Perspective Peers of Ethereum: Solana
Native
token of Solana blockchain protocol skyrocketed by 12,000% in 2021 thanks to
the various technological innovations that it was introduced to, and it is now
in great demand compared to crypto market oldies like Ethereum. The market cap
of Solana is only 7% of the Ethereum, bearing a great potential behind it.
A famous
crypto billionaire and founder of Alameda giant investment fund Sam
Backman-Fried is backing up the development of Solana. He is well known for his
FTX crypto exchange foundation, a major rival to the number one Binance crypto
exchange. So, any perspective projects within the Solana network have easy
access to funds and this is extremely positive for the entire Solana network. The
digital industry is favouring such backups as large investors with huge
resources that can support coin prices and network marketing campaigns. The
current correction of the crypto market is considered by crypto enthusiasts as
a good opportunity to add Solana to their long-term portfolios with 85%
discount. If token prices recover to their peaks, it will mean a profit of 550% .
The major
advantage of Solana is considered to be its Proof-of-History technology that
aligns all network transactions chronologically. Solana’s blockchain is the
only one that has the ability to sort transactions in this way. Other
advantages of the protocol are distribution of the block information among
validators to increase the network’s processing capacity, parallel functioning
of smart contracts, processing transactions without mempool (a location where
unconfirmed transactions are stored), the horizontal structure of accounts data
base, and many others.
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