Solana is becoming a popular alternative to Ethereum because of its lower costs and faster speeds.
Insider spoke with Mike Duboe, a VC at Greylock, about his picks for top projects on Solana.
The Ethereum blockchain is the foundation for many popular crypto projects, such as Bored Apes Yacht Club and The Sandbox. But it has a couple of big drawbacks, some Web3 developers say: It's not built to process enormous numbers of transactions, and when there's heavy demand, the usage costs, known as gas fees, can skyrocket.
Other blockchains have been built to tackle this problem. Among the fastest-growing is Solana, which is designed to keep transaction costs low and speeds high. Though Solana has its downsides — it has had several outages in the past few months — its proponents say it is an important alternative to Ethereum for high-demand applications such as non-fungible tokens and gaming.
Mike Duboe, a partner at the venture capital firm Greylock Partners, has invested in the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...