Solana
Solana will achieve heights of up to 200% why ⁉️‼️
And perhaps much more‼️👀
🔰Follow me and see this team that works quietly but their results are very revealing and very tempting
Of course, here are 10 differences between the Ethereum network and the Solana network, with the pros and cons of each:
And it's clear that Solana is coming in strong 🔥🔥🔥🔥🔥
1. Consensus Mechanism:
🟡• Ethereum: Used to use a Proof of Work (PoW) mechanism and then transitioned to Proof of Stake (PoS) with Ethereum 2.0.
🔵• Solana: Uses a Proof of History (PoH) mechanism with Proof of Stake (PoS).
2. Scalability:
🟠• Ethereum: Facing scalability issues with increased usage, but there are improvements in layer two solutions like Arbitrum and Optimism addressing this problem.
🔵• Solana: Designed to be fast and scalable, achieving a throughput of about 65,000 transactions per second.
3. Transaction Speed:
🟠• Ethereum: Transaction rate is about 15-30 transactions per second after the upgrade.
🔵• Solana: Reaches 50,000 transactions per second or more, making it one of the fastest networks.
4. Transaction Fees:
🟠 • Ethereum: Gas fees can be high during congestion.
🔵 • Solana: Its fees are very low relatively, suitable for small transactions.
5. Security:
🟠 • Ethereum: More decentralized thanks to the wide distribution of nodes.
🔵 • Solana: Less decentralized due to the number of available nodes, meaning it might be more vulnerable to hacks.
6. DeFi Applications:
🟠 • Ethereum: The primary destination for DeFi applications due to the large environment.
🔵• Solana: Has an emerging ecosystem but is growing rapidly in the DeFi space.
7. NFT Applications:
🟠 • Ethereum: Dominating the NFT market thanks to a large number of users.
🔵• Solana: Attracting developers and users due to its low fees and speed.
8. Network Stability:
🟠 • Ethereum: Considered more stable and has not suffered major outages.
🔵 • Solana: Experienced some outages, especially during high congestion times.
9. Compatibility with Programming:
🟠• Ethereum: Strong support for programming languages such as Solidity and Vyper.
🔵 • Solana: Primarily uses Rust, but requires specific skills to develop smart contracts.
10. Spread and Fame:
🟠 • Ethereum: More famous and widespread among developers and users.
🔵 • Solana: Gaining popularity quickly but still competing with Ethereum in this field.
Ethereum Positives:🟠✅
• A broad environment including DApps and DeFi.
• High stability and security due to decentralization.
• Wide compatibility with many tools and programming languages.
Ethereum Negatives:🟠⛔️
• High gas fees during congestion.
• Limited scalability compared to other networks.
Solana Positives:🔵✅
• High transaction speeds and low fees.
• Design supports scalability excellently.
• Integration with high-performance NFT applications.
Solana Negatives:🔵⛔️
• Relatively centralized issues.
• Experienced outages in the network, indicating stability issues.
• Complexity in developing smart contracts for developers who lack Rust experience.$SOL
SOLUSDT
Always
141.04
+0.05%
$ETH
ETHUSDT
Always
1,649.55
+2.42%
These points give an overall view of the differences, features, and drawbacks of both Ethereum and Solana networks.