Quote from: Kelvinid on January 18, 2023, 01:09:02 PM

Quote from: RAppleby on January 18, 2023, 08:53:33 AM

Solana is undoubtedly a serious competitor to Ethereum. Any project has advantages and disadvantages. I think Solana's processing speed is very fast. I like that very much. In contrast, the transaction processing speed of Ethereum is indeed a bit slow, and of course some people may not care about it. Matic can be seen recently. I wonder if the adoption of Polygon network by major companies has attracted the hype of Matic, but I also like Matic and bought it a long time ago. Solana's main focus is scalability and user-friendly applications, making it one of the best options for developers when considering a new blockchain platform other than Ethereum.

New projects like Solana have a great advantage when it comes to transaction fees and speed of confirmation compared to ETH. Therefore, it was expected that some ETH or ERC20 users will take Sol as their option. But if we talk about market potential profit, ETH is still unbeatable. Long-term investors will certainly be choosing ETH over Sol or any other altcoins. But something it was not a smart choice for short-term investors and for traders, they are practical enough when it comes to moving their coins as they could save transactions cost using Solana.

The problem with all of those coins which have tried to replace ethereum as the number two coin in the market and the most dominant altcoin is that at the beginning they seem to have the potential to replace it as they are faster and cheaper, but once they get to a certain size they begin to face the same problems ethereum has, and when that happens people stop supporting the coin with the same enthusiasm as if both coins have the same issues then they will prefer to support the coin which has the longest history in this market and which has a higher value.