blockchain could become the “Visa of the digital asset ecosystem” as it focuses on scalability, low transaction fees and ease of use, Bank of America told clients in a research note after hosting Solana Foundation member Lily Liu.
Solana has experienced strong adoption since launching in 2020. It has settled over 50 billion transactions , has more than $11 billion in total value locked and has been used to mint more than 5.7 million non-fungible tokens , analyst Alkesh Shah wrote in the note published Tuesday. Solana is optimized for consumer use cases such as micropayments and gaming, the bank said.
“Solana prioritizes scalability, but a relatively less decentralized and secure blockchain has trade-offs, illustrated by several network performance issues since inception,” Shah said. “Ethereum prioritizes decentralization and security, but at the expense of scalability, which has led to periods of network congestion and transaction fees that are occasionally larger than the value of the transaction being sent.
Bank of America said Solana and other blockchains could grab market share from Ethereum over time, and will begin to distinguish themselves through user adoption and developer interest.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
BankofAmerica solana
BankofAmerica solana killing 00000 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
BankofAmerica solana Dexfolio App is a multi chain & multi wallet app which can be used to track all crypto assets & I also hold their Gems $DEXF which is an undervalued atm so pile up my bags
BankofAmerica solana If Sol was added to flexa that means dpl is half ethereum or no I’m confused 🤔..
BankofAmerica solana How do when Sol runs on Flexa and is powered by amp .. someone wrote this article doesn’t really know how the payment rail work
BankofAmerica solana RichQuack should be listed on your coin exchange - RichQuack
BankofAmerica solana Imagine if they started paying attention to… chains that actually work without constant tech issues. AVAX
BankofAmerica solana its so overhyped, overcentralized, over restarted over VC owned now banks are buying them. this is a new XRP
BankofAmerica solana Sobana good tech ser. They even have restart button in thier big blockchain.
BankofAmerica solana ahahah omg just shud up! Solana is down every few weeks! People are talking shite about Ethereum but as far i remember (i could be wrong) it was never down! obviously you can complain about the fees..IF,big IF, Ethereum will fix this there will be no competition.
BankofAmerica solana If Ethereum won't fix its issues Solana might even flip it someday. Right now I'm buying BTC and SOL on Bitfinex, I believe in these coins.
BankofAmerica solana I can guarantee you all the Solana haters know this and they're loading up their bags while simultaneously FUDing. SOL is current king.
BankofAmerica solana I'm hodl my $SOL
BankofAmerica solana That's why I am holding a few of all major chains, I don't mind which ever succeeds.
BankofAmerica solana I'm into NOSHITCoin_io right now and I think it's the next GEM for 2022. noshit NSH
BankofAmerica solana
Derrick_Jones39 BankofAmerica solana I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
BankofAmerica solana If that is true, how decentralized can solana be?
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