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Solana developers have developed two new tools to improve mass adoption of cryptocurrencies and unlock crypto transactions on various Internet platforms.
The Solana Foundation introduced “Actions” and “Blinks” as avenues that allow users to broadcast cryptocurrency transactions to the SOL blockchain from external decentralized native applications or dapps.
Through Shares, users can settle trades or on-chain transactions from any platform with a URL. It can be executed on social networks and from QR Codes. Blinks relies on a Farcaster feature called Frames to facilitate shared links for supported actions.
The head of ecosystem engineering at the Solana Foundation, Jon Wong, saying On Tuesday, Actions and Blinks will allow sending funds directly from a wallet like Phantom, nft purchases on Tensor, voting on Realms proposals, subscribing to newsletters and content from Acess Protocol, and crypto trading on the Jupiter exchange, to name a few.
“We must reach the “first billion” users where they already are: on their favorite apps and websites,” Wong said, referring to solutions to onboard one billion people to cryptocurrencies. Other projects, such as Backpack, Cubik, Helius, Helium, Sanctum, and Truffle, also plan to test Solana actions and blinks as the tools are introduced to end users.
What can go wrong?
Since its inception, mass adoption and widespread integration have been centerpieces of the decentralized thesis. For years, developers have debated and theorized how to safely push on-chain utility to larger user bases.
The conundrum has led several crypto startups to add support for Web2 entities like PayPal and establish partnerships with Visa. However, many have insisted that cryptocurrencies truly going viral should occur through blockchain products tailored to market demand.
Actions and Blinks may offer a gateway to achieving this, but concerns abound due to bad actors and a host of crypto scammers lurking around digital asset brokers.
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As several users pointed out, allowing any website to serve as a launching point for crypto transitions on the Solana blockchain could expose users’ funds to phishing campaigns orchestrated by imitating genuine platforms.
The link sharing made possible by Blinks can also incentivize hackers to spread malicious URLs used to compromise private keys and drain assets.
As a working solution, development workshop. x.com/saydialect/status/1805588483643523548?s=46&t=TMI07H21nqgKjjcESnhqEQ” target=”_blank” rel=””>Dialect revealed a collaboration with Solana, Phantom and other adjacent protocols for a public registry of Shares. It is unclear whether a Blink loophole mitigation strategy is also underway.
Could Solana be the chain of everything?
Over the past 12 months, Solana has solidified its position among major blockchains for its inexpensive transactions and easy-to-send token standards. While both features have served as a rallying cry for advocates insisting the network is ready for mass adoption, they have also strained the chain and caused downtime on several occasions.
Most of the congestion can be attributed to memecoins, which have seen a surge in activity in recent months. Still, adoption has also reportedly increase monthly active SOL addresses to a new all-time high of nearly 42 million.
The developers have also shipped fixes, strengthening the network's ability to maintain uptime without failures for several consecutive months. In the long term, observers like LinksDAO founder Mike Dudas believe that on-chain improvements and shipments of products like Actions may be critical for Solana and cryptocurrency adoption as a whole.
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