Ethereum vs Solana – An Overview of Two Blockchain Titans
Blockchain has transformed from simple ledgers into powerful ecosystems, and two of its biggest players are Ethereum and Solana. This post explores their origins, visions, and overall architecture.
Key Points:
Ethereum: Launched in 2015, pioneered smart contracts, and is highly decentralized. It uses Proof of Stake (PoS) since “The Merge” and supports a vast ecosystem of decentralized applications (dApps).
Solana: Launched in 2020, focuses on high-speed, low-cost transactions. It uses a hybrid consensus model: Proof of History (PoH) + Proof of Stake.
Use Cases:
Ethereum is dominant in DeFi, DAOs, and NFTs.
Solana is increasingly adopted in real-time applications like gaming and high-frequency DeFi trading.
Ethereum offers security and decentralization, while Solana offers speed and efficiency. Both play vital roles in shaping Web3.
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