
What is the difference between Ethereum and Solana?
Ethereum uses a consensus mechanism called Proof of Work (PoW) which is the process by which nodes in the Ethereum network agree on changes to the ledger. It has proven itself to be decentralized, secure and anonymous so far, but there are some disadvantages associated with it. Proof of work is an economic measure to deter denial of service attacks and to control the creation of new blocks on the blockchain. It requires a node in the network to solve a difficult mathematical puzzle in order to create a new block and be rewarded with cryptocurrency. This process is known as mining. However, Proof of Work comes at a cost. Not only does it require significant energy resources, but it...