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 a layer 1. Sol is used for staking and gas fees. Dapps and Capps can be built on solana. Think of how Polygon is a layer 2 focused on solving the gas fee issue with ethereum which is another layer 1. Think of how the lightning network is a layer two for bitcoin to increase TPS capabilities. Layer 2 for solana don’t have to worry about solving scalability and TPS and gas fees and all that jazz. Instead payment systems, tokenized asset market, whatever you can imagine can be built on top of Solanas ecosystem