All in all, it may be a good time to buy Solana, but only if the following are true: You believe it could be a good long-term opportunity . You’re on top of your other financial goals, such as retirement and your emergency fund. You’re investing money you can afford to lose.
Read moreIs Solana blockchain secure?
Solana (SOL) is a rapidly-growing, legitimate crypto project supported by top companies globally, such as Apple.com Inc.8 Kas 2021
Read moreCan Solana be hacked?
Preliminary analysis from CertiK shows that the attacker exploited a vulnerability on the solana side of the Wormhole bridge to create 120,000 so-called “wrapped” ethereum tokens for themselves . (Wrapped etherum tokens are pegged to the value of the original coin but are interoperable with other blockchains.)
Read moreIs 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
Read moreIs 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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