" Fastest layer 1 coin? "
When I asked ChatGPT, the answer was #Solona
Indeed, at the time of this article, the transaction speed of the Sol network reached more than 3000 TPS, meaning that every 1 second there were more than 3000 successful transaction orders. Meanwhile, Ethereum #eth was 15 - 30 Tps.
That means Sol's transaction speed is 100 to 200 times faster than Eth !!
Although there have been new inventions on Eth's layer 2 to improve speed, to me it's like if you want to trade on eth, you need to go through an intermediary company before you can trade with Eth, but the delay is still there and most of all, the transaction fee is much more expensive than on the Sol platform.
In fact, my experience when transferring money on Sol is really fast, almost immediately when I press the "send" button. Whether sending coins or #nft , it's the same. and the transaction fee will be around 0.0008 - 0.03 USDT depending on the fees of the wallet platforms or the transaction volume.
Solana grew strongly in 2021-2022 when the market realized its potential and power and fell in price when network incidents occurred in 2023. But Eth also has its own incidents, right?
Other layer 1 Blockchains with fast speeds like Aptos, Sui .. are also very fast and great but still not even a fraction of Sol while being advertised as being faster and stronger. But the reality does not show that..
There was a period when Sol was dubbed the "Eth killer" but to me, Sol is simply a transitional stage, an evolution of cryptocurrency to better suit the needs of the community.Bitcoin then Ethereum.. and now Solana
