as a result, blocks are produced every 12 seconds. Solana uses parallel processing to deliver its high speed and throughput. This is made possible with the Sealevel engine. Sealevel uses a multi-threaded architecture to process multiple non-conflicting transactions concurrently, allowing Solana to deliver its high speeds and throughput. 
Scalability 
As with any digital network, the ability to support an influx of new users and development over time is critical for blockchains. 
Ethereum scalability today is largely contingent on the proliferation of rollups and other Layer 2 solutions. Rollups are intended to scale Ethereum by reducing overall network traffic and activity - they execute transactions in their own execution environment, which are then sent to Ethereum to be settled. However, the growth and advancement of rollups is still largely reliant on Ethereum’s overall success. Using a rollup requires bridging from Ethereum, which imposes complexities for new users. Furthermore, the nature of rollup sequencers has raised concerns regarding the centralization of these alternative systems. Cosmos chains often function as their own blockchain network, and are therefore responsible for their own scalability - there is no particular blueprint or roadmap. Cosmos app-chains offer customizability that can enhance application experience, and are interconnected among each other by the IBC. However, this approach hinders adoption for newer applications which still need to bootstrap users. On the other hand, Solana’s scalability is mostly contingent on continuous breakthroughs in hardware development. Moore’s law suggests that the number of transistors on a microchip doubles every 2 years at minimal cost, meaning hardware becomes exponentially more efficient over time. Similar to AI models, Solana’s growth and advancement over time requires continuous breakthroughs in the efficiency of compute. Furthermore, Solana has introduced key features like state compression, which allow data to be processed and stored at a fraction of the cost previously. This is already actively in use with applications like DriP, which mint (millions) of cNFTs on-chain every week. 

Cost-Savings 

Gas fees are a part of any blockchain network - they provide a subsidy for the computational resources exhausted by validators to secure and verify the network. However, historically speaking, service providers aim to lower costs for businesses, oftentimes engaging in a “race to zero fees” with competitors. 
Ethereum has undergone numerous developments in its approach to gas. Currently under EIP-1559, Ethereum gas is calculated by a dynamic model which adjusts for network activity - as activity picks up, so does the gas fee. The fact remains that today, the costs of operations on-chain are quite high on Ethereum due to gas. On the other hand, Solana offers exponentially lower transaction costs. It uses a uniform base fee of < $.01 for all transactions, in addition to a priority fee which the sender can opt in to. This allows for use-cases not possible on other networks - for example, Jupiter’s DCA feature, which performs multiple transactions at varying market conditions on user’s behalf. On Ethereum, a feature like this could cost the end-user hundreds of dollars in gas fees alone, whereas on Solana, this may be worth a penny at most. 
Conclusion 
Solana is a high-performance integrated Layer 1 blockchain. Its unique architecture and features offer enhancements in speed, scalability, and cost-savings relative to other blockchains. While other networks and ecosystems, such as Ethereum or Cosmos, provide developers with many tools and resources to choose from to custom-build their chain, Solana allows developers to focus directly on building end-user products and services. 

Solana is building the most powerful global state machine possible, empowering a wide range of retail and enterprise-focused products and services that are indeed, Only Possible On Solana.  

Disclaimer: None of the content in this article should be construed as financial advise. It is for information purposes only. Always do you own research.

#Solana⁩ #Educacion #Solana🚀

SPL Token is the term we use to define Solana tokens, used for different functions and utilities. SPL is Solana's standard token, analogous to the ERC-20 tokens of the Ethereum network. The most well-known and important is SOL, the Solana Blockchain governance token, used as a currency for payment, transfer of value, execution of contracts or participation in the governance of the network.

The term SPL stands for "Solana Program Library", that is, SPL Token means a token that comes from the Solana program library, which follows certain standards.
What Are SPL tokens?
Fundamentally, SPL tokens are tokens that operate on the Solana blockchain. SPL defines the set of rules that define how tokens should operate on the Solana network, where compliance with these standards will ensure interoperability with Solana wallets and smart contracts.
SPL tokens run parallel to the Solana native coin and can be spent like any other cryptocurrency. However, they are abstracted from the core operations of the Solana blockchain, unlike the native coin. Therefore, SPL tokens are not used in the network’s consensus, and every transaction involving SPL tokens comes with a network fee which is paid in the native Solana coin.

The SPL defines operation standards for fungible and non-fungible tokens on the Solana blockchain. Unlike ERC, where different standards are set for different types of non-fungible and fungible tokens, the Solana Primary Library doesn’t have a specially computed standard for the different token types. 
So, the SPL standard applies to fungible and non-fungible Solana tokens. The difference in operation is defined at the token creation stage, but this is basically in terms of the number of tokens minted, divisibility, and extra attributes that could be abstracted.
How Are SPL Tokens Created?
SPL tokens are created by interacting with the smart contract facility of the Solana blockchain through pieces of code developed using the Solana blockchain’s programming language (Rust). This process is known as Minting.

To mint an SPL token, you can write the code from scratch or modify the codebase for an existing SPL token. Certain applications have also been developed to help creators mint SPL tokens without doing much coding. During the minting stage, the core properties of the token are defined. For instance, to create a non-fungible SPL token, the supply is set to one and the decimal function is removed. For fungible tokens, the developer defines the decimal function to allow the token to be sent in splits. Also, the supply data is adjusted according to the project’s tokenomics strategy.
Key Points
Tokens represent ownership over either fungible (interchangeable) or non-fungible (unique) assets.The Token Program contains all instruction for interacting with both fungible and non-fungible tokens on the network.The Token Extensions Program is a new version of the Token Program that includes additional features while maintaining the same core functionalities.A Mint Account represents a unique token on the network and stores global metadata such as total supply.A Token Account tracks individual ownership of tokens for a specific mint account.An Associated Token Account is a Token Account created with an address derived from the owner's and mint account's addresses.
Most Common Use of SPL Tokens
Some use cases for SPL tokens include:
DAOs
Decentralized autonomous organizations (DAOs) can also tokenize the governance of the project using SPL tokens. Projects can issue SPL tokens to their community and develop voting portals that accept these tokens for submitting and voting on proposals. Each SPL token issued for this purpose represents an opinion, where the number of SPL tokens held by an individual is proportional to their influence in the community decisions.
NFTs
Digital asset creators can mint unique SPL tokens as digital signatures to their multimedia, gaming assets, or any known use case for NFTs. In this case, the creator mints an SPL token with a supply set to ‘one’ and no decimal function. This removes the fungibility aspect and such tokens can function as an NFT. There are provisions for extra functions like defining the NFTs attributes and transfer arrangements. Some notable NFTs on Solana include Mad Lads and Famous Fox Federation.
Solana’s Token-2022
The Solana token program is set for a couple of new introductions as part of the Token-2022 program currently in development. Token-2022 is meant to enhance the functionality of SPL tokens, giving way for new abilities in addition to the existing attributes. Token-2022’s new introductions will expand the minting and spending properties of SPL tokens and will allow users to explore even more use cases for SPL tokens. The new introductions are classified into Minting and Account functions.

New Minting Functions
Interest-bearing tokens: Allows creators to add interest-bearing logic to an SPL token.Transfer fee: Developers can introduce extra fees when an SPL token is transferred.Transfer functions: Developers can specify advanced transfer operations for an SPL token. Tokens can be set as non-transferrable.
Last Words
Well, today we learned what SPLs are. Actually, before researching, I thought they were Axie Infinity's SLPs haha. It tends to confuse people, but now we can properly say that they are Solana network tokens, like Binance's BEP-20, or Tron's TRC-20. All of this is super interesting. Solana is a world of possibilities, and every day you learn something new and you are driven to want to know more and more.
Resources:
https://solana.com/docs/core/tokens
https://spl.solana.com/token
$SOL #Solana #DeFi #Educacion