If Solana Does Not Fix What Ethereum Has Already Done It May Never Reach ATH - BitcoinEthereumNews.com
EthereumIf Solana Does Not Fix What Ethereum Has Already Done It May Never Reach ATH06 / 01 / 2022Balita ng Ethereum ng Bitcoin If Solana does not change a basic structure of the project, it will have fewer chances to reach its previous all-time high. Token Terminal‘s official account raises a critical issue for the Solana network, which could be the main reason for the network’s decline, since SOL has lost almost 80% of its value from its all-time high in November. Unfortunately, the Ethereum killer failed to learn from its predecessor and did not adjust its fee structure in response to the quickly changing market, which could have been one of the key reasons for Solanas dismal success. According to reports, Solana earns $50,000 per day in fees but spends $5 million per day on printing. The fundamental concern with the network‘s business model’s longevity is the imbalance between revenue and spending. Solanas problem with the business model is reminiscent of EOS and NEO, which were dubbed another Ethereum killer by the market during the 2017 bull run. Both networks had concerns similar to those that Solana is having right now, such as a lack of suitable fee structuring and technical issues. Unlike Ethereum