Solana Tensor Foundation Soon to Release TNSR Governance Token

Bittime - The blockchain world is buzzing again with plans for the Solana Tensor Foundation to release their new governance token, TNSR. 

This launch occurred amidst a surge in NFT (Non-Fungible Token) trading volume which reached $2.2 billion (around Rp. 32.4 trillion). Let's take a deeper look at Solana and what the presence of the TNSR token means for its ecosystem.

Getting to know Solana

Solana is a third-generation blockchain platform focused on scalability, security, and cost efficiency. Solana is known for its innovative technology, including:

• Proof of History (PoH): Solana uses a unique Proof of History ( PoH ) consensus mechanism to verify the order of transactions. This allows Solana to process transactions at high speed and low fees.
• Sealevel: Solalevel is Solana's horizontal sharding solution, which enables parallel transaction processing on multiple validator nodes, thereby increasing network scalability.
• Gulf Stream: Gulf Stream is a Solana data transmission protocol designed for fast and efficient off-chain transactions.

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The Growing Solana Ecosystem

Solana has developed into a dynamic blockchain ecosystem, with a variety of decentralized projects ( DeFi ), decentralized financial applications ( dApps ), and NFTs. Some examples of projects built on Solana include:

• Serum: Serum is a fast and cost-effective on-chain decentralized exchange (DEX).
• Solanart: Solanart is Solana's leading NFT marketplace, featuring digital artwork, collectibles, and other assets.
• Raydium: Raydium is a DeFi platform that offers various services, such as liquidity mining and Automated Market Maker ( AMM ).

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TNSR Governance Token

The Solana Tensor Foundation has not revealed complete details regarding the TNSR token. However, speculation suggests that TNSR will be a governance token that allows its holders to participate in important decisions regarding the development of the Solana network.

It is hoped that the launch of TNSR can drive further growth and decentralization of the Solana ecosystem. TNSR token holders could potentially have a say in:

• Upgrade network protocols
• Allocation of grant funds
• New feature integration

Conclusion

The launch of the TNSR governance token by the Solana Tensor Foundation marks a significant step forward for the Solana ecosystem. With the increasing popularity of NFTs and the adoption of blockchain technology in general, it will be interesting to see how the TNSR token and the Solana ecosystem develop in the future.

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How to Buy Solana (SOL) on Bittime

You can buy and sell Solana (SOL) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Solana (SOL) is available on Bittime with the market pair SOL/IDR . To be able to buy SOL/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Solana (SOL) on Bittime. 

Monitor price chart movements for Solana (SOL) , Ethereum (ETH) , Bitcoin (BTC) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Solana (SOL) Future & Solana ETF Predictions

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.