Blockchain developers continue to work on scaling issues, transaction throughput, centralization concerns, and more—with new blockchains emerging all the time. But similar to the cryptocurrencies created using blockchains, more blockchains are just more of the same. A distributed ledger is a network of stored files in which every transaction is recorded. Blockchain was developed from…

The token also serves primarily as a form of payment and was adopted by Elon Musk’s Tesla. Solana’s native token, SOL, is used for payments, governance and staking. Bonk’s founders believe that these alternative uses limit SOL’s ability to serve as a transactional token. They see Bonk as a solution to fill in the need…