Blockchain

The Ryber ecosystem will be developed on the Solana blockchain for a variety of reasons.

Firstly, Solana’s architecture allows several hundred thousand transactions to take place per second without data partitioning. Since the speed of our platform is paramount, this is an important factor.

Secondly, the low fees featured on the Solana blockchain will make our platform accessible and profitable for our users.

While the blockchain is new, when compared with competitors, it has already demonstrated that it can deal with scale, quickly solving outages and improving the system, boasting around 2 million active monthly users. This is important for future-proofing the Ryber ecosystem.

The blockchain is a new contender on the market, and its instability caused by transaction surges can’t be ignored. However, we are confident that these are growing pains, and trust the very talented team behind the project. Indeed, there’s no question that Solana fits our requirements down to a tee, and we’re excited to build upon such an exciting foundation.