Ethereum competitor Solana grew a staggering 22.7% overnight to hit a price of $83.21 barely a week after beating its former all-time high of $78.63.
Today’s overnight surge sees the currency establishing a firmer foothold as the tenth-biggest crypto by market cap, according to data aggregator CoinGecko.
Like Ethererum, the Solana blockchain utilizes smart contracts—lines of code that execute “if-then” statements akin to productivity tool IFTTT but for crypto—to enable a whole world of financial services and decentralized apps to be built on the blockchain.
Solana’s network mines its native SOL token using a proof-of-stake (PoS) consensus mechanism. This means that it’s a lot greener than Bitcoin and Ethereum, which both currently use the energy-intensive proof-of-work (PoW) model.
In PoW, network miners that are capable of verifying the most network transactions are those with the most hardware muscle and the highest electricity bills. In a PoS environment, however,
Źródło: https://decrypt.co/79569/solana-records-new-all-time-high-second-time-week
