Grayscale thinks Ethereum is like New York while Solana is more akin to LA and it believes the market opportunity for DeFi and Metaverse applications “is likely larger than the $2 trillion market cap of the entire digital assets market.'
In a section titled “digital cities,” Grayscale analyzed Ethereum, Avalanche and Solana. The firm compared Ethereum to the Big Apple, noting that they both share similarities with issues that arise from their stature:
The firm went on to suggest that users moving to competing blockchains is like moving to a cheaper city due to the high gas fees and network congestion on Ethereum caused by overwhelming demand for decentralized finance services and nonfungbile tokens over the past two years. “Solana’s architecture relies on a different consensus mechanism that prioritizes speed and lower fees though at the cost of more centralization — rather than scaling through L2 chains Solana runs transactions through a speedy L1 chain. Running roughly 2300 transactions per second as of March 15, 2022,” the report reads.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York Road Runners announces unparalleled interest in 2022 TCS New York City MarathonIt looks like there are plenty of people who want to take part in this year's New York City Marathon.
Weiterlesen »
US Rep. Jeffries endorses Hochul in New York governor's race - New York Amsterdam NewsDemocratic U.S. Rep. Hakeem Jeffries is endorsing Kathy Hochul in the New York governor’s race.
Weiterlesen »
Ice shelf the size of New York City collapses in East AntarcticaAn ice shelf the size of New York City has collapsed in East Antarctica, an area long thought to be stable and not hit much by climate change.
Weiterlesen »
Black reparations panel could decide who gets compensation - New York Amsterdam NewsCalifornia’s first-in-the-nation task force on reparations is at a crossroads, with members divided on which Black Americans should be eligible for compensation as atonement for a slave system that officially ended with the Civil War but reverberates to this day.
Weiterlesen »
Will Smith issues public apology for Oscar smackdown - New York Amsterdam NewsWith news that the Academy officially launched a formal review of Will Smith’s assault on Chris Rock during Sunday’s ceremony, the Best Actor Oscar winner issued an apology to the comedian. Oscars WillSmith
Weiterlesen »
New York City begins removing homeless encampmentsThe mayor's goal is to connect homeless individuals with social services like shelter or housing and to clean up public spaces across the city.
Weiterlesen »