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Here’s me using Solana: https://twitter.com/portalpayments/status/1622286467136462850 https://twitter.com/portalpayments/status/162228646713646285... Solana t
by nailer 4y ago
Here’s me using Solana:
https://twitter.com/portalpayments/status/1622286467136462850 https://twitter.com/portalpayments/status/162228646713646285...
Solana transaction fees are fractions of a cent as you can see.
Portal, which my cofounder snd I wrote, supports Solana’s transaction priority fees (which still costs less than a cent), which gets transactions into blocks faster, so less than a second as you saw in the video.
The transaction fees are based on compute rather than amount which you probably know, so it could have been a million USDC and the price would be flat.
USDC is considered the best capitalised stablecoin and Portal defaults to it (or EUROC in future) because we care about payments more than speculation.
- deleted 4y ago[deleted]
- alangibson 4y agoI've flirted with USDC as a solution, but AFAIK it's only received attestations not audits. In that case it might as well beonopoly money.
- nailer 4y agoMoody’s just announced that it intends to rate stablecoins which may help (if you more ratings agencies) but yes totally agreed around audits or proof of reserves.