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Coin World Report:
As a competitor to Ethereum, Solana is an open-source blockchain software designed to handle various applications, including payments, transactions, gaming, and social interactions. The Solana blockchain operates as a global single state machine without sharding or second-layer solutions. Its unique combination of scalability, speed, and low cost may provide a better user experience for many use cases.
By processing thousands of transactions per second and having minimal fees, along with advanced security mechanisms combining proof-of-history and proof-of-stake, we believe that Solana stands out as a powerful and accessible blockchain software. We consider the combination of high throughput, low fees, strong security, and a vibrant community atmosphere to make Solana an attractive option for trading funds on exchanges, providing investors with an opportunity to engage with a versatile and innovative open-source ecosystem.
Why do we believe SOL is a commodity similar to Bitcoin and Ethereum?
We believe that the native token SOL functions similarly to other digital commodities such as Bitcoin and Ethereum. It is used for paying transaction fees and computational services on the blockchain. Just like ETH on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions.
The wide range of applications and services supported by the Solana ecosystem, from DeFi to NFTs, highlights the practicality and value of SOL as a digital commodity. The Solana network is operated and controlled in a decentralized manner, without any single intermediary or entity. The infrastructure for transaction verification and recording is collectively maintained by a diverse user base of independent validators from around the world. These validators are responsible for processing transactions and safeguarding the network, ensuring that no single entity can monopolize the system.
The decentralized nature, high utility, and economic feasibility of SOL align with the characteristics of other established digital commodities, reinforcing our belief in SOL as a valuable commodity that can provide use cases for investors, developers, and entrepreneurs seeking alternatives to the duopoly of application stores.
Which cryptocurrencies benefit from SOL’s ETF application?
Firstly, meme coins show the most significant rebound: WIF, BONK, BOME. Secondly, related to the ecosystem: LINK, AR, GRT, etc.
