Solana's crash should favor Cardano_CF, but it is not the key to making the altcoin the Ethereum Killer; check out how the development of altcoins is going after the bankruptcy of FTX_Official cardano
Certainly, Solana is one of the cryptocurrencies most affected by the FTX meltdown. The competitor of Ethereum experienced a large loss of market capitalization shortly after the announcement of the insolvency of Sam Bankman-Fried’s companies.SBF has always shown himself to be a big supporter of the altcoin. Therefore, his ventures had strong investments not only inbut also in tokens from the cryptocurrency ecosystem. Just to give an example, SBF acquired $1.
Solana was designed to facilitate the creation of decentralized applications . For this reason, it was developed to improve scalability by introducing a proof-of-history consensus combined with a proof-of-stake consensus. Ethereum is still the leader in smart contracts, with NFT volume and total blocked value in DeFi much higher than its competitors. In this sense, it is possible to say that, before competing directly with ETH, competitors of the main altcoin on the market are competing with each other.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana 2.0: Here's Why Aptos (APT) Can Take SOL's PlaceHere's why Aptos (APT) can become Solana 2.0 aptos apt aptosapt aptosecosystem aptosnfts solana sol $sol $apt
Read more »
Cardano Critic Says ADA Is Poised to “Plummet Down”An Input Output executive has slammed a critic who said that the ADA cryptocurrency was poised to plummet down
Read more »
Cardano-based decentralized stablecoin Djed will hit mainnet in JanuaryCardano will have its first decentralized stablecoin in January, according to details emerging from the Cardano Summit.
Read more »
Cardano to launch new algorithmic stablecoin in 2023“Recent market events have proven again that we need a safe haven from volatility, and Djed will serve as this safe haven in the Cardano network,” said Shahaf Bar-Geffen, CEO of COTI
Read more »
Cardano (ADA) Now Supported by Coinbase JapanCoinbase Japan has listed Cardano (ADA) just days after announcing support for Avalance (AVAX)
Read more »
This Cardano NFT Is up 80% in Volume After Snoop Dogg's New VideoClay Nation Cardano NFT collection is getting a lot of attention after the release of Champ Medici and Snoop Dogg's new music video ClayMates ChampMedici cardanoada cardanocommunity claymates cardanonft claynation iohk $clay $ada
Read more »