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