We will compare Solana against other smart contract projects, to know what this project brings to the crypto community.
Let's see
3 days ago I made a post analyzing why Solana could reach 1365 dollars in the long term.
I leave the link because Solanas could reach 1365 dollars.
Today I bring you this table that summarizes the characteristics of Solana
The table compares the Solanas characteristics between different projects:
- Ethereum
- Polkadot
- Cardano
- Tron
- Binance Smart Contract
Make your own analysis having these clarifications.
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Transaction per second
The higher transactions per second, the better for the network user since they will have to wait less time for their transaction to be validated.
Average Cost per Transaction,
It is the cost that users are charged to send funds from one wallet to another, in general, the more transactions per second, the lower the average per transaction will be.
Latency Time per Transaction
It is the time it takes from when a request is requested from the network until a response is received.
Validator Numbers
Validators are responsible for verifying the validity of a transaction. The more valid it is in the network, the more secure it will be against attacks.
Total transactions per day.
Number of transactions processed and concluded in one day.
Graphic Source: Blockchain Update.
As we see solanas wins in many of these characteristics, but not all.
But these good features and the analysis I carried out in the previous post are giving us the reasons why Solanas continues with a rise in the price
Today
Today we see that solana goes to the price of 160 dollars, already analyzed in the previous post, yesterday the price closed above the 2.618 fibonacci extension and goes to the fibonacci point of 3.618.
We will see in the future what changes and improvements its competitors make to catch up with Solanas or surpass it
What you think? Do you stay with Solanas or Ethereun? Will other competitors emerge by copying or improving what solana does?
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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