Solana Crypto | Solana cannot serve as the backbone of the so-called “new” global financial system why ?
TABLE OF CONTENT 1. Solana blockchain 2. Solana cannot serve as the backbone of the so-called “new” global financial system why ? 1. Solana blockchain Solana is a high-performance blockchain platform known for its fast transaction speeds and low costs, making it popular for decentralized applications (dApps) and NFTs . It uses a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS) to achieve high throughput. This allows Solana to process thousands of transactions per second, addressing the scalability issues that traditional blockchains like Ethereum often face. SOLANA CRYPTO features of Solana 1. High Speed and Scalability: Solana can theoretically handle up to 65,000 transactions per second (TPS) with sub-second finality. 2. Low Transaction Costs: Transaction fees on Solana are typically much lower compared to Ethereum, which has helped attract developers and users looking for affordable solutions. 3. Developer-Friendl...