Cryptocurrency Q&A
How is Solana so cheap?
How is Solana so cheap?
ethan_harrison_chef
Mon Dec 09 2024
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6 answers
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I'm wondering why Solana is priced so low compared to other cryptocurrencies. Is it because of its technology, market demand, or some other factors? I'd like to understand the reasons behind its affordability.
6 answers
DondaejiDelightfulCharm
Wed Dec 11 2024
Solana boasts impressive capabilities in terms of transaction processing.
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Andrea
Tue Dec 10 2024
To further enhance its efficiency, Solana introduces a unique mechanism called proof-of-history (PoH). This mechanism leverages hashed timestamps to verify the occurrence of transactions, ensuring their accuracy and sequence.
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CryptoChieftainGuard
Tue Dec 10 2024
It can handle a significantly higher number of transactions per second compared to other blockchains.
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Elena
Tue Dec 10 2024
This makes it a highly efficient platform for conducting various transactions.
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Andrea
Tue Dec 10 2024
Moreover, Solana charges lower transaction fees than its competitors.
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