Is Solana’s $SOL worth the HYPE?! (Pros & Cons)

Solana is one of the HOTTEST projects in all the crypto space with its token $SOL rocketing all the way to the Top 15 coins in 2021. It is a next generation blockchain network that boasts industry leading transactions per second and block times. They do this through multiple innovations including their solution to the clock problem – Proof of History. They also have some great support from Sam Bankman-Fried and his Alameda Research and FTX empire. With all these great things there’s also some cons/negatives too that I discovered when researching this project. In this video I’ll break down and analyze the Solana project and let you know if it’s WORTH THE HYPE!

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Resources and Links:
Overview (token supply, founder, etc.):
https://www.reddit.com/r/CryptoHiveMinds/comments/lg9n7e/lets_talk_solana/

Proof of History:
https://lsmod.medium.com/what-makes-solana-the-fastest-public-blockchain-cb8ffde1a7f4
https://medium.com/solana-labs/how-solanas-proof-of-history-is-a-huge-advancement-for-block-time-178899c89723
https://medium.com/solana-labs/proof-of-history-a-clock-for-blockchain-cf47a61a9274

Tech:
https://twitter.com/solana/status/1260271665725837312 (Proof of History is NOT a consensus protocol)
https://twitter.com/KyleSamani/status/1287896824167239681 (Benefits – block propagation is hyper optimized)
https://medium.com/solana-labs/7-innovations-that-make-solana-the-first-web-scale-blockchain-ddc50b1defda
https://solana.blog/seriously-how-fast-can-solana-blockchain-get/ (How fast TPS)

Usage and adoption:
(https://twitter.com/ashwathbk/status/1370471352323371009) More than Polkadot

Not as decentralized:
https://twitter.com/SBF_Alameda/status/1343436567847739392
https://twitter.com/dgntec/status/1315683910509047808 (Verifying independence through community building)
https://twitter.com/Tetranode/status/1393593032658755586 (harder to run nodes, less nodes)
https://docs.solana.com/running-validator/validator-reqs

Still in beta:
Can’t verify source of on-chain programs (https://github.com/solana-labs/solana/issues/12232)
Issue of network was down bc of design choices – https://twitter.com/el33th4xor/status/1313425180635660288

No EVM & Rust is hard:
https://twitter.com/AlphaMonad/status/1370347080569516034 (and token distribution)

Token distribution:
https://twitter.com/Youvoi4/status/1386384137267863558
https://www.gemini.com/cryptopedia/solana-blockchain?fbclid=IwAR2LmYDz21PgHeoXk_ek_keseWp-J63-KVD0jHjTLle1MupZpt8tXcXW7B0#section-proof-of-stake-consensus-algorithm-with-the-sol-coin (And utility too)
https://twitter.com/ramahluwalia/status/1389004919840067587
https://medium.com/solana-labs/solana-foundation-transparency-report-1-b267fe8595c0

Ecosystem:
https://medium.com/solana-labs/year-in-review-2020-c3731d1cc8a

Great interviews:
https://www.youtube.com/watch?v=wx6ZvC91n4Y (GlobalId)
https://www.youtube.com/watch?v=9h8ubj0SB_4 (Blockchain Brad)
https://www.youtube.com/watch?v=GU2_Q5yXJpk (Unchained Capital)

#Solana #SOL #Cryptocurrency #Blockchain #Altcoin

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