Why Solana?

​Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption. Solana was selected for its performance and technical innovations, allowing it to achieve low transaction latency (by blockchain standards), high throughput, and low fees.

Main features of Solana:

• Supporting 50k transactions per seconds (TPS)

• Block times of approximately 400ms

• Network fees of $0.0001 per transaction

• Bridge technologies

As we aim to fix the main problems of Forex, these features are essentials for our goal. The problems we address are: Settlement, middlemen, not being open 24/7. Decentralization + Solana gives us the opportunity to build a fully decentralized 24/7 Forex market that does not require any brokers or middlemen.

Even though some cash-backed stablecoins have not entered Solana blockchain yet, we can use Portal Token Bridge by Wormhole to bring those tokens from various blockchains such as Ethereum, Terra, Avalanche, Binance Smart Chain, and etc.