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Showing posts from December, 2021

Solana: What You Need to Know About the Rapidly Rising Cryptocurrency

  Solana, a cryptocurrency that began its journey with relatively little popularity in April 2020, has recently upset its investors somewhat. Its price has gone from roughly $1.50 in January 2021 to just over $234 at the time of writing. Which naturally made it the sixth largest cryptocurrency in the world with a market capitalization of $ 61 billion. So what is Solana? Continue reading! What is Solana? Solana is a blockchain platform for decentralized applications. It is an open source project maintained by the Geneva-based Solana Foundation and built by developers at San Francisco-based Solana Labs. Solana is a competitor to Ethereum, which is currently the largest decentralized application platform, promising faster processing and lower transaction fees. It is a PoS (proof of stake: proof of stake) blockchain that makes it more environmentally friendly than PoW (proof of work: proof of work) blockchains such as Bitcoin. The local cryptocurrency is called Solana and has the code SOL.

What is Cardano?

It was started to be developed in 2015, about 6 years ago, but it was put into use in 2017. Cardano is the third generation blockchain platform with a secure structure as well as scalability. This platform has been developed in an open source manner to add flexibility to the blockchain system.Ada, on the other hand, is the crypto currency of the Cardano platform and is named after the first computer programmer Ada Lovelace. Focusing on scalability and maintainability functions, Cardano is also the first decentralized blockchain. When Did Cardano Appear? The Cardano platform was created in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. This platform is supported by three separate organizations: the Cardano Foundation, a Swiss-based organization, IOHK and Emurgo, which are under development. The digital currency of this platform is "ADA". Cardano, which has its own program language, is designed to balance the needs of users and the demands of regulators. How Doe