Big news in the blockchain world as Solana has officially surpassed the 2000 TPS mark, making a bold statement in the ongoing race for scalability! This puts Solana not just ahead of other major cryptos but also challenges traditional payment processors like credit card companies in terms of transaction speed.
Isn't this the same network that has had issue or network congestion a few days back on top of countless outages?
What’s more, while BNB shows high TPS, its centralization is a concern. Solana’s feat is significant as it combines high throughput with decentralization, something we've been advocating for a long time.
There isn't any much difference between BNB and Solana when it comes to centralization. Both use a proof of stake protocol that is favors centralization more.
With Ethereum priced at $3k but managing only around 62 TPS max, and Bitcoin at about 11 TPS, can we start speculating? Could we see Solana hit a $3k price point soon? What are your thoughts?
Ethereum's problems are well known. Everyone is trying to avoid those high fees. Same with Bitcoin especially with the ordinal turmoil but if we are to speak about the most secure and decentralized network. Nothing beats Bitcoin and you know that.