Solana vs Bitcoin
Solana and Bitcoin are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Solana | Bitcoin | |
|---|---|---|
| Created by | Anatoly Yakovenko | Satoshi Nakamoto |
| Native token | SOL | BTC |
| Consensus algorithm | PoH | PoW |
| Hashing algorithm | SHA-256 | SHA-256 |
| Supports EVM | No | No |
| TPS | 65000 | 5 |
| Block time (secs) | 0.4 | 600 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.00025 | $5.0973 |
| Staking rewards (APR) | 7% | 0% |
High-level Comparisons
Is Solana faster than Bitcoin?
Yes, Solana can process 65000 transactions per second. Bitcoin only processes up to 5.
Is Solana cheaper than Bitcoin?
Yes, Solana has an average transaction fee of $0.00025, whereas Bitcoin costs $5.0973.