Popular cryptoasset influencer and analyst Ben Armstrong has named two high-speed L1 blockchains that have the potential to “unseat the big boys” (including Ethereum, Cardano, Polkadot, and Binance Smart Chain).
According to a report by The Daily Hodl, in a video released on June 23 on his very popular YouTube channel “BitBoy Crypto“, Armstrong made interesting comments about Solana ($SOL) and Elrond ($EGLD).
Solana
Armstrong said:
“With a processing capacity between 50,000 to 65,000 transactions per second and a theoretical limit of over 700,000 per second, Solana is light years ahead of Bitcoin and Ethereum in transaction per second...
“… Solana has a runtime built to process tens of thousands of contracts in parallel… With a cost of only $10 per 1 million transactions, you can see why dApps developers everywhere are so keen to jump on board. SBF chose Solana for the Serum DEX precisely because it was the fastest smart contract crypto on the market.“
Elrond
“Elrond can handle a huge number of transactions at scale to the tune of a mighty 15,000 per second... From a developer’s point of view, Elrond is an enticing prospect. A platform with real utility to build on, support for WebAssembly, where you can write smart contracts in a host of programming languages...
“According to Picolo Research, Elrond has the second-strongest community in all of crypto. Second only to Cardano. Elrond will never upscale beyond its maximum total supply of around 31 million. This gives it a scarcity akin to Bitcoin, which has obvious upside for its strong and committed community.“
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
