Quote from: JeromeTash on Today at 02:07:27 PM

Quote from: MemeInSight on Today at 01:53:02 AM

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?

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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.

Quote from: MemeInSight on Today at 01:53:02 AM

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.

Yes, Solana did face congestion issues recently, but it’s important to note the context and the speed at which the Solana team has addressed these issues with updates. This responsiveness is crucial in technology spaces, especially blockchain.

Solana vs. Ethereum Congestion:
Remember the early days of Ethereum? When it faced congestion, it was indeed chaotic—more so because it was breaking new ground at a time when the ecosystem wasn't as mature. Solana, on the other hand, has not only managed to resolve similar issues quickly but has done so while maintaining a TPS that dwarfs that of Ethereum during its early years. It's important to make these comparisons with a historical lens, considering how fast blockchain technologies are evolving.

Ethereum and Bitcoin Congestions:
Both Ethereum and Bitcoin have had their fair share of scalability and congestion challenges. Ethereum's high gas fees during peak congestion times are well-documented, and Bitcoin has faced its own scalability issues, leading to the development of solutions like the Lightning Network. This shows that growing pains are common in evolving tech landscapes.

Decentralization - Solana vs. Binance:
Regarding decentralization, Solana and Binance (BNB) take different approaches, especially given BNB's more centralized control structure. Solana operates on a proof of stake model that is becoming increasingly decentralized as the network grows and more validators join the ecosystem. This contrasts with Binance’s approach, where control tends to be more centralized, reflecting in how decisions and updates are pushed across the network.

In summary, while no blockchain is without its issues, what's important is how these challenges are met and what the roadmap looks like for addressing them. Solana has shown commitment to scaling effectively while maintaining an impressive TPS, positioning it well for future growth and adoption. Let's keep the discussion factual and forward-looking, focusing on how these technologies can evolve to meet growing demands.