$ETH and $SOL

Long tranh ho dau - Part 4

Ethereum has EVM, Solana has SVM - Solana Virtual Machine

Ignoring the academic factors to explain simply, EVM has 1 head and 1 arm, SVM has 3 heads and 6 arms. All data is streamed and processed simultaneously, in parallel. Making the most of the hardware of the nodes and optimizing the data makes everything running on SVM reach incredible speeds, creating a smooth feeling when using the services on it.

Fast, cheap and extremely safe. Thanks to the optimization and the construction of a smart algorithm structure. The cost of transactions on Solana Blockchain applications is surprisingly low. I used a DEX exchange named Jupiter with the code $JUP (similar to Uniswap) and an electronic wallet named Phantom. The average transaction fee I have to pay is 0.08 usd (200 vnd) and when transferring money is only 0.0008 usd (2 vnd), the speed is almost instant.

This opens up an opportunity for anyone to access and use. Transactions on Solana are booming and extremely vibrant. Especially Nft and Meme coins... Anyone can mint their own NFT, meme coin. In just a few short years, there have been more than 340 million NFTs recorded on the system, more than 300 billion successful transactions... You can find meme coins with a market cap of about 10 million usd in the system, countless...

With its superiority, Solana's base coin grew strongly in the first 2 quarters of the year. From a starting price of 0.5 USD (May 11, 2020) to 259.96 USD (November 06, 2021). That means an increase of more than 500 times after 1 and a half years of operation...