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19 May 2024 #wrote2earn #btc #sol #eth #bnb
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ccording to U.Today, Solana has been identified as the fastest blockchain globally, according to a recent report by CoinGecko. The network processed over 95 million transactions in a single day. The report highlighted that Solana has the highest daily average transactions per second (TPS) among blockchains, with a rate of 1,053 TPS. This is followed by Sui with 854 TPS, BSC with 378 TPS, Polygon with 190 TPS, TON with 175 TPS, Tron with 159 TPS, Near with 117 TPS, and Avalanche with 89 TPS. In comparison, Ethereum and Bitcoin manage 22.8 TPS and 10.7 TPS respectively, indicating that non-EVM blockchains are nearly four times faster on average than their EVM-compatible counterparts. Solana's peak performance was particularly notable, reaching 1,504 TPS on April 6, 2023, due to a surge in meme coin transactions. This performance is 46 times higher than Ethereum's TPS and over five times higher than Polygon's, the fastest among Ethereum scaling solutions. Despite these impressive figures, Solana's peak TPS is still only 1.6% of its theoretical maximum of 65,000 TPS. Solana is an open-source blockchain platform that prioritizes minimizing latency and maximizing throughput, even at the expense of some verifiability. It achieves this through a unique set of features, including its novel timestamp mechanism called proof of history (PoH), the block propagation protocol Turbine, and parallel transaction processing. Solana's founder, Anatoly Yakovenko, stated that the primary design goal of Solana was not to achieve maximum throughput. Instead, Solana aims to synchronize state across the globe as swiftly as physical laws permit.
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#BTCUSD.... #write2earn🌐💹 According to crypto analyst Jason Pizzino, this divergence between Bitcoin and altcoins is expected in the current market cycle. In his latest YouTube video, Pizzino explains why Bitcoin’s price increase does not necessarily signal a broad recovery for the crypto market yet. The analyst notes that while Bitcoin successfully tested a key resistance level around $19,400, it needs to consolidate above that level before confirming an uptrend. When it comes to altcoins, Pizzino points out most major cryptos are hitting new lows against Bitcoin. You might also like: Charles Hoskinson: Bitcoin has a governance problem Ethereum in particular has broken below key long-term support levels on its Bitcoin pairing, indicating weakness. Pizzino believes the ETH and BTC pairing could bottom out between 4-5% in early 2024, in line with historical market cycles. Other major altcoins like XRP, Solana (SOL), Polygon (MATIC) and Chainlink (LINK) have also broken down from local highs, underperforming Bitcoin. According to Pizzino, this weakness in altcoins signifies that only the strongest will participate meaningfully in the next bull market. Investors should be selective and wait for clear technical signals before buying altcoin dips. Pizzino also considered broader macro factors like the S&P 500, the US Dollar index, and volatility indices. He noted that despite recessionary fears, these market indicators have stabilized and started consolidating in a range. This supports the case for a gradual recovery in risk assets like crypto, though likely only in 2024-2025. #TrendBTC
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