Torus is Collaborating with Solana to Build Scalable Mainstream Decentralised Applications
It’s no secret that the friction for new users to onboard into the blockchain ecosystem is notoriously high, and is arguably one of the biggest reasons for its slow adoption. A big driver for this friction is that Key Management is complicated, users having to take ownership in safely memorising or storing their Private Key and mnemonic password. Especially when compared to existing Web 2.0 applications with Single-Sign-On (SSO) solutions via Facebook or Google enabled. The other driver for this friction has been performance and cost. An example we’d all be familiar with is the use of cryptocurrencies as payments, where Bitcoin was accepted on the Steam platform at one point but was eventually dropped partly due to its price volatility, but also due to high transaction fees during network congestion and slow settlement.
As a result, we’re excited to share that both Solana and Torus have decided to collaborate, as both our teams are focused on making blockchain more user-friendly, scalable and easy-to-use in their own way. For Solana, the focus is on enabling a high-performance protocol with cost-efficient transactions and sub-second confirmation times. And for Torus it’s to provide a simple authentication solution and make Key Management not only as simple as existing Web 2.0 applications, but also compatible with them. Combined we hope to amplify the benefits unique to each of our technologies and provide a more holistic solution for end-users.
In recent performance stress tests, Solana demonstrated that they were able to deliver upwards of 59,000 transactions a second, with 400ms block-times. With each transaction fee estimated to be 0.00001 USD per transaction (or $10 for 1 million transactions). Which is a major leap forward from traditional blockchain protocols. But beyond the raw statistics, they’ve achieved this without compromising decentralisation or security by using a decentralised clock — Proof of History — to order and time events on the network before consensus. This solution doesn’t involve sharding, meaning it retains easy-to-use composability characteristics for developers, avoiding any cross-shard complexity that comes with sharded solutions.
For us at Torus, our network is supported by a collective of validator nodes run by Binance, Etherscan, ENS, Tendermint and other ecosystem stakeholders and is designed to be blockchain agnostic as we believe an improved developer experience/user experience should be accessible for everyone. This collaboration with Solana brings the familiar web OAuth user onboarding experience to a scalable blockchain that has the capability to support a global user base.
This means that any developers looking to build on Solana will now have access to seamless key management via Torus’ DirectAuth integration where they have full control over their own login and user onboarding or wallet systems to suit their users’ needs.
DirectAuth on Solana provides developers with the option to directly interact with the Torus Network to assign, store and retrieve their user’s keys in a non-custodial Distributed Key Generation as a service. The integration is compatible across web and native applications, and lets users manage their keys through OAuth accounts like Google, Facebook, Reddit, Discord, Twitch or Email.
Whether they are looking to build fast, secure and scalable exchanges, marketplaces or other applications tailored to mainstream crowds, they’ll be able to find their solution in Solana.
Solana is a high-throughput blockchain that is currently supporting 50–65k transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world’s first web-scale blockchain, Solana will unlock a whole new class of performant applications and facilitate larger scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction.
To learn more about the technology stack that makes this possible, read more about Solana’s 8 technical innovations here and their technical documentation. Alternatively, join their community through the links below:
Torus provides one-click logins for DApps through the user’s Google, Facebook, Reddit, Discord, Twitch or Email accounts in a single step with no additional installations. With Torus, users can interact with Google emails, Reddit usernames and Discord IDs on the blockchain, regardless of whether the recipient has logged into Torus before.
Try it out at https://app.tor.us
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