Hello guys
This is HD and we are going to talk about the Solana blockchain and its native token (coin) SOL.
I have done extensive research on the Solana blockchain. Moreover, the native token Sol gas a great potential. who knows it may be next ether. I just didn't give attention to this project much earlier. it was at $2 in January 2021. after touching an all-time high of $55.9, it is now soaring at around $30 due to a recent dip in the crypto market. As an investment purpose, Sol has offered a 4323% of hike in just one year. $500 invested in Sol on 11 April 2020 would have been $15800 now. Sol still has scope to grow more like Ether. More Dapp is going to be made on the Solana blockchain which will increase the demand for SOL native coin.
After extensive research, I feel it is going to be the next ethereum. Solana work on proof of history and not on the Proof of work or stake. It has never compromised on three basic parameters such as high decentralization, high scalability, and high security - Making it superior to any blockchain. Because almost all the blockchain has to compromise at least one parameters out of three. Such as Bitcoin and Etharium have compromised scalability. staller and ripple have compromised decentralization. Solana is just an awesome project as per my belief because it has high decentralization, scalability, and security. (Not financial advice).
The scalability trilemma is a phrase coined by Vitalik Buterin (founder of Ethereum) to describe that it is not possible to equally maximize the three desirable attributes that are decentralization, scalability, and security. The trilemma claims that blockchain systems can maximize two at the expense of the third attribute. read more
Quality of solana blockchain such as Transaction per second, average fee per transaction, transaction latency are superior than any existing block chain. Moreover, solan works on proof of history. which has quite impressive modus operendi. Read more abour proof of History
Recent news states that well know companies such as Google, Facebook, and Tesla crypto tokens are launching on crypto exchange FTX. FTX is the first exchange that has been made on Solana Blockchain.
That's all folks
Have a great day ahead.
