3 Reasons Why Solana Could Just Be Getting Started
Solana (CRYPTO: SOL) has been on an amazing run this year, becoming the fourth largest cryptocurrency by market cap and recently surpassing older, more established blockchains like Cardano (CRYPTO: ADA) and Ripple (CRYPTO: XRP).
Moving forward, Solana could have even more runway ahead of it as momentum for the blockchain continues to build. Here are three reasons why Solana could just be getting started.
The Solana network processes a remarkable 50,000 to 65,000 transactions per second, compared to just 15-30 transactions per second for Ethereum (CRYPTO: ETH), or 250 for Cardano. This throughput also compares favorably to traditional financial networks like Visa (NYSE: V), which processes about 24,000 transactions per second. Furthermore, Solana does this for a low fee of $0.00001 to $0.00025 cents per transaction, which is much cheaper than the current cost of transacting on the Ethereum blockchain. Transactions on the Ethereum blockchain cost anywhere from $4 to $20 per transaction in 'gas fees,' making it impractical for smaller transactions. While these fees are coming down after Ethereum's move to proof of stake, Solana still has a distinct advantage here.
Source Fool.com
