Is Solana an Ethereum killer?

While Ethereum still has over $125 billion locked within its ocean of dApps, Solana is growing exponentially . Since its creation in 2017, Solana has become the sixth most used DeFi platform in value locked.7 Şub 2022

Understanding Solana Solana’s blockchain operates on both a Proof of History (PoH) and proof-of-stake (PoS) model .1 Ara 2021

Solana’s speed, as well as the scalable ecosystem, are the reasons for labelling it as ‘Ethereum Killer’ . Solana also supports Sea level, which is a method for running concurrent smart contracts, making it a much faster blockchain than some of its competitors.

Solana is a highly functional open source project that implements a new, permissionless and high-speed layer-1 blockchain. Created in 2017 by Anatoly Yakovenko, a former executive at Qualcomm, Solana aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low.