JAKARTA Founder of Ethereum Vitalik Buterin threw his message at Solana. According to him, 'Solana is the most scalable' or measurable blockchain. This statement was made by Buterin at a blockchain conference.
The statement caused a stir among the crypto community. The reason is, Buterin's remarks show his recognition of ETH competitors, especially in terms of scalability. Even so, the movement of the price of the SOL token was not affected by Vitalik Buterin's statement. The price of SOL has actually decreased by 1.3 percent in the last 24 hours.
At the time of writing, SOL is trading at IDR 290 thousand per token based on Coinmarketcap data. Citing Coingape, Solana is an advanced blockchain infrastructure that encourages scalability and supports decentralized applications (dApps).
Solana uses an algorithm known as Proof-of-History (PoH) along with a popular Proof-of-Stake (PoS) consensus mechanism to make transactions faster and safer. With PoH, the network can maintain a verifiable time recording structure.
On the other hand, Ethereum has become a prominent pioneer in the blockchain ecosystem, as well as facilitating dApps, decentralized finance or DeFi, and smart contract.
Nevertheless, Ethereum faces considerable obstacles, namely scalability. Slow transaction speed and large volume have caused network bottlenecks and high transaction fees.
When Ethereum was experiencing this problem, Solana actually showed herself to be a capable blockchain in terms of scalability.
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