SOMA
SOMA is an open-source, decentralized blockchain platform and framework for building and running smart contracts. It focuses on speed and scalability using proof-of-history and Byzantine fault tolerant protocols.
decentralized
smart-contracts
scalability
Soma: Open-Source Blockchain Platform
Decentralized blockchain platform for building smart contracts, focusing on speed and scalability with PoH and BFT protocols
What is SOMA?
SOMA is an open-source, decentralized blockchain platform and framework for building and running smart contracts. It was founded in 2017 by Anatoly Yakovenko and set out to solve major scalability issues facing other blockchains like Ethereum.
Some key features of SOMA include:
- Proof-of-history - A unique protocol that timestamps transactions without the need for mining, allowing for faster throughput
- Byzantine fault tolerant consensus - Allows decentralization and replication across many nodes without fear of failure
- Fast processing speeds - Capable of processing up to 50,000 transactions per second, significantly higher than platforms like Ethereum
- Low fees - Transactions fees are in fractions of a penny due to the efficiency of the network
- Easy development - SOMA provides an easy-to-use framework for building decentralized applications in various languages
SOMA aims to be a platform for the next generation of scalable, high-speed decentralized projects and applications across areas like DeFi, NFTs, gaming, infrastructure, and more.
SOMA Features
Features
- Decentralized blockchain
- Smart contracts
- High transaction speed
- Scalability
- Proof-of-history consensus
- Byzantine fault tolerance
Pricing
- Open Source
Pros
Fast transactions
Low fees
Scalable
Secure
Cons
Less decentralized than some platforms
Still early stage platform
Official Links
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