Solana Crypto: One of the top Ethereum killers
Created in 2017 by Anatoly Yakovenko, Solana is an open-source blockchain that serves as a platform for trading and launching digital assets like non-fungible tokens (NFTs), decentralized applications (dApps), and various trading protocols.
The growing popularity of cryptocurrencies has caused a high degree of congestion on popular blockchains like Bitcoin and Ethereum, which pushed up transaction fees. Not to mention the low throughput on these networks, meaning transactions are very slow and expensive.
Solana was thus created to solve these underlying problems and was even dubbed one of the most popular “Ethereum killers”, alongside other cryptos such as Cardano, EOS and Polkadot. The native token of the Solana blockchain is SOL and it is used to transfer value or for staking purposes. Solana’s network boasts an industry-leading throughput of 65,000 transactions per second (TPS) with minimal fees, though its current TPS is about 2,500 according to Solana Explorer....