Solana's New Feature Enables Crypto Transactions On All Websites.
- Posted on June 28, 2024 3:20 AM
- Cryipto News
- 158 Views
Solana Foundation is introducing a new feature that allows any website on the network to connect. Solana Actions and blockchain links or "blinks" enable any website to perform Solana transactions through a shareable URL. According to the announcement on June 25th, this new feature provides an interface for executing Solana transactions via a shareable link. Users can conduct crypto transactions without leaving a website. This feature is ideal for various applications such as crowdfunding, online trading, and voting on the blockchain.
Chris Osborn, the founder of Dialect, stated: "Through your X flow, you can purchase an NFT, tip a content creator, receive money, vote, stake, swap, and perform many other transactions." According to a statement from Solana Foundation, Dialect is the team behind developer tools empowering Actions, offering services such as forkable, self-hosted transition signing sites, and software development kits.
Sharing a blink is possible using websites, social media platforms, and physical QR codes. Jon Wong, Chief Ecosystem Engineering Officer at Solana Foundation, noted that Actions and blinks on Solana serve as a distribution point for interactions on any website or application.
Solana Foundation's security roadmap for its new feature will enable wallet support for Actions and blinks. According to the foundation, when a wallet attempts to pull a transaction from an unfamiliar application programming interface (API) for the first time, users will receive a "connect to site" alert.
"If the site area has previously been connected to the wallet, the likelihood of the site area being trustworthy is higher. Similar to DApps, Action transactions will always be simulated before execution."
To enhance security, Solana collaborates with trusted domain names like Jupiter, Helium, Truffle, Phantom, and Backpack.
Solana network has experienced significant growth in the past few months, facilitated by low transaction fees that have enabled the emergence of new projects like memecoins and decentralized infrastructure protocols.
According to a recent report by Pantera Capital, Solana captured over 60% of the new volume on decentralized exchanges in May 2024.
"Solana accounted for over 85% of the new token volume on decentralized exchanges as of May 2024, marking a substantial increase compared to a year ago. This rise in Solana-based tokens reflects the strength driven by individual investors participating in memecoin activities."
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