I see Solana getting some flack here in r/cc and Algo getting lots of love. Curious why that is?
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As you can maybe tell, i'm fairly new here so excuse me if my etiquette is a bit lacking. I have been seeing a lot of good things posted in this sub about ALGO and upon looking into it i was reminded of another project that piques my interest, Solana. Which i see doesn't get as much love in this sub. Base level question: why is that!? So i wanted to look for myself and see whats obvi to a novice crypto investor like myself, as well as get your feedback on the major differences of the 2 chains. Total Nodes: Algo: As of November 2021, there is approximately 120 relay nodes. Solana: 200 nodes (Solana is touted to support 50,000 transactions per second (TPS) with over 200 nodes on testnets, making it one of the world's fastest decentralized networks) ((can anyone verify this claim?)) Market Cap: Algo: 6.4b Solana: 31.5b Ok so a bit bigger SOL cap Governance/Staking: Algo: Rewards on every wallet, some as high as 7.2% APY (Atomic); A governance vote is open for the next 2o some odd days Solana: Using liquidity pools to gain rewards (like Jet Protocol (still havent DY(MY)OR enough on this, but at first glance..) Looks like governance and staking isnt as fluid and avaialble? Both seems really fast and efficient, Algo definitely touts the "carbon neutral" quite a bit more, dont see that from Solana but they seem equally energy intensive as well? Ive been making some transactions on both for some time now and see similarities in gas fees, Tx's are super quick and cheap (on both) and are super interesting to me especially if high gas fee's are reduced to fractions of a penny. Another plus for Solana is that it has a pretty big NFT world it contains too Solana has seen a much greater ATH ($260 USD) As compared to Algo ATH ($2.82 USD) Anyways, more than anything im curious why the divide in the community more than the actual statistical/technical differences, so i'd appreciate any guidance. Thanks in advance! Then there's this article comparing the 2: https://medium.com/general_knowledge/solana-sol-vs-algorand-algo-most-price-potential-973a55ec4339 submitted by /u/ryjobe36 |
