Is Solana a more functional blockchain solution than Ethereum?
The Ethereum blockchain proved to be the most resilient tool in the crypto industry. While Vitalik Buterin initially created it as a counter solution to Bitcoin, the technology soon evolved into a massive blockchain ecosystem. Anyone can build and deploy unique applications on the blockchain through the use of smart contracts, such as dApps, DAOs, and DEXs. In addition, Ethereum’s interest in becoming greener and more efficient through the updated roadmap made it the most sustainable blockchain. However, beyond these amenities, Ethereum struggles with scalability and security. The limited throughput and increasing demand for the blockchain come with high transaction fees and slow verification times. Therefore, many investors and developers sought a faster, cheaper alternative offering similar services ―Solana. Launched in 2020, the platform leverages…