- Solana is a $63 billion programmable blockchain.
- The second-largest cryptocurrency, Ethereum is valued at $490 billion.
A cutting-edge cryptocurrency investment. Consider Ethereum and Solana. Both blockchains are establishing themselves as decentralized application (Dapp) development platforms, which may help attract investors and promote long-term price growth.
Ethereum
Ethereum, launched in 2015 to explore the possibilities of blockchain technology, is now the world’s second-largest cryptocurrency, valued at $490 billion. Furthermore, Ethereum’s responsive development team and first-mover advantage position it well to continue its dominance.
If Bitcoin, considered as a calculator, then Ethereum is definitely a smartphone: a general-purpose computing platform with smart contracts (self-executing programs stored on a blockchain). In addition to non-fungible token marketplaces (typically in the form of digital art), decentralized crypto exchanges, and decentralized financial platforms, consider it the first blockchain geared for Dapp development.
This is part of an upgrade dubbed Ethereum 2.0 that seeks to make the Ethereum blockchain more eco-friendly and boost transaction throughput. However, the timing of the entire changeover is unknown due to the involvement of several parties.
Solana
Solana is a $63 billion programmable blockchain. It has several important technological benefits that may help it attract Dapp development and possible real-world applications.
Solana, which debuted in 2019, isn’t as well-known as its competitors. However, in terms of market cap, it is the sixth biggest cryptocurrency. Furthermore, the Solana website is the world’s fastest blockchain, processing 50,000 transactions per second compared to Ethereum’s 15. It does it by using an innovative consensus technique. By embedding time on the blockchain, the Solana blockchain combines PoS with proof-of-history.
Which token suits you?
The two coins seem to be direct competitors. However, it’s important to remember that crypto isn’t a zero-sum game. Solana’s technological characteristics make it attractive for utility investors. Also, when developers seek to improve the network’s technical capabilities, Ethereum’s strong brand and first-mover advantage will help it.
