3 things you didn’t know about Solana – The ₿log

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1) Solana is the most competitive Ethereum competitor

witherEthereum Killer most glorious. we are talking aboutethereum killer Referencing smart contract blockchains that try to attract new users by offering innovative features at lower fees than Ethereum.

Solana is a smart contract blockchain that has quickly established itself as one of its biggest competitors. your Ethereum. The evolution of market capitalization reflects competitiveness. in 2021, to the left rose from the shadows and became the top 10 cryptocurrencies on CoinMarketCap.

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Solana, games, DeFi platforms and NFT.

2) Solana uses an innovative consensus mechanism called Proof of History (PoH).

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Only players who own a certain amount of coins can verify transactions on a Proof of Stake (PoS) blockchain.

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Solana, on the other hand, uses Proof of History (PoH), which is a faster mechanism than PoS. PoH verification is a new method of transaction processing that supports faster verification time. To process transactions quickly, Solana has added timestamps to the verification methodology. This consensus method is more open and more democratic, as not every SOL stock node has to validate a transaction.

3) More than 1000 DApps created in Solana

Ethereum has been around since 2015 and continues to host the vast majority of decentralized applications. This can be explained by the fact that coders are already familiar with the Ethereum infrastructure and programming language.

However, other networks are catching up, and Solana is one of the most popular. Solana has grown from around 300 Dapps in 2021 to more than 1,000 DApps currently running on the network, according to Trading-education.com. They include everything from DeFi projects to NFTs.

NFT sales in Solana are up over 60% after the leading OpenSea marketplace added network support mid last week. pic.twitter.com/MGkU6vAoTb

— SecretNFT dApp (@SecretNFT_store) April 12, 2022

The DappRadar site lists: Solana’s DApp most famous for exploring.

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Alm Maye has been a trader and analyst since 2013. He specializes in stock markets, Forex and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to personal finance. He participates in the development of featured articles on specialized sites such as actions-boursieres.fr and the international network of Finixio.com.

Source From: Google News

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