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.
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.
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?
Considering how we could see SOL end up freezing the system whenever they see a problem, I agree that decentralized ways of bitcoin and ethereum is the reason why it is the most liked reasons why they are at the top and why SOL is not. However, that doesn't mean that SOL will not go up, it has gone up so much this year, in fact there were moments when SOL went up while others went low, so we could say that SOL is already getting the attention it deserves.
I feel like this achievement is good enough and I respect it for it, but that doesn't mean that it will go above ethereum, let alone bitcoin. Those will stay at the top, and SOL could maybe go beyond BNB and even that is not that easy to achieve if you ask me.