The 2 main cryptocurrencies to buy and never to sell! - SIMPLYSHAN.COM

The 2 main cryptocurrencies to buy and never to sell!

The crypto-currencies are a speculative asset class, but major blockchains like Solana (SOL -7.09%) and Cardano (ADA -4.81%) have fundamental advantages over their rivals in terms of sophistication and potential uses . Let’s see why their innovative designs and technical capabilities could create lasting value for investors.

1. Solana

With a market cap of $20+ billion, Solana is the seventh largest cryptocurrency. And it’s not hard to see why. See the article: Spain’s tax agency warns cryptocurrency investors against income tax.. Blockchain’s blazing speed and its many fintech use cases could help it maintain its dominance for decades to come.

Solana is designed to be a platform for decentralized applications (dApps), which are programs using smart contracts to offer services on the blockchain. DApps expand the uses of cryptocurrency beyond just storing and transmitting value. But the increase in traffic has caused scalability issues for the current market leader, Ethereum.

With a transaction capacity of 50,000 per second (compared to 15 for Ethereum), Solana is better able to handle large volumes of dApp activity. And in the long term, it can win market share over its rival.

But Solana’s developers didn’t limit themselves to dApps. They also aim for real utility in the fintech sector.

In February, the team launched Solana Pay, a peer-to-peer payment system designed to allow merchants and customers to interact without relying on traditional financial institutions like Visa or Mastercard. Solana Pay allows users to send and receive Solana’s native token, SOL, and other supported coins, such as the USD coin, which is pegged to the US dollar. Although Solana is not the first blockchain to take on the payments industry, its top speed gives it a huge advantage over its rivals.

2. Cardano

Cardano, also worth $20+ billion, is the eighth largest cryptocurrency, just behind Solana. See also: Bitcoin (BTC): Here’s why you should buy BTC now, and hold it for the long term!. And while it can’t match its close rival in terms of raw technical prowess, it makes up for it with an aggressive development track record that could help it dominate the industry in the long run.

Unlike Solana, Cardano does not have the highest speed in the industry. With a transaction capacity of 250 per second, it manages to beat Ethereum, but it is hardly at the forefront of blockchain technology. That said, investors should bet on Cardano’s future, not its present.

Its developer, Input Output Hong Kong (IOHK), presented a phased strategy for scaling the platform. The first three phases, dubbed Byron, Shelly, and Goguen, focused on platform launch, basic design, and digital application support. The next phase, Basho, will focus on scalability.

IOHK suggests that the technologies involved in Cardano’s Basho phase could potentially bring its transaction capacity up to 1 million per second. But the developer stresses that this is an ambitious goal. And he plans to scale the platform based on demand.

Solana and Cardano look set for long-term success due to their advanced technical capabilities and active development teams.

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