BlockDAG May Have Solana Beat When It Comes Down To Trust & Credibility In The Longrun
The post BlockDAG May Have Solana Beat When It Comes Down To Trust & Credibility In The Longrun appeared on BitcoinEthereumNews.com.
Cryptocurrencies are relatively new in the grand scheme of things. The crypto industry has had to slowly climb its way up into mainstream investment sectors. Solana (SOL) launched in 2020 and has held onto a fair bit of market share. Its claim to fame was meant to be its transaction speed. As the years have flown by, Solana has failed to meet those ambitious speeds, performing 21x under what was promised. BlockDAG (BDAG) on the other hand – has upheld its timelines and allowed users to build trust from the coin’s inception until now. That trust will be what carries BlockDAG up and over anything Solana could have dreamt of. Will The Solana Value Be Able To Keep Up With More Agile Competitors? Solana’s value has shown big growth since its inception and currently is trading at over $180. The blockchain is known for rapid transaction speeds and scalability, supporting numerous DeFi applications and NFTs. Despite a theoretical capacity of 65,000 transactions per second (TPS), Solana struggles to achieve more than 3,000 TPS in practice. Network stability issues remain a concern, with outages like the significant 18-hour downtime in February 2023. These disruptions have raised doubts among users and developers about Solana’s long-term reliability. The Solana value could be challenged by newcomers like BlockDAG, which is showing promise with its directed acyclic graph (DAG) technology. While Solana remains popular, its need for consistent uptime and real scalability might impact its growth. BlockDAG Is Taking Up Space BlockDAG is steadily carving out its place as a powerful player in the blockchain world, demonstrating strengths that set it apart from established networks like Solana. Unlike Solana, which has encountered notable challenges with network stability, BlockDAG’s architecture is specifically designed to support scalability and reliability. Utilising a Directed Acyclic Graph (DAG) structure, BlockDAG…
Filed under: News - @ October 31, 2024 2:22 pm