What are the differences between SOL and ETH?
In simple terms, SOL is a cryptocurrency, while ETH is not only a currency but also a blockchain platform. SOL is a decentralized currency that allows you to buy things and make payments. ETH, on the other hand, is more powerful; it enables developers to build decentralized applications on it. Although it is also a decentralized currency, its platform functionalities are stronger.
In the cryptocurrency market, there are plenty of options, with over twelve thousand tokens distributed across nearly a thousand blockchain platforms. But when it comes to popularity, Ethereum (ETH) and Solana (SOL) stand out. SOL is even referred to as the “Ethereum killer.”
Today, let's compare ETH and SOL to see which is more suitable for investment. We need to look at price, market cap, block size, and other factors. If you want to know where to invest your money, keep reading.
First, let's talk about Ethereum. The story begins in 2013 when a Russian-Canadian young man named Vitalik Buterin wanted to create a new platform capable of running decentralized applications. He had previously participated in Bitcoin development but found it lacking in power. He believed that blockchain technology could be used for more than just digital currency; it had great potential. So, he got to work, and on July 30, 2015, Ethereum officially launched, bringing with it 72 million pre-mined coins.
Now, let's discuss Solana. The story of the Solana network begins in 2017 when its two founders, Anatoly and Greg, were working on a high-end trading platform. They discovered that existing blockchain technology couldn't keep up with transaction speeds. Thus, they started developing Solana, aiming to create a blockchain protocol that was fast, scalable, and secure.
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