Hello everyone! A quick question for today. Do you store your cryptocurrencies in a physical wallet (Key #Ledger ) or in a digital wallet (#Binance ,#coinbase , #MetaMask …etc)
I’m interested in your feedback, so feel free to respond 👇
🔹 Arbitrum (ARB) : Everything you need to know about the token of Ethereum's Layer 2 solution Introduction :
Arbitrum is a Layer 2 scalability solution for Ethereum, designed to improve network performance in terms of speed and transaction fees. Launched by Offchain Labs, Arbitrum uses a technology called Optimistic Rollups to group transactions and validate them off the main chain of
before sending them back in a condensed form on the main network (Layer 1). The native token of this ecosystem is the
To start, I will simply introduce you to what Solana is.
1. Introduction
Solana (better known as SOL) is a next-generation blockchain, renowned for its speed and scalability*. Launched in 2020 by Anatoly Yakovenko, it aims to overcome the limitations of Ethereum by offering a network capable of processing up to 65,000 transactions per second with extremely low fees (0.00025 $/transaction).
Its architecture is based on an innovative Proof of History (PoH) mechanism, coupled with Proof of Stake (PoS). PoH allows transactions to be timestamped, thus reducing validation times and increasing the overall efficiency of the network.
*Scalability: A term used to designate the ability of a computer product to adapt to fluctuations in demand while maintaining its various functionalities
2. Ecosystem and use cases
Solana is very present in the DeFi (Decentralized Finance), NFTs and blockchain gaming sectors. Platforms such as Serum (DEX), Raydium (AMM) and Magic Eden (NFT marketplace) show the scale of its ecosystem.
3. Advantages
The main advantages of the SOL Platform are its speed and scalability, unmatched in the blockchain universe. Which is one of its biggest assets. Its low fees, which attracts many developers and users. Its ecosystem is expanding rapidly in DeFi and NFTs.
4. Limitations and challenges
Its relative centralization, with a limited number of validators. Frequent technical failures in its mechanism, raising doubts about its reliability. Strong competition from blockchains like Ethereum (ETH), Avalanche (AVAX) and Binance Smart Chain.
5. Conclusion
Despite its challenges, Solana remains a major blockchain with growth potential, especially if it manages to improve its stability and strengthen its decentralization.