Two Potential Ethereum-Killers According to Sam Bankman-Fried
Potential Ethereum-Killers According to Sam Bankman-Fried. Solana and Avalanche, according to crypto billionaire Sam Bankman-Fried, are the most promising blockchains this year. For good reasons, they are potential Ethereum-killers. The FTX CEO told Decrypt that Solana, which is the seventh largest by market capitalization, has scaled like few others. "They're one of the only chains that has a real plausible path forward here in scaling to the level you would need to get to if you wanted industrial-scale usage," he said. According to CoinMarketCap data, Solana's total worth of $42 billion pales in contrast to Ethereum's astounding $375 billion value. In contrast to Ethereum, which has become notorious for its high gas prices, the Solana blockchain's "proof of history" method allows for minimal transaction fees, ease of use, and scalability, according to a recent report from Bank of America. And what about Avalanche? Bankman-Fried said, "it is a real chain; it's a cool chain, and I think that there's a world in which it gets absolutely huge." Watch the video for more information.