 | Solana will replace Ethereum as the top smart contract chainSolana continues to improve after every set back As many of you probably heard, Solana was down yesterday and although many of you view this as a bad thing for the 9th largest blockchain I think you should reconsider. No other blockchain has experienced the amount of down time that Solana has, what this tells me is that now other blockchain is as prepared to deal with an issue as Solana is. A good example of this is viewing past outages.
Did you see the difference? In one short year Solana was able to cut it's down time in a major outage by less than half, this is thanks to their experience dealing with past outages. See the image below for Solana Outages in 2022 So we can see that January had a lot and I mean a lot of outages, but look what happened after that. No outages in February or march, only one outage per month after that on April, May and June. I'm seeing real improvements from the Solana team on not only reducing the number of outages but also shortening the amount of time it takes to get the network back up after each outage. Some of you might call me an idiot or say I'm to optimistic but I see a near future where Solana might be down to only three or four outages a year, how many other blockchains can say the same thing? How does Solana compare with other Layer ones? Having a centralized entity makes it easier to get things done See the image below to view token allocation of different chains As you can see almost 50% of SOL was distributed to VCs, many view this as a bad thing and continue to claim that a decentralized network is better for the community. The truth is that having a large amount of millionaires and billionaires running the network makes for fast and efficient decision making. You don't have to vote or try to explain to token holders why certain decisions should be made, the people in charge can simply make the best decisions that would benefit the network and those benefits will eventually trickle down to the token holders. I think the data speaks for itself, Solana is just built different than the other chains it's competing against. Solana is going places in 2022 and you want to be sure not to miss it. [link] [comments] |
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