Solana (SOL) — The New King of Smart Contracts?
What is Solana Sol? 101: Introduction Many titled Ethereum (ETH) as the ultimate leader, but can Solana (SOL) become the new king of smart contracts? In this article, we’ll explain everything you need to know about our newest listing, which aims to be the fastest and most scalable crypto ecosystem out there.
Solana (SOL) is a full-blown decentralised ecosystem that leverages its own blockchain to run smart contracts, Decentralised Applications (DApps), as well as to support NFTs, feature Web3 elements, and handle transactions in general, at virtually unmatched speed. Solana is capable of dealing with thousands of transactions each second, making it one of the fastest processors of the crypto world.
Solana’s Best Elements
Solana’s biggest benefit compared to other systems is undoubtedly its immense scalability. The network is architected to adapt and grow as its users do, to eventually support a global audience with ease. Also, Solana made it as simple as possible for DApp developers to introduce solutions. With its ready building blocks, anyone is said to be able to assemble, test, iterate, then launch DApps, faster than pretty much anywhere else.
Solana vs. Ethereum
Solana offers a lot, but how does it compare to Ethereum, the alleged number one of the industry? First, the numbers: according to official sources, Solana’s transactions per second (TPS) indicator stands at around 2,500, while Ethereum 1.0 reaches around 14. Moving on to how these two giants are secured, Solana utilizes its version of the popular Proof-of-Stake (PoS) consensus algorithm, while (read more)…
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