I know Bitcoin. Supply is defined by blocks every 10 minutes, supply is cut in half every 4 years and you can exchange your BTC for whatever you want, given that the counterpart agrees. Ive been in the space for +10 years, just saying I get this one coin but…
With Solana, I do not know much. Are SOL like bitcoin, to trade for goods and services? store of value? why would a SOL be worth 50 today and the same one 5000 a few years later?
tshnks
Solana is not a store of value. It has a 1.5% inflation rate that will last into perpetuity. Solana is a decentralized compute platform that can do many things, one of them being transactions. It’s extremely fast, and it is one of the first platforms where fees are cheap enough for developers to build projects on top of.
Overall, Solana is a faster, more decentralized, and far more scalable L1 than Ethereum, which is the predecessor to Solana.