Yieldstreet Founder Says Solana Was Chosen for Reliability and Scale

Michael Weisz, founder of Yieldstreet, said the platform selected Solana for its speed, low fees, and scalability after facilitating more than $6 billion in investments.

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Summary

Michael Weisz, founder of Yieldstreet, said the investment platform chose Solana (a high-performance blockchain) because of its proven reliability, high speed, low cost, and large-scale capacity. Yieldstreet says it has facilitated more than $6 billion in investments across over 500,000 users, underscoring the company’s focus on infrastructure that can support broad user activity and transaction volume.

Terms & Concepts
  • Solana: A blockchain network designed for fast transactions and low fees.
  • Scalability: The ability of a blockchain system to handle higher transaction volume without slowing down.
  • Blockchain: A distributed ledger used to record transactions across a network.