SEC’s Latest Filing Could Alter the Legal Status of Solana
The U.S. Securities and Exchange Commission (SEC) has moved to amend its complaint against Binance Holdings, Binance.US, and former CEO
Solana, often referred to as the “Ethereum killer,” shares significant similarities with Ethereum. The Solana Foundation was founded in 2018 and later launched Solana, an open-source project.
The Solana blockchain uses a proof-of-history consensus mechanism, unlike earlier blockchains. Solana blockchain’s native token is Solana (SOL). Notably, Solana uses “a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of crypto’s first-wave solution,” as quoted by CEX.IO COO Konstantin Anissimov. With its unique combination of proof of history and delegated proof-of-stake algorithms, Solana is aimed at solving Ethereum’s scalability issues.
Solana offers faster transaction speeds than its closest competitors, Ethereum and Cardano. Compared to Ethereum’s 15 transactions per second, Solana can process about 2,600 transactions per second. Thus, Solana is identified to be one of the fastest blockchain platforms. To know what’s happening in the Solana ecosystem, read from CryptoTale.
The U.S. Securities and Exchange Commission (SEC) has moved to amend its complaint against Binance Holdings, Binance.US, and former CEO
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Renowned crypto analyst Jelle shared his optimistic insights on Solana (SOL), drawing parallels with its performance in the summer of
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At the Bitcoin Conference 2024, Robert Mitchnick, BlackRock’s Head of Digital Assets, dismissed the prospect of Exchange-Traded Funds (ETFs) for
Solana (SOL) has shown notable volatility recently, with its price oscillating between $167 and $185. The altcoin’s movement has attracted
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