{"id":12911,"date":"2022-01-18T01:02:44","date_gmt":"2022-01-18T01:02:44","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/meet-solana-the-eth-killer\/"},"modified":"2022-06-24T23:26:19","modified_gmt":"2022-06-24T23:26:19","slug":"meet-solana-the-eth-killer","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/meet-solana-the-eth-killer\/","title":{"rendered":"Meet Solana. \u00abThe ETH Killer\u00bb."},"content":{"rendered":"

<\/p>

In the race to dethrone Ethereum <\/strong>from the blockchain leadership, Solana is fast becoming the alternative, considered by several investors as \u00abthe ethereum killer<\/strong>\u00bb Why? Because it is faster and cheaper.<\/p>

The reason why Solana emerges as the most effective digital asset alternative is basically its ability to provide high performance at low cost and with an ease of use for various applications, such as micropayments, Decentralized Finance NFTs Web3 and P2E games<\/a><\/strong>.<\/p>

The reason why Solana is considered the killer of Ethereum<\/strong> is simply because, given its versatility, new development and investment trends tend to look in this direction, over the currently positioned Ethereum.<\/p>

It is a progressive issue, while the forerunner of cryptocurrencies, Bitc\u00f3in is currently the most valuable blockchain, Ethereum added an evolution to what was known of blockchains, with the integration of smart contracts<\/strong>, which currently represent the foundational base in the creation of any cryptocurrency project and digital token<\/a><\/strong>.<\/p>

The current problem with ethereum, in addition to its global climate implications, is its saturation. Most of the successful projects are found here. Meanwhile Solana offers speed, simplicity and being cheaper.<\/p>

Solana is said to be shaping up to be the visa of the blockchain. There are many reasons to ensure it, among them, the speed of its transactions, which are 1700 per second (TPS) but with a slack that allows it to reach up to 24000 TPS.<\/p>

The comparison is indisputable and one of the main attractions for developers. While Solana handles that TPS volume capacity, Ethereum maxes out at 15 TPS and Bitcoin 6 TPS. In addition, the block speed it can reach is also visibly higher compared to ETH and BTC who share an average of 10 to 20 seconds in ETH and up to 10 minutes in BTC, meanwhile, solana has a block speed of 400 milliseconds.<\/p>

Solana currently operates with an average of 2376 TPS<\/strong> and with a cost per transaction of 0.00025 dollars, while both ETH and BTC have an average of between 2 and 6 dollars.<\/p>

For investors, Solana also offers undeniable appeal. While on January 1, 2021 SOL was trading at $1.80<\/strong>, it currently exceeds $140, reaching close to $260 at times.<\/p>

Perhaps most important of all, it is the ecological impact of which there is currently great controversy, especially accompanying Ethereum and Bitcoin<\/strong>. It is known that thanks to its consensus protocol, called PoW (proof of work), the energy consumption of these two blockchains is so high that it is on par with the energy consumption of entire countries, ranking 56th.<\/p>

Solana uses the PoS or Proof of Skate consensus protocol<\/strong>, a mechanism that, in addition to being efficient, could be the closest reason why Solana is known as the Ethereum killer.<\/p>","protected":false},"excerpt":{"rendered":"

In the race to dethrone Ethereum from the blockchain leadership, Solana is fast becoming the alternative, considered by several investors as \u00abthe ethereum killer\u00bb Why? 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