#Peerguardian updates update#

However, only one factor in preventing cryptos from becoming popular, and that factor is speed. Trade stocks directly peer-to-peer without a middleman or KYC paperwork.Honestly, we’ve seen incredible progress towards this objective thus far. The end purpose of cryptocurrencies is to replace today's inefficient and corrupt financial institutions. Because of Solana’s robust protocol, it can provide global scaling capabilities for DApps decentralized platforms. The Solana network is a fourth-generation blockchain that attempts to address the trilemma by building a fast and scalable network without sacrificing security or decentralization.

#Peerguardian updates update#

The next goal of the update is to achieve 100,000 TPS, but there's still a long way to go. SOL transactions are complete within fractions of a second.Įthereum, Solana’s biggest competition, is now undergoing a significant update (Eth 2.0) to increase transaction speed and lower costs. Still, these transactions take several days to settle, delaying the transfer of money from a bank account to another. In contrast to Solana's transaction speed, a Visa card may only process up to 24,000 transactions per second. For this reason, many dub Solana as the true “Ethereum killer.” Polkadot and Cardano are two other cryptos contending for this title. Solana has increased in price 40-fold in the past year, from $3.50 to $159.34 at the time of this writing.īecause of its speed and throughput of up to 50,000 TPS, Solana is among the world's fastest networks and first web-scale blockchain networks. With a market value of approximately $47.9 billion, it has just surpassed Uniswap, USD Coin, and Polkadot and seems to be on a tear. This surge came nearly a year and a half after its Mainnet beta debut in March 2020. Solana rose from practically nothing in a blink of an eye to number 8 in the crypto market capitalization rankings.