Top Ethereum Rival Could Become the ‘Visa’ of Crypto Assets, According to Bank of America Analyst

Top Ethereum Rival Could Become the ‘Visa’ of Crypto Assets, According to Bank of America Analyst


An analyst from financial giant Bank of America is saying that smart contract platform Solana (SOL) could become the “Visa” of digital assets.

According to a new report, Alkesh Shah says that while top altcoin Ethereum (ETH) prioritizes decentralization and security at the expense of scalability, SOL does the opposite, making it a prime candidate to eat into ETH’s market share.

“[Solana’s] innovations allow for the processing of an industry-leading 65,000 transactions per second with average transaction fees of $0.000025 while remaining relatively decentralized and secure.”

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Shah says Solana’s blockchain is optimized for micropayments associated with gaming and non-fungible tokens (NFTs), which has him comparing the network to payments giant Visa.

“Solana could become the Visa of the digital assets ecosystem.

Ethereum’s prioritization could

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