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« on: September 05, 2022, 09:19:48 AM »
Here are some of the reasons why Solana could be the next Ethereum:
- Solana is faster and more scalable than Ethereum. With a transaction processing speed of up to 50,000 transactions per second, Solana is significantly faster than Ethereum, which can only handle around 15 transactions per second. This increased speed and scalability could make Solana the preferred platform for dApps that require high transaction throughput.
- Solana is more energy-efficient than Ethereum. One of the main criticisms of Ethereum is its high energy consumption, as the Proof-of-Work (PoW) consensus algorithm requires a lot of electricity to run. Solana uses a Proof-of-Stake (PoS) consensus algorithm, which is much more energy-efficient. This could make Solana more attractive to developers and users who are concerned about the environmental impact of blockchain technology.
Only time will tell whether or not Solana will be next Ethereum as the leading platform for dApps and smart contracts. However, the platform does have a lot of potential and could definitely give Ethereum a run for its money in the months and years to come.