Crypto
Solana – Is the Lightning-fast Cryptocurrency Still Worth Investing in? | Bitcoinist.com
Solana (SOL) is an open-source blockchain platform designed to host decentralised, scalable functions. Because it has good contract functionality, Solana is commonly in comparison with Ethereum (ETH). I can be analysing Solana and evaluating it to Ethereum and a brand new altcoin on the Ethereum platform – Huge Eyes (BIG) to reply the query: Must you spend money on Solana in 2022?
The Proof is within the Pudding: Solana’s Proof-of-Historical past vs Ethereum’s Proof-of-Stake
Consensus mechanisms are how a blockchain community validates transactions to stop fraud, and keep safe. Blockchains akin to Ethereum use proof-of-stake, which achieves consensus by way of individuals (generally known as validators) utilizing their cryptocurrency to ‘vote’ on authentic transactions. These stakers are paid in newly created cryptocurrency over time.
Solana makes use of a proof-of-history consensus mechanism, which is constructed on the proof-of-stake mechanism utilized in blockchains akin to Ethereum. Proof-of-history makes use of hashed timestamps to confirm when transactions happen, performing successfully as a cryptographic clock. In consequence, the community doesn’t must reconcile and order transaction instances despatched to it by completely different nodes on the system. Because of this these nodes can focus extra vitality to effectively course of extra blocks, making the community a lot quicker, as every node within the community doesn’t want to speak to validate a transaction.
One of many major benefits of Solana over Ethereum is its lightning quick speeds and scalability. Solana can course of as many as 50,000 transactions per second, and its common price is $0.00025. To distinction, Ethereum can solely deal with lower than 15 transactions per second, and has transaction charges that common round $1.68. With this data, it could appear that Solana could be a no brainer to spend money on over Ethereum. Nevertheless, like all the pieces, there are some downsides.
Outages and Safety Points
Solana skilled quite a few outages between 2021-2022. In mid-September 2021, your complete community went offline after a surge of transactions uncovered a bug within the system. It was shut down for 17 hours as a group of engineers have been working to repair the difficulty. One query which may be ringing in your head – how can a theoretically decentralised community be shut down for upkeep as a centralised community could be? Effectively, it seems that the highest 5 information centres which have Solana nodes management 47.4% of the nodes. It is a evident situation for a lot of cryptocurrency buyers, as many individuals spend money on cryptocurrencies for his or her decentralised nature. Though networks like Ethereum (ETH) and Bitcoin (BTC) might not permit for an enormous quantity of transactions to be processed, and are slower, they’re safer. Bitcoin and Ethereum have solely suffered outages a pair instances every over the span of 10+ years.
Solana’s Potential Features
Solana (SOL) has loved unimaginable good points of 12,000% in 2021, and at one level was the fifth largest cryptocurrency with a market cap of over $66 billion. Nevertheless, Solana was additionally one other casualty of the extreme crash and by early October 2022, SOL had dropped to about $11.71 billion in market capitalisation. There’s a likelihood Solana will rise once more on the subsequent bull run, nevertheless, the good points can be nowhere close to near what they have been at this preliminary growth. In case you are in search of explosive good points, investing in a meme coin is a high-risk, very, very, very high-reward funding. Meme cash like Shiba Inu (SHIB) have skilled immense good points of 14,044,998%, and getting onboard early is the important thing to blasting off to the moon with these cryptocurrencies.
Bullish on Huge Eyes
Huge Eyes (BIG) is a promising new meme coin with a deal with giving again to the atmosphere. Not like its rivals within the meme coin area akin to Dogecoin (DOGE), Huge Eyes has giving and charity constructed into its tokenomics. 5% of all tokens can be held in a visual charity pockets, and donated to charities specializing in marinelife conservation. Huge Eyes has raised over $9 million in its presale, and solely continues to construct momentum.
Must you Put money into Solana?
From a consumer perspective, the decentralised functions (dApps) built-in Solana are improbable. Buying NFTs, or different cryptocurrencies operating on the Solana community are quite simple and have little or no commissions. Solana is a strong funding to make, however it comes all the way down to your perception as as to whether Solana can overcome these outage points and centralisation issues. The destiny of Solana can be determined by its resilience in the long term, and whether or not Ethereum will have the ability to scale and catch as much as Solana’s blazing quick speeds. Additionally investing in Ethereum (ETH), and Ethereum-based cryptocurrencies akin to Huge Eyes (BIG) is an effective way to unfold the chance and get your eggs in multiple basket.
Huge Eyes Coin (BIG)
Presale: https://purchase.bigeyes.area/
Web site: https://bigeyes.area/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: It is a paid launch. The statements, views and opinions expressed on this column are solely these of the content material supplier and don’t essentially symbolize these of Bitcoinist. Bitcoinist doesn’t assure the accuracy or timeliness of data out there in such content material. Do your analysis and make investments at your personal threat.
Crypto
Experts celebrate promising new breed of cryptocurrency: 'Not only promises efficiency …'
An up-and-coming player in the world of cryptocurrency is looking to revolutionize the industry through its unique processes that highlight sustainability.
According to Be3, cryptocurrency XRP, developed by Ripple Labs, could have a “transformative impact on both finance and environmental sustainability” thanks to its unique consensus mechanism that does not require mining and uses a negligible amount of energy even as it scales.
It generates a minuscule amount of pollutants per transaction while producing 1,110 pounds of electronic waste and impacting just over 8 cubic miles of natural resources.
This approach separates XRP from its contemporaries, which often rely on the notoriously power-hungry proof-of-work systems and hulking mining centers that can destabilize the grid.
Statistics provided by TRG Datacenters show that XRP is the second-most eco-friendly cryptocurrency behind IOTA, consuming just 0.0079 kilowatt-hours per transaction. Comparatively, bitcoin ranks last at a staggering 707 KWh per transaction.
Furthermore, the cryptocurrency became the first major global blockchain to achieve carbon net zero by purchasing enough renewable energy to offset its minimal energy requirements, per the XRP Ledger.
Be3 also noted other features that make XRP an attractive option for institutions focused on environmental responsibility, as it takes just three to five seconds to settle at fractions of a cent per transaction.
It’s a welcome addition to a sector that desperately needs more sustainable options. A study by the International Monetary Fund found that crypto mines, in conjunction with artificial intelligence data centers, accounted for 2% of global electricity demand and 1% of carbon dioxide pollution in 2022.
The United Nations found that the bitcoin mining network used 173.42 terawatt-hours of electricity between 2020 and 2021, resulting in a carbon footprint equivalent to burning 84 billion pounds of coal.
Coal and natural gas also supplied 66% of the energy for mining operations during this period, polluting the planet with planet-warming gases.
Luckily, the sector has made significant strides in recent times in an effort to become more eco-friendly.
Alephium, which utilizes a proof-of-work blockchain, has partnered with Gigatons to implement a proof-of-less-work consensus that is significantly more energy efficient.
Meanwhile, Ethereum has transitioned to a proof-of-stake system that has cut its energy consumption by nearly 100%.
“In a world increasingly attentive to environmental impact, XRP’s innovative technology not only promises efficiency but also a greener future,” Be3 wrote.
Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.
Crypto
ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions
Zagreb, Croatia–(Newsfile Corp. – January 12, 2025) – ZIUM, a cutting-edge agency founded to tackle some of the most pressing challenges in social media and digital marketing, is now officially open for business. Specializing in Instagram username claims, account unbans, and cryptocurrency marketing, ZIUM has positioned itself as a trusted partner for individuals and businesses seeking innovative solutions in the digital age.
The agency operates at the intersection of technology, social media, and blockchain marketing, empowering clients to unlock their full potential online. With a dedicated team of experts and a results-driven approach, ZIUM is redefining the way people navigate the ever-changing online landscape.
ZIUM
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9586/236268_f6b779d0b42269a0_001full.jpg
A New Era of Digital Problem Solving
ZIUM’s services address real-world challenges in today’s digital ecosystem. Instagram, one of the largest and most influential social platforms, has become a critical tool for personal branding, business promotion, and community engagement. However, issues such as unavailable usernames or unfair account suspensions can hinder growth and cause frustration. ZIUM steps in to provide solutions that are fast, efficient, and tailored to each client’s needs.
Additionally, ZIUM excels in cryptocurrency marketing, offering projects and startups a strategic edge in the fast-paced blockchain industry. By combining deep knowledge of crypto trends with cutting-edge marketing strategies, the agency helps blockchain projects stand out in an increasingly crowded market.
Core Services Offered by ZIUM
-
Instagram Username Claims
In the crowded social media space, having the perfect Instagram username can make all the difference. Whether it’s for a brand, influencer, or business, ZIUM specializes in acquiring sought-after usernames to align with clients’ goals and identities. The agency handles the process from start to finish, ensuring a smooth and hassle-free experience. -
Instagram Account Unbans
Account suspensions on Instagram can be devastating, especially for businesses and influencers relying on the platform for engagement and revenue. ZIUM offers expert account recovery services, helping clients navigate Instagram’s policies to regain access to their accounts quickly and effectively. -
Cryptocurrency Marketing
The cryptocurrency space is highly competitive, and visibility is key. ZIUM provides end-to-end marketing strategies tailored to blockchain projects, ensuring they reach the right audience. From brand development to targeted campaigns, ZIUM helps crypto ventures grow and thrive in an ever-evolving market.
Crypto
Donald Trump Embraces Meme Coins—A Presidential First
Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.
Trump: A Significant Crypto Portfolio
Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.
In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
— Arkham (@arkham) January 10, 2025
From Skepticism To Support
Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.
Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.
Implications For Regulation
Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.
Meme Coin Boom
The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.
Featured image from Fortanix, chart from TradingView
-
Politics1 week ago
Who Are the Recipients of the Presidential Medal of Freedom?
-
Health1 week ago
Ozempic ‘microdosing’ is the new weight-loss trend: Should you try it?
-
Technology4 days ago
Meta is highlighting a splintering global approach to online speech
-
News1 week ago
Seeking to heal the country, Jimmy Carter pardoned men who evaded the Vietnam War draft
-
Science2 days ago
Metro will offer free rides in L.A. through Sunday due to fires
-
News1 week ago
Trump Has Reeled in More Than $200 Million Since Election Day
-
News1 week ago
The U.S. Surgeon General wants cancer warnings on alcohol. Here's why
-
World1 week ago
Calls for boldness and stability at Bayrou's first ministers' meeting