Ethereum vs. Solana
In this article we'll compare Ethereum and Solana. This is an indepth review that considers many metrics.
Overview
Ethereum | Solana | |
---|---|---|
Created by | Vitalik Buterin | Anatoly Yakovenko |
Native token | ETH | SOL |
Consensus algorithm | PoS | PoH |
Hashing algorithm | KECCAK-256 | SHA-256 |
Supports EVM | Yes | No |
TPS | 27 | 65000 |
Block time (secs) | 12 | 0.4 |
Layer | 1 | 1 |
Supports smart contracts | Yes | Yes |
Average transaction fee | $17.48 | $0.00025 |
Staking rewards (APR) | 3.31% | 7% |
Table of Contents
Comparison
Is Ethereum faster than Solana?
No, Ethereum processes 27 transactions per second and Solana processes 65000.
Is Ethereum cheaper than Solana?
No, Ethereum has an average transaction fee of $17.48, whereas Solana costs $0.00025.