Mathisen Marketing

Your Marketing Blog

Solana Network Completes 100 Billion+ Transactions

Solana Network Completes 100 Billion+ Transactions

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Despite network issues, the Solana blockchain surpassed over 100 billion transactions since its mainnet launch.

Solana is the largest Proof-of-stake blockchain network popular in the crypto space due to its unique Proof-of-history protocol that helps the network handle high-scale crypto transactions. However, Solana, with a maximum scalability of 50,000 TPS, is a top blockchain network, but still faces huge criticism due to the less decentralized nature of its network.

As of this writing, the Solana Network has completed approximately 100,33,727,421 transactions to date, since the beta network launched in 2020.

The average transactions per second on the Solana network was around 3,392 TPS per second, with transaction fees of $0.00025 per transaction, the lowest among other crypto network fees.

The Solana network performs more than 100 billion transactions on 1

The main reason behind this Solana blockchain milestone is the huge amount of DEX activity and NFT trading through other networks.
Here it can be said that almost all crypto networks failed in this competition because on one side Solana network was launched in 2020 and on the other side Solana faced a huge backlash in the crypto industry due to several timeouts in its blockchain network.

Cardano can compete with Solana

Today, Cardano, a blockchain network based on Proof-of-stake consensus model, completed its major update “Vasil Hardfork”.
Now, the development team is integrating the Hydra protocol to increase scalability with the Cardano blockchain, which can be 10 times more scalable than Solana’s Proof-of-history protocol.
According to Cardano founder Charles Hoskinson, Cardano will be able to process transactions to scale close to the Solana blockchain by the end of this year, and further development will help the network achieve scalability of up to a million seconds.

Also read: Coinbase successfully receives regulatory approval in the Netherlands

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • XRP Price Analysis: XRP Bullish Following Recent Update from the SEC Case

    XRP Price Analysis: XRP Bullish Following Recent Update from the SEC Case

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase XRP was and still is one of the biggest cryptocurrencies on the market. Looking at its price and expert analysis, XRP has yet to fulfill its full potential. One of the main reasons for this is the SEC’s lawsuit against […]

    Read More

  • Wall Street rebounds, sterling steadies after tumble

    Wall Street rebounds, sterling steadies after tumble

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Publications Reuters UK Lawrence Delevingne and Carolyn Cohn (Reuters) – U.S. stocks rose and the pound rebounded from this week’s record low against the dollar on Tuesday as investors took stock of recent strong market moves. The Dow Jones Industrial […]

    Read More

  • Okse CEO Tobias Graf Reveals More Information About Company’s Crypto Visa Card

    Okse CEO Tobias Graf Reveals More Information About Company’s Crypto Visa Card

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Ad &nbsp &nbsp Oks CEO Tobias Graf has provided more information about the company’s cryptocurrency Visa card. The creator of Oks has discussed his idea of ​​a decentralized future where crypto and fiat are interchangeable without any problems. Graf founded […]

    Read More