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Solana to Become the Visa of Digital-Asset World Ahead of Ethereum – Bank of America

Solana has enjoyed strong adoption since launching in 2020 with its revolutionary technology, rising to become the fifth-largest cryptocurrency. Capable of processing up...
Solana to Become the Visa of Digital-Asset World Ahead of Ethereum – Bank of America Solana to Become the Visa of Digital-Asset World Ahead of Ethereum – Bank of America

Solana has enjoyed strong adoption since launching in 2020 with its revolutionary technology, rising to become the fifth-largest cryptocurrency.

Capable of processing up to 50,000 transactions per second while Ethereum struggles at 15-45 TPS, Solana quickly earned the title of the Ethereum-Killer.

Solana combines Proof-of-Stake with Proof-of-History (PoH) to adopt a unique hybrid consensus algorithm – helping it achieve high throughput.

In a research note, the Bank of America (NYSE:BAC) explained to its clients that thanks to its “ability to provide high throughput, low cost, and ease of use,” Solana can become the “Visa (NYSE:V) of the digital asset ecosystem.”

Solana Outperforms Ethereum

The BoA digital asset strategist Alkesh Shah opines that Solana could grab market share from Ethereum because of its “high-value transaction and identity, storage and supply chain use cases.” In the future, the BoA believes Solana might one day beat Ethereum.

The BoA explained that the Solana blockchain is more optimized for consumer use cases such as micropayments and gaming than Ethereum. However, it adds that Solana is relatively less decentralized and secure.

Since its launch in September 2020, Solana has settled more than 50 billion transactions (Visa processed 164.7 billion transactions in the year ending September 30, 2021). Solana has been used to mint over 5.7 million NFTs and has over $11 billion in TVL.

On the Flipside

  • Pantera Capital shares a different outlook on the future, projecting that Ethereum could facilitate 50% of all global transactions in the next 10 years.

Why You Should Care

Solana uses a new design (proof-of-history), and experts believe, if improved, could solve the scalability of digital assets.

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16-01-2022 23:47:41 (UTC+7)

EUR/USD

1.1421

+0.0007 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.1421

+0.0007 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.3680

+0.0008 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

USD/JPY

114.43

+0.22 (+0.20%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

AUD/USD

0.7211

+0.0004 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (3)

USD/CAD

1.2536

-0.0016 (-0.13%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

EUR/JPY

130.68

+0.34 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0439

+0.0010 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (2)

Gold Futures

1,819.65

+3.15 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

23.043

+0.125 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Copper Futures

4.4220

-0.0060 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

Crude Oil WTI Futures

83.44

+0.14 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

86.09

+0.03 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

4.319

+0.096 (+2.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,272.19

-43.71 (-1.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,883.24

-148.35 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,542.95

-20.90 (-0.28%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

Hang Seng

24,217.43

-165.89 (-0.68%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

US Small Cap 2000

2,161.48

+2.05 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,806.60

-10.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

68.110

+0.360 (+0.53%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

52.59

+1.53 (+3.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

227.00

-0.40 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Adidas AG

252.35

-3.85 (-1.50%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

7.241

-0.043 (-0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

145.86

-5.64 (-3.72%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

11.954

-0.246 (-2.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1421↑ Buy
 GBP/USD1.3680↑ Buy
 USD/JPY114.43Buy
 AUD/USD0.7211Sell
 USD/CAD1.2536Buy
 EUR/JPY130.68↑ Buy
 EUR/CHF1.0439Neutral
 Gold1,819.65↑ Buy
 Silver23.043↑ Buy
 Copper4.4220↑ Sell
 Crude Oil WTI83.44↑ Sell
 Brent Oil86.09↑ Sell
 Natural Gas4.319↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
 S&P 5004,662.85↑ Buy
 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
 Hang Seng24,217.43Sell
 Small Cap 20002,161.48↑ Buy
 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(-5/ -5) # 1,145
SJC HCM6,110/ 6,170
(10/ 0) # 1,160
SJC Hanoi6,110/ 6,172
(10/ 0) # 1,162
SJC Danang6,110/ 6,172
(10/ 0) # 1,162
SJC Nhatrang6,110/ 6,172
(10/ 0) # 1,162
SJC Cantho6,110/ 6,172
(10/ 0) # 1,162
Cập nhật 16-01-2022 23:47:44
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,820.16+2.450.13%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.45+0.390.47%
Brent$85.60+0.450.52%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 11:41:39 17/01/2022
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