What makes Solana unique?

One of the most exciting features of Solana is its speed and scalability . It is one of the few protocols that boast over 1000 TPS because of its genuine web-scale blockchain features. In addition, Solana supports at least 50,000 TPS, which is about 3800 times faster than Ethereum and 10000 times faster than Bitcoin.

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Is Solana built on Ethereum?

Ethereum runs on software called Solidity, which was specifically created for Ethereum. Solana runs on software called Rust , the most popular software among developers. Rust can build a wide variety of applications, such as games and blockchains, and is easy to use and more familiar.

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How does Solana crypto work?

Solana’s technology PoS permits validators (those who validate transactions added to the blockchain ledger) to verify transactions based on how many coins or tokens they hold; PoH allows those transactions to be timestamped and verified very quickly.1 Ara 2021

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Is Solana secure?

No, absolutely not . Proof of work consensus that is still used by ETH is the most secure one. You need computing power to approve transactions. Solana uses Proof-of-history which is a relatively new mechanism somehow similar to Proof-of-stake where you need a stake in the system to approve transactions.29 Eyl 2021

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Is Solana a good crypto?

Solana is a smart contract cryptocurrency that some believe could rival Ethereum (ETH) . It is extremely fast and transaction costs are a fraction of those on the world’s second biggest blockchain. However, 2022 is not off to a great start so far.

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Is Solana trustworthy?

The proof-of-history (PoH) consensus mechanism makes Solana extremely fast. The Solana network can process between 50,000 and 60,000 transactions per second (TPS). For comparison, Ethereum processes 15 TPS. Many experts believe that Solana has a very promising future for this and other features .

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