![]() Supporters of Ethereum say the blockchain will become more scalable, secure and sustainable after its Eth2 upgrade, slated for 2022, during which the network will shift to a PoS model as well. It also has a "massive 'first mover'-adjacent advantage," he adds, referring to the theory that the first to enter a market automatically has an edge over the competition. "Ethereum has more users, more applications that already exist and more stability," Trabucco says. One of the main complaints about Ethereum is its frequently high transaction fees.Įthereum still has its own advantages as well. Solana also has "significantly lower fees," Trabucco says. Solana can support tens of thousands of transactions per second, while Ethereum can support roughly 13 transactions per second. One reason is because Ethereum "is fundamentally limited in its capacity for global-scale applications due to the small number of transactions per second it can support," Harrison says. What's Solana?Īlthough Ethereum is older and more prominent, "Solana is a viable competitor," says Brett Harrison, president of cryptocurrency exchange FTX US. After all, financial experts generally deem all cryptocurrencies to be risky, volatile and speculative investments. Though Solana has been especially buzzy lately, it's important to research and understand the risks before investing. "If you're investing in Solana, you're betting that its technical sophistication will help it leapfrog Ethereum." "A lot of the fastest-growing applications of crypto technology have been built on Ethereum and rely on the Ethereum blockchain to function," Hougan says. Smart contracts, or collections of code that carry out a set of instructions on the blockchain, are crucial in running decentralized finance, or DeFi, applications and nonfungible tokens, or NFTs. For one, both have smart contract capabilities. There are a few reasons why Ethereum and Solana are often compared. Now the fourth-largest cryptocurrency by market value, SOL hit an all-time high of nearly $259.96 on Saturday, and currently, it has a market cap of over $74 billion. This year, SOL is up nearly 12,000%, according to CoinGecko. Now you should have MATIC on your Metamask Matic Network.Hougan isn't alone - the overall market has shown support for Solana, too. ![]() ![]() My fee was 0.00883445 MATIC for the swap. You will have to add the PBNB token when doing the swap (0x7e9928aFe96FefB820b85B4CE6597B8F660Fe4F4). Now that you have PBNB on the MATIC Network, use quickswap.exchange/#/swap and convert the PBNB into MATIC. You'll need some MATIC for gas in the next step. There was no fee for me, and it cost a bit of gas. The PBNB will end up on the MATIC Network. With the BNB in your Metamask BSC network, use swap the BNB into PBNB. ![]() If using Binance, move BNB to the Metamask Binance Smart Chain. It will cost you a lot to move, so it is not recommended. Don't worry, the price is very low :)īelow is the instruction from one of our members:įirstly, you need to know that moving MATIC from an exchange like, Coinbase, Celsius etc., to Metamask, your MATIC is being moved around on the Ethereum Mainnet. As staking takes place on Polygon, you need its token - MATIC - to pay the gas fee for the smart contract. ![]()
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