Bank of America, serving as the second largest bank in the USA, made statements about Solana (SOL), which has become one of the most popular cryptocurrencies of 2021. In the statements made by strategist Alkesh Shah, who continues to work within the bank, it was stated that the Solana network could be the Visa of the digital asset ecosystem.
Solana is one of the cryptocurrencies that attracts attention with its high speed and low transaction fees, although it experiences interruptions from time to time. With millions of investors, SOL is described by many as the “Ethereum Killer”. It is not known whether Alkesh Shah’s statements will be true, but it is obvious that these statements will please SOL investors.
“Leaving Ethereum Behind”
According to Bank of America strategist, Solana will one day surpass Ethereum. Shah states that the advantages offered by the Solana network are important for all digital ecosystems, and its scalability and ease of use come to the fore. So, can all this turn the Solana network into the Visa of the digital world?
Visa can process an average of 1,700 transactions per second. However, the total potential of Visa is available for an average of 24 thousand transactions per second. The Solana network, on the other hand, has the potential to process 65,000 transactions per second. Considering that there are 12 transactions per second on the Ethereum network, we can say that the potential in Solana is much higher.
This content is not investment advice.
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