Solana is a blockchain technology that is being developed by scientists and technologists at the National Renewable Energy Laboratory. The Solana blockchain is designed to facilitate transactions of high volumes of data in a fast and secure way. This could have implications in many industries, including finance, information technology, health care and the internet of things (IOT).

Solana

Avalanche blockchain is a decentralized platform for public and private ledgers that combines performance and security. Avalanche is a platform that allows for multiple different blockchain systems to be layered on top of each other in order to create an infinitely scalable, cryptographically secure, tamper-proof ledger that can be used for any number of industries. The Avalanche network will be resistant to attacks from quantum computers, which are predicted to be capable of breaking the asymmetric encryption used today.

	Solana	Avalanche
Created by	Anatoly Yakovenko	Emin Gün Sirer, Kevin Sekniqi, and Ted Yin
Native token	SOL	AVAX
Consensus algorithm	PoH	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	65000	4500
Block time (secs)	0.4	2
Layer	1	0
Supports smart contracts	Yes	Yes
Average transaction fee	$0.00025	$0.12
Staking rewards (APR)	7%	8.96%

Solana vs. Avalanche

Overview

Table of Contents

Comparison

Is Solana faster than Avalanche?

Is Solana cheaper than Avalanche?