{"id":224,"date":"2022-02-17T01:31:08","date_gmt":"2022-02-17T01:31:08","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/02\/17\/missed-out-on-ethereum-heres-why-you-can-buy-solana-instead\/"},"modified":"2022-02-17T01:31:08","modified_gmt":"2022-02-17T01:31:08","slug":"missed-out-on-ethereum-heres-why-you-can-buy-solana-instead","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/02\/17\/missed-out-on-ethereum-heres-why-you-can-buy-solana-instead\/","title":{"rendered":"Missed Out on Ethereum? Here\u2019s Why You Can Buy Solana Instead"},"content":{"rendered":"<div id=\"\"><img decoding=\"async\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=\" style=\"position: absolute\" elementtiming=\"TTVR.ArticleContent\"\/><\/p>\n<p><strong>Ethereum <\/strong><a target=\"_blank\" href=\"https:\/\/www.fool.ca\/company\/crypto-eth-ethereum\/332477\/\" data-id=\"107\" data-m=\"{&quot;i&quot;:107,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:3}\" rel=\"noopener\">(CRYPTO:ETH)<\/a> has been a massive wealth creator for long-term investors, as it has gained a staggering 4,00,000% in fewer than seven years. The ETH token is now the world\u2019s second-largest <a target=\"_blank\" href=\"https:\/\/www.fool.ca\/investing\/how-to-invest-in-cryptocurrency-in-canada\/\" rel=\"noreferrer noopener\" data-id=\"108\" data-m=\"{&quot;i&quot;:108,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:4}\">cryptocurrency<\/a>, valued at a market cap of US$377 billion, at the time of writing.<\/p>\n<p> <span class=\"storyimage fullwidth inlineimage\" data-aop=\"image\"><br \/>\n<span class=\"image\" data-attrib=\"Provided by The Motley Fool\" data-caption=\"investment research\" data-id=\"105\" data-m=\"{&quot;i&quot;:105,&quot;p&quot;:104,&quot;n&quot;:&quot;openModal&quot;,&quot;t&quot;:&quot;articleImages&quot;,&quot;o&quot;:1}\"><br \/>\n <img decoding=\"async\" alt=\"a woman sitting in front of a laptop computer: investment research\" src=\"http:\/\/www.bing.com\/news\/{&quot;default&quot;:{&quot;load&quot;:&quot;default&quot;,&quot;w&quot;:&quot;80&quot;,&quot;h&quot;:&quot;45&quot;,&quot;src&quot;:&quot;\/\/img-s-msn-com.akamaized.net\/tenant\/amp\/entityid\/AAL1Up2.img?h=450&amp;w=799&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=393&amp;y=158&quot;},&quot;size3column&quot;:{&quot;load&quot;:&quot;default&quot;,&quot;w&quot;:&quot;62&quot;,&quot;h&quot;:&quot;35&quot;,&quot;src&quot;:&quot;\/\/img-s-msn-com.akamaized.net\/tenant\/amp\/entityid\/AAL1Up2.img?h=352&amp;w=624&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=393&amp;y=158&quot;},&quot;size2column&quot;:{&quot;load&quot;:&quot;default&quot;,&quot;w&quot;:&quot;62&quot;,&quot;h&quot;:&quot;35&quot;,&quot;src&quot;:&quot;\/\/img-s-msn-com.akamaized.net\/tenant\/amp\/entityid\/AAL1Up2.img?h=352&amp;w=624&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=393&amp;y=158&quot;}}\" bad-src=\"http:\/\/static-entertainment-eus-s-msn-com.akamaized.net\/sc\/9b\/e151e5.gif\"\/><\/span><br \/>\n<span class=\"caption truncate\"><br \/>\n <span class=\"attribution\">\u00a9 Provided by The Motley Fool<\/span><br \/>\n investment research<br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p>A primary reason for Ethereum\u2019s popularity is the ability of its blockchain network to execute smart contracts, which allowed it to onboard several developers and expand its ecosystem rapidly. Now, this functionality is replicated by other blockchains such as <strong>Solana <\/strong><a target=\"_blank\" href=\"https:\/\/www.fool.ca\/company\/crypto-sol-solana\/332460\/\" data-id=\"109\" data-m=\"{&quot;i&quot;:109,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:5}\" rel=\"noopener\">(CRYPTO:SOL)<\/a> at a significantly lower cost. The SOL token surged over 11,000% in 2021 but still has the potential to deliver outsized gains in the upcoming decade for a variety of reasons.<\/p>\n<div class=\"ec-module section-layout emsinline clearleft\" data-height=\"350px\" data-nativead-tracking=\"{&quot;id&quot;: &quot;dianomi&quot;, &quot;sdk&quot;: &quot;widget&quot;, &quot;w&quot;: &quot;300&quot;, &quot;h&quot;: &quot;250&quot;}\">\n<img decoding=\"async\" src=\"http:\/\/static-entertainment-eus-s-msn-com.akamaized.net\/sc\/64\/a8a064.gif\" alt=\"Loading...\"\/><\/p>\n<p data-loadtimeout=\"5000\">Load Error<\/p>\n<p><iframe scrolling=\"no\" src=\"\" data-url=\"\/\/www.dianomi.com\/smartads.epl?id=3533\" data-id=\"106\" data-m=\"{&quot;i&quot;:106,&quot;p&quot;:104,&quot;n&quot;:&quot;externalcontent&quot;,&quot;t&quot;:&quot;\/\/www.dianomi.com\/smartads.epl?id=3533&quot;,&quot;o&quot;:2}\"><\/iframe>\n <\/div>\n<h2><strong>The bull case for Solana<\/strong><\/h2>\n<p>One of the more recent blockchain networks, Solana was launched in April 2020. It aims to solve speed and scalability issues associated with Ethereum. Due to its rapid gain in 2021, Solana is already the eighth-largest cryptocurrency in the world valued at a market cap of US$33 billion.<\/p>\n<p>The Solana blockchain operates on a proof-of-consensus mechanism, where you can stake the SOL token to validate transactions and earn rewards. It\u2019s a mechanism that is far more energy-efficient compared to the proof-of-work mechanism that powers networks, including <strong>Bitcoin<\/strong> and Ethereum.<\/p>\n<p>The Solana blockchain can process around 50,000 transactions each second at a cost of just $0.0008 per transaction. It has another feature called proof of history, which adds a timestamp to each block that needs validation, thereby eliminating the need for computers that are part of the network to agree on the order of validating transactions.<\/p>\n<p>Investors should understand that the demand for a digital asset depends primarily on the potential of the underlying blockchain to create real-world utility. The <a target=\"_blank\" href=\"https:\/\/www.fool.com\/investing\/2022\/02\/09\/missed-out-on-ethereum-heres-what-to-buy-now\/\" rel=\"noreferrer noopener\" data-id=\"110\" data-m=\"{&quot;i&quot;:110,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:6}\">high transaction speeds<\/a> and low costs of Solana make it an ideal platform for the development of DeFi, or decentralized finance, protocols.<\/p>\n<p>DeFi is focused on replacing legacy financial services systems that are outdated, regulated, and expensive. Users have control over their finances, and a financial intermediary like a bank is replaced, which lowers costs by a huge margin.<\/p>\n<p>Solana just launched a <a target=\"_blank\" href=\"https:\/\/www.fool.ca\/2022\/02\/03\/2-key-catalysts-that-will-drive-solana-prices-higher-in-2022\/\" data-id=\"111\" data-m=\"{&quot;i&quot;:111,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:7}\" rel=\"noopener\">payments protocol<\/a> known as Solana Pay. It creates the foundations for a decentralized, and peer-to-peer payment protocol to accelerate the adoption of digital currencies. Solana Pay has the potential to completely transform the manner in which a merchant engages with customers by introducing mechanisms to build loyalty via offers and rewards.<\/p>\n<h2><strong>The risks of investing in Solana<\/strong><\/h2>\n<p>Similar to most other cryptocurrencies, investing in the SOL token is also a high-risk proposition. In fact, SOL is down 60% from all-time highs, showcasing the volatility related to this asset class.<\/p>\n<p>However, Solana\u2019s blockchain is promising, making SOL one of the top cryptocurrencies for long-term investors. In fact, <strong>Bank of America <\/strong>expects Solana to become the <strong>Visa <\/strong>of the crypto ecosystem. Solana can also be optimized for verticals such as gaming and micropayments, and its extremely low transaction fee should allow the network to gain market share from Ethereum.<\/p>\n<p>If you want to invest in cryptocurrency, buying Solana is a really good option.<\/p>\n<p>The post <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.fool.ca\/2022\/02\/16\/missed-out-on-ethereum-heres-why-you-can-buy-solana-instead\/\" data-id=\"112\" data-m=\"{&quot;i&quot;:112,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:8}\">Missed Out on Ethereum? Here\u2019s Why You Can Buy Solana Instead<\/a> appeared first on <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.fool.ca\" data-id=\"113\" data-m=\"{&quot;i&quot;:113,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:9}\">The Motley Fool Canada<\/a>.<\/p>\n<div class=\"pitch-snippet\">\n<h2>Should You Invest $1,000 In Ethereum?<\/h2>\n<p>Before you consider Ethereum, we think you\u2019ll want to hear this.<\/p>\n<p>Our S&amp;P\/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could supercharge any portfolio.<\/p>\n<p>Want to see if Ethereum made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/ca.foolpitches.com\/r?e=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_c291cmNlPWl4OWZjYTc0MTAwMDAwMDcmYWRuYW1lPWNhX3NhX3N0YXJ0ZXJzdG9ja3Nfc3RhcnRlcnN0b2Nrc18xJnBsYWNlbWVudD1waXRjaCZjb252PSVjb252ZXJzaW9uaWQlIn0&amp;s=M5AHDkvLxBgNriEOIxb8p2RUXBM\" class=\"pitch-button\" data-id=\"114\" data-m=\"{&quot;i&quot;:114,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:10}\" rel=\"noopener\">See the 10 Stocks<\/a><\/p>\n<p> <span>* Returns as of 1\/18\/22<\/span> <\/p>\n<\/p><\/div>\n<p><strong>More reading<\/strong><\/p>\n<p><em>Bank of America is an advertising partner of The Ascent, a Motley Fool company. Fool contributor <a target=\"_blank\" href=\"https:\/\/boards.fool.com\/profile\/TMFAdityaR\/info.aspx\" data-id=\"120\" data-m=\"{&quot;i&quot;:120,&quot;p&quot;:104,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:16}\" rel=\"noopener\">Aditya Raghunath<\/a> has no position in any of the stocks mentioned. The Motley Fool owns and recommends Bitcoin and Ethereum. The Motley Fool recommends Visa. <\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (CRYPTO:ETH) has been a massive wealth creator for long-term investors, as it has gained a staggering 4,00,000% in fewer than seven years. The ETH token is now the world\u2019s second-largest cryptocurrency, valued at a market cap of US$377 billion, at the time of writing. \u00a9 Provided by The Motley Fool investment research A primary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=224"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/225"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}