@BOMBERuss 5 November 2021 more from that month

Comparison: Solana and Balance Smart Chain. While each L1 has its advantages and disadvantages, the competition between the different blocks increases enormously. While Ethereum maximalists preach that it is difficult to defeat a protocol that is completely decentralized and fault-tolerant, supporters of networks such as Solana and Binance Smart Chain are confident that they will continue to contribute to the growth of the user community. That being said, we have yet to see who will win the L1 battle in the long run. What we really know is who will be the ultimate winner — the users. Advantages of Finance SmartChain The main goal of BSC was to significantly increase transaction throughput and quickly reduce transaction costs. Here are some of its main features: 1. Consensus Mechanism: Both goals were achieved by adopting the Proof of Authority (Soa) and Delegated Proof of Stake (DPoS) consensus mechanism. But how did you manage to reduce transaction costs? By reducing the number of validators. 2.Validators: There can be only 21 validators on the BSC. Active validators are determined according to the amount of BNB they bet, and this process is updated every 24 hours. That's the problem. Anyone with a sufficiently high share of BNB can become a validator in the network and continue to occupy this position. This is the reason for criticism of BSC. 3.Firewall Bridge This facilitates the creation of a bridge using Finance Bridge, allowing users to transfer their USDT, BUSD and ETH to BSC, thereby ensuring smooth interaction between blockchains. Advantages of the Solana blockchain. One of the key features of Solana is that it processes 65,000 transactions per second (that's as many transactions as Visa can handle) and has the ability to process about 100,000 transactions per second. Perhaps this is due to the fact that it has a so-called stateless architecture. The difference between a stateless architecture and a stateful architecture is that the first programs do not need to remember the state of the block chain. However, in the latter case, they have to remember each state, and transactions are not processed until all programs update their states. This is fancy technical jargon: a stateless architecture uses less memory and therefore provides much higher transaction throughput. Stateful architecture uses more memory, which affects transaction throughput. Here are some more features of Solana: 1.There are currently more than 1,000 validators on the network compared to 500 validators just a few months ago. 2. At the moment, more than 75% of the SOL token has been delivered, which means that the network is currently extremely resistant to any attacks. As you can tell, the fact that Solana can process an incredibly large number of transactions per second makes it one of the most efficient L1 blockchains. Currently, Solana has more than $10 billion of TVL (the total value of blocked tokens on the network) among all its DeFi applications. Although this number dropped slightly after the downtime, it has since managed to recover. The increased bandwidth has helped the overall DeFi ecosystem grow over the past few months. The protocol also participated in aggressive market campaigns (such as hackathons and error detection programs), which allowed attracting a large influx of both developers and users to the protocol. However, the number of dApps in the Solana DeFi ecosystem still lags behind Binance Smart Chain. #Cryptocurrency