Solana Crypto Review
This seems to be a crypto that no one is talking about – not enough in any case, given its huge potential.
In this Solana Crypto Review video, we’ll explore it in the following aspects.
Timestamps:
0:00 Today in Solana
1:39 What Is Solana
2:50 The Tech
8:25 Ecosystem
9:49 Price Hopium
Solana was created by Solana Labs, which was founded in late 2017 by a team of senior software engineers in San Francisco. Proof of history makes it possible for Solana validators to cram as many transactions as they can into a block since they can be easily sorted out and verified by other validator nodes later using timestamps.
When you combine this feature with Solana’s block time of 400 milliseconds, you get a blockchain that can process over 50 thousand transactions per second.
The Solana price surged during the weekend as demand for alternative currencies surged. The SOL price rose by more than 56% from its lowest level on March 26. It reached an all-time high of $19.45, which is slightly below the psychological level of $20.
What happened: Solana, commonly known as the Ethereum-killer, has done well in the past few months. Its price has surged by more than 1,562% from the lowest level since December. This has brought its market cap to more than $4.85 billion, making it the 22nd biggest digital currency in the world.
The rally was mostly because of the rising demand for alternatives to Ethereum, whose network has become slow and expensive. Indeed, Solana’s network can process up to 50,000 transactions per second. Ethereum aims to reach 100,000 in the next 2 years after the ETH 2.0 upgrade completes.
This price action was also because of a $40 million boost for Solana from OKEx and MXC.
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