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Fantom (FTM) Vs Solana (SOL)

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Congestion, cost and complication. These are just some of the concerns associated with the crypto space due to the dominance of Ethereum. While Ethereum may be the most popular choice, these issues push more users to find alternative blockchains. The layer 1 blockchain competition is heating up and the contenders are two platforms, Fantom and […]
The post Fantom (FTM) Vs Solana (SOL) appeared first on ZebPay.

Congestion, cost and complication. These are just some of the concerns associated with the crypto space due to the dominance of Ethereum. While Ethereum may be the most popular choice, these issues push more users to find alternative blockchains. The layer 1 blockchain competition is heating up and the contenders are two platforms, Fantom and Solana. So how do they stack up and which one is better?

What Is Fantom?

Fantom is a layer-1 blockchain focused on scalability and cost-effectiveness. Like its competitors, Fantom wants to make it easier to access innovations like NFTs, smart contracts and other digital assets for ordinary users. This also extends to decentralized applications – or dApps. 

The platform achieves its scalability through the use of separate blockchains and sidechains. Instead of every transaction being on the main “Opera” blockchain, developers can create independent blockchains. This makes dApps very responsive and reduces the strain on a single chain.

What is Solana Crypto?

Solana is another layer-1 blockchain that seeks to solve the problems that plague Ethereum. The Solana ecosystem makes it easy for developers to create unique experiences without worrying about network details. The network architecture ensures that dApps and smart contract performance is uncompromising and rapid. 

The network does this by being one of the fastest blockchains on the market. Unlike Ethereum’s average transactions per second of 20, Solana can process over 60,000 transactions each second. This success is because of its novel “Proof of History” (PoH) consensus mechanism.

FTM Vs Solana

Difference Between Fantom VS Solana

Here is a snapshot of few important metrics based on which a fair comparison can be made between FTM and Solana.

Metrics Solana FTM
Start Date 2020 2018
Staking APY 5% 2%
Transaction Speeds(TPS) 50,000 10,000
Nodes >1000 65
Fees <$ 0.01 <$ 0.01
Circulating Supply 367,000,000 2,768,153,614
Pros of Fantom Cons of Fantom
Independent blockchains It has a low market capitalisation
High speed and interoperability Tough competition from Ethereum
Fantom’s main chain is compatible with Ethereum Virtual Machine

Pros of FTM

  • Independent blockchains give developers much deeper customization options. 
  • Sovereign blockchains do not come at the cost of speed or interoperability. 
  • The Fantom main chain – Opera – supports Ethereum Virtual Machine compatibility. It thus supports Ethereum’s smart contract features. 

Cons of FTM

  • Fantom has a much lower market cap than its competitors like BNB Chain and Solana at $570,567,000. 
  • As Ethereum upgrades and improves the network performance, Fantom’s use as an Ethereum alternative becomes uncertain. 
Pros of Solana Cons of Solana
It is a unified network which makes it more secure The number of validators on the network are few ( around 1000)
Super fast with speeds touching 60,000 TPS It has faced several outages in the past
Very low transaction fee

Pros of Solana

  • Solana features a single, unified network without sidechains, layer 2 scaling solutions or sharding. This is meant to make the platform more secure and resistant to hacking. 
  • Solana is one of the fastest blockchains at over 60,000 transactions per second. 
  • Transaction fees on Solana are incredibly low, at just $0.00025.

Cons of Solana

  • While Solana may process transactions fast, finalising and validating them takes 13 seconds. 
  • Solana has experienced 5 major and many partial outages in 2022, which is detrimental to network users. 

Solana Vs Fantom: Use Cases

Both Solana and Fantom have very similar use cases. Both tokens can be used for transactions, payments of network fees and for earning rewards through staking. Thus, they are directly competing to gain ground in the same uses. 

However, there is one major difference. Solana uses a unified network while Fantom is a collection of many independent blockchains. Fantom also supports the Ethereum Virtual Machine. 

This makes Fantom easier for dApp developers already familiar with the Ethereum development environment. It also gives them more flexibility and simplifies the process of deploying a new blockchain for their applications. 

On the other hand, Solana’s unified network may be better suited for network and data security. Since there are fewer vulnerabilities in a network with one blockchain rather than thousands, Solana may be better for some financial applications. 

Conclusion

Both Fantom and Solana offer a compelling set of features. Fantom’s network of sovereign blockchains may be more appealing for dApp creation while Solana’s large user base and transaction speed may be what other users look for. 

As long as these projects continue to innovate and improve their network experience, they both have a place in the future of crypto. Fantom and Solana are compelling alternatives to Ethereum and your choice depends on the ecosystem you prefer more. 

You can now buy Fantom (FTM) and Solana (SOL) on ZebPay. Trade confidently with ZebPay.

FAQ on FTM Vs Solana

Is FTM Better than Solana?

It is difficult to state which project is better than the other. On one hand, Fantom has better interoperability and also supports Ethereum Virtual Machine. However, Solana is much cheaper and faster to use. Each has its own compelling features and your choice depends on your preferences.

What is the Purpose of FTM and Sol?

The main purpose of both FTM and SOL is to reduce Ethereum’s dominance in the Web3 space. By creating new platforms for dApps and smart contracts that improve on Ethereum’s weak points, they create worthwhile alternatives to Ethereum.

The post Fantom (FTM) Vs Solana (SOL) appeared first on ZebPay.





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Solana Killer Aptos (APT) Jumps 8% as Market Falls, Here’s Why

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The cryptocurrency market is currently trading down, with the majority of crypto assets suffering losses over the daily timeframe.

Bitcoin, the largest cryptocurrency by market capitalization, had a dull weekend characterized by steady prices and low volumes, closing in on $26,000 after losing 2.05% in the previous 24 hours.

Aptos’ APT, dubbed the “Solana killer,” is one of the few tokens in the green, climbing as much as 8% in the last 24 hours. APT rose from $5.29 to $5.83 in today’s trading, extending the climb that began on Sept. 22 after it found support near $5.04.

At the time of writing, APT had eased some of its gains and was up 6.87% in the last 24 hours to $5.65. The token has likewise gained 5.61% in the last seven days.

APT 24-hour trading volume is also witnessing a spike of 226%, according to CoinMarketCap data, as traders jumped into the market volatility to capture gains; over $419 million worth, or 74,071,687 APT, have been swapped in the last 24 hours.

The exact reason for the rise remains unknown, as a glance through the official Aptos X page reveals no big announcement or upgrade that might have triggered the rise.

However, Aptos attracted attention over the weekend after Upbit, South Korea’s largest cryptocurrency exchange in terms of trading volume and customer base, made an important announcement.

In a statement on Sept. 24, Upbit stated that it temporarily suspended deposits and withdrawals for the APT token after confirming an abnormal deposit attempt.

The exchange subsequently resumed deposits and withdrawals but highlighted the possibility that “the price may change drastically when (APT) deposits and withdrawals resume.”

This is significant because South Korean crypto traders have a history of driving major token rallies. The region is the source of the so-called Kimchi Premium, which causes the price of Bitcoin on local markets to trade up to 30% higher than the price on global exchanges. 



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Bitcoin and Ether Experience Significant Outflows, While XRP and Solana See Inflows

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In a recurring trend, cryptocurrency investment products have once again witnessed a downturn, marking their sixth consecutive week of outflows, according to data unveiled by CoinShares.

For the week ending September 24, the digital asset market experienced a significant withdrawal of funds, tallying $9 million in outflows.

Bitcoin’s Exodus Continues; Ether Follows Suit

The world’s premier cryptocurrency, Bitcoin, found itself in a precarious position as it recorded its third consecutive week of outflows, amounting to a substantial $6 million loss within the past week.

Investors seemed reluctant to hold their positions, with short Bitcoin positions alone seeing a substantial outflow of $2.8 million. Meanwhile, Ether, the second-largest cryptocurrency by market capitalization, also grappled with a dire situation, marking its sixth consecutive week of outflows, with a total of $2.2 million leaving the market over the week.

Altcoins Buck the Trend

In a surprising twist, some altcoins managed to swim against the current. XRP and Solana, in particular, witnessed inflows of $0.66 million and $0.31 million, respectively. This trend indicates a growing interest among investors in the alternative cryptocurrency space, with continuous capital inflows into XRP and SOL.

The report from CoinShares highlighted a stark contrast in sentiment between European and U.S. investors. European crypto investment products enjoyed a healthy influx of $16 million, while their U.S. counterparts faced an exodus, with $14 million flowing out.

This regional disparity can be attributed to the uncertainty surrounding cryptocurrency regulations and recent actions taken by the U.S. Securities and Exchange Commission (SEC) against various crypto companies.

Furthermore, the report revealed a concerning trend as weekly trading volumes plummeted below $820 million, significantly below the 2023 average of $1.16 billion. This dip in trading activity reflects the current bearish pressure in the digital asset market.





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Bitcoin Spark Could Lead Polygon, Solana and XRP To The Next Bullrun

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Bitcoin Spark is the new inauguration that will set massive waves in blockchain technology

The decentralized ecosystem has emerged to become among the leading technological innovations in contemporary society. There have been inaugurations such as Polygon, Solana, and XRP, which have taken the industry by storm. Polygon and Solana are extremely considered due to their fast transactions and improved scalability. 

For instance, Solana can make up to 1000 transactions per second. A new digital currency platform has been inaugurated called Bitcoin Spark. The decentralized network has a hybrid consensus mechanism, which will improve transaction speed, efficiency, and transparency. This article will discuss Bitcoin Spark’s operation. 

What Are Altcoins? 

Bitcoin, generated in 2009 by an anonymous individual called Satoshi Nakamoto, is regarded as the pioneer of all digital currencies. The digital network has also set a standard of attracting several venture capitalists into the crypto ecosystem. 

Nevertheless, altcoins are referred to as other digital currencies apart from Bitcoin. They are also considered as options to Bitcoin. Some prominent altcoins include Ethereum, Solana, XRP, and Polygon. They were generated to promote scalability interoperability and increase transaction speed. 

Are Altcoins Profitable?

Altcoins are profitable as they generate traction from institutional and retail investors. Coinmarket, the leading price tracking website, listed 1,500 digital currencies in the decentralized ecosystem. 

Among them are Polygon, Solana, and XRP. XRP is among the digital currencies that have set massive waves in the financial technology universe. The platform has surged amid the winter due to the winning against the US Securities and Exchange Commission. 

Bitcoin Spark to Lead Amid the Imminent Bullrun

The decentralized ecosystem yearns for a project that will create a milestone in the development of blockchain technology. Bitcoin Spark has depicted massive potential that will create a massive wave in the web3 community. The platform has already depicted signs of development amid the cryptocurrency winter. To set a transparency policy with its participants, the virtual currency has been audited by comprehensive auditing firms Vital Block and Contract Wolf. 

Source: freepik.com

The digital currency has a unique marketing strategy that will attract a global audience. Other decentralized platforms conduct marketing plans based on traditional methods. On the other hand, the new Bitcoin fork uses innovative disruption to interrupt the traditional norms of brand promotion. 

Among the features utilized are storytelling, strategic positioning, and leveraging contemporary technology. The new platform also utilized methods including influencer partnerships to have a wider audience reach and community building. The platform also cooperates with other blockchain networks and has a team that conducts all the marketing systems. 

The platform has also set a mechanism that helps individuals earn via a referral program. The network allows the natives and new members to earn an income through the referral. A  10%  commission and bonus will be given to individuals who refer members who conduct purchases above $60. An interesting part is that there are no limitations for earning in the network. 

Bottomline

The crypto sphere is quickly changing, and most individuals seek an opportunity to join the bandwagon. Bitcoin Spark is the new inauguration that will set massive waves in blockchain technology. The digital platform has a double mechanism that will allow validators and miners to generate revenue. 

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/ 

Buy BTCS: https://network.bitcoinspark.org/register



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