SHILL Issue12

Fried says solana is better
than ethereum as it's one
of the few networks able to
handle mass adoption
Camomile Shumba
•FTX’s Sam Bankman-Fried said solana was one of the few
blockchains with a roadmap to scale million of transactions.
•Not a lot of other blockchains including ethereum are focused
on scale he said at the Yahoo Finance conference Tuesday.
•Bitcoin sometimes comes under fire for not being able to
accommodate many real-use cases.
Sam Bankman-Fried, the 29-year old that heads up the FTX
exchange, believes solana is better than ethereum as it’s one of the
few blockchains with a plan to accommodate mass adoption.
Bankman-Fried has a net worth of $22.5 billion thanks to his crypto
business, which makes him the youngest person to enter the Forbes
rich list after Facebook boss Mark Zuckerberg.
He spoke at Yahoo Finance and Decrypts’s “Crypto Goes Mainstream”
conference on Tuesday about how the biggest upside of the solana
network is its ability to handle an enormous amount of users and
transactions.
Solana is a decentralized finance (DeFi) peer-to-peer network that
many have billed as an “ethereum killer”, based on its quicker
transaction speed and lower fees when compared to its larger rival.
The network can run 60,000 transactions per second at $0.0015 per
transaction, while ethereum handles just 17,000 at a cost of $5.80
each.
“Solana is one of the few currently existing public blockchains that
has a really plausible roadmap to scale millions of transactions per
second at you know, fractions of a penny per transaction, which is a
scale that you need for this,” Bankman-Fried said.
“That is not where a lot of other blockchains have been focusing,
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SHILL Issue #12