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.”
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