Binance Square
LIVE
LIVE
Tempest_Shiba
--52 views
Avalanche and Solana are among the most credible Ethereum competitors on the market today. The two blockchains are similar in terms of user experience, as they both offer very fast and cheap transactions to users transfering tokens and interacting with smart contracts. However, there’s also a number of key differences between #Avalanche" vs. #Solana🚀 . In this article, we’ll compare the two projects and recommend which one you should choose based on your needs. Key highlights: Avalanche and Solana, both launched in 2020, are top Ethereum competitors, offering fast, low-cost transactions with distinct features. Avalanche supports EVM-compatible smart contracts using Subnets for customizable networks, while Solana uses a unique Proof-of-History mechanism for scalability. Solana's higher transaction capacity and speed make it preferable for performance-focused users, despite its reliability issues. Avalanche, with fewer outages and EVM compatibility, is a better choice for reliability and familiarity with the Ethereum ecosystem. Running validator nodes on either blockchain is more suited for advanced users or companies due to high capital and hardware requirements.

Avalanche and Solana are among the most credible Ethereum competitors on the market today. The two blockchains are similar in terms of user experience, as they both offer very fast and cheap transactions to users transfering tokens and interacting with smart contracts.

However, there’s also a number of key differences between #Avalanche" vs. #Solana🚀 . In this article, we’ll compare the two projects and recommend which one you should choose based on your needs.

Key highlights:

Avalanche and Solana, both launched in 2020, are top Ethereum competitors, offering fast, low-cost transactions with distinct features.

Avalanche supports EVM-compatible smart contracts using Subnets for customizable networks, while Solana uses a unique Proof-of-History mechanism for scalability.

Solana's higher transaction capacity and speed make it preferable for performance-focused users, despite its reliability issues.

Avalanche, with fewer outages and EVM compatibility, is a better choice for reliability and familiarity with the Ethereum ecosystem.

Running validator nodes on either blockchain is more suited for advanced users or companies due to high capital and hardware requirements.

Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.
0
Εξερευνήστε τα τελευταία νέα για τα κρύπτο
⚡️ Συμμετέχετε στις πιο πρόσφατες συζητήσεις για τα κρύπτο
💬 Αλληλεπιδράστε με τους αγαπημένους σας δημιουργούς
👍 Απολαύστε περιεχόμενο που σας ενδιαφέρει
Διεύθυνση email/αριθμός τηλεφώνου
Σχετικός δημιουργός
LIVE
@Square-Creator-44349554cd2d

Ανακαλύψτε περισσότερα από τον Δημιουργό

--
The world’s largest crypto exchange, #BinanceEVM , is in talks with the #Indian government to restore citizens’ access to the Binance mobile application and website. An Indian publishing firm captured this development, citing sources familiar with the matter. Per the report, Binance is willing to settle outstanding taxes accumulated as of January 12, when operations were halted. However, it noted that the exchange is unprepared to adhere to the Prevention of Money Laundering Act (#PMLA ) guidelines. In particular, Binance sources reportedly stated that the exchange requires time to establish the necessary procedures to comply with the PMLA and Financial Intelligence Unit (FIU) regulations. Consequently, it requested permission to resume operations in the interim period. In response, the Indian authorities have rejected Binance’s request to resume operations until the company implements the necessary compliance. The statement read: Compliance with PMLA is paramount. They have been explicitly told that any discussion on resumption of their services in India is only after the government is satisfied with their responses on the notices sent by the FIU. Earlier, the government blocked nine offshore crypto platforms’ websites and mobile apps. The affected exchanges include Binance, kucoin. #Huobi , OKX, Gate.io, Bittrex, Bitstamp, #MEXC Global, and Bitfinex. Notably, the government’s step was warranted because these platforms failed to respond to show-cause notices from the FIU. Meanwhile, the government is collaborating with banks to devise measures against traders who utilize virtual private networks (VPNs) to access the banned platforms. Data suggested that approximately 4,000 Indian crypto traders are suspected of using VPNs to conduct transactions on Binance rather than transferring their assets to compliant Indian exchanges. It is estimated that nearly $4 billion worth of crypto belonging to Indian traders is stored in offshore wallets.
--
THE #bullrun2024! ? ? ? Oliver L. Velez, an experienced digital assets trader, has advised crypto investors to get their bitcoins off crypto exchanges and prepare to buy the dip. Velez said this in a recent post on X (formerly Twitter) where he identified a crucial reason why the crypto market might experience another significant crash. $BNB is near #BinanceSquareExplorers last leveraged liquidation price once again. Remember when Caroline of Alameda tried to defend the $22 price before it and #FTX. imploded? A $BNB collapse would bring down a house of cards 10x the size of FTX. Get your #Bitcoin off all exchanges. Oliver L. Velez ⚡️ 13%'er Bitcoine September 11, 2023 Velez claimed that at its current price, BNB is near Binance’s last leveraged liquidation price. He believes that a BNB collapse would impact the entire crypto market in a significant way. According to Velez, a BNB crash will send the crypto market tumbling by more than ten times the magnitude of the crash experienced during the FTX collapse of last November. The highly experienced trader recalled an event that preceded the FTX collapse, when Carolin Ellis, CEO of Alameda Research, posted that Alameda would buy Changpeng Zhao’s FTT tokens for $22 each. Of course, that did not materialize and could not save the market from an eventual collapse. Velez thinks the crypto market is preparing for a cleansing flush-out before the next bull run in 2024. Ecks, a respondent to Velez’s post, noted that Changpeng Zhao, CEO of Binance, already claimed that the exchange has no loans. If that is the case, Ecks questioned the possibility of liquidation.
--
#indiaceyptotax has not introduced any changes to its controversial tax deducted at source (TDS) policy that is affecting the crypto industry. The nation's finance minister #Nirmala Sitharaman revealed the budget in parliament on Thursday as usual. Expectations were low for a change in the stiff taxes on crypto transactions, which include a 30% tax on profits and a 1% TDS on all transactions. However, there was a glimmer of hope because of efforts from the domestic crypto industry and a study from a think tank pushed hard for a reduction in the #TDS. In general, this budget had lower expectations in terms of the financial sector as India is headed for general elections in the next two months. Sitharaman announced no changes in taxation - both direct and indirect. In the election year, the finance ministry doesn't usually present a full budget but an interim one to fund its expenses for a short time. A full budget is usually expected in July after the results. Prime Minister and his Bharatiya Janta Party are expected to return to power, according to polls. India's crypto industry has urged the government to reduce the 1% TDS to 0.01% ever since it was first announced two years ago. Indian crypto exchanges have been in survival mode, trying to extend their runways in response to the 1% TDS. “Digital public infrastructure and the PM’s aspiration for [innovation] will benefit from integrating provisions for long-term financing of domestic crypto projects given how India is at a pivotal phase in the crypto revolution,” said Rajagopal Menon, vice president of cryptocurrency exchange #wazirX .
--

Τελευταία νέα

Προβολή περισσότερων
Χάρτης τοποθεσίας
Cookie Preferences
Όροι και Προϋπ. της πλατφόρμας