Avalanche Versus Solana. What Project Will Win in This Layer-1 Race?

Layer-1 Race Forecast: Avax vs Solana

Today, the crypto community is looking for alternatives to Ethereum, as it still struggles with high transaction fees and slow processing, losing out to competitors. Avalanche and Solana are new Layer-1 solutions in the cryptocurrency world that have received a generous amount of attention from members of the cryptocurrency community. These two blockchains are competing for first place in the Avax vs Solana Layer-1 race. This is an interesting event to look out for in 2022.

Results of Layer-1 Race in 2021: Avalanche Versus Solana

Bitcoin, Ethereum, Solana, Avax are examples of Layer-1 solutions or the basic structure of any blockchain. The industry is evolving, and the number of Layer-1 technologies is growing. As the list expanded, common problems became apparent: low efficiency and slowness. Solana and AVAX outperform other blockchains in:

  • Scalability
  • Layout
  • Atomicity
  • Interoperability
  • Adoption

As for today, Solana excels in all the mentioned aspects. It has higher scalability, better layout & atomicity, and is more adopted. Avax is better in terms of interoperability. But the current situation can change in 6 months.

Potential of Avax in Layer-1 Race 2022

Avalanche by Ava Labs allows anyone to create multifunctional blockchains and dApps. The project is meant to redress some of the limitations of older platforms — low transaction speeds, centralization, and scalability. To achieve this, the project uses its innovations. First of all, it is the unique consensus protocol, which features low latency, high throughput, and resistance to attacks. The team took into account state regulation and allowed the development of transparent systems. Avalanche has many features that set it apart from hundreds of other digital assets:

  • Transaction costs. Fees depend on the type of transaction.
  • Sliding scale fees. As workload on the network increases, fees increase. After a particular period, the function is recalculated to account for the natural increase in transaction volume in the system.
  • Transaction levels. Unlike the Ethereum model, Avalanche has adopted a different system that includes 2 types of processing mechanisms.
  • High scalability. The blockchain and all the projects it hosts operate on the proof-of-stake algorithm. According to the developers, the network is capable of passing thousands of transactions per second. And a large number of validators keep the network running, fast and secure.
  • Compatibility. Blockchain can communicate both within and between subnets. This allows the interchain transfer of value. Subnets complement each other.
  • Inclusivity. Many proof-of-stake (PoS) blockchains allow only a select number of validators to participate in consensus building, and Avalanche allows anyone who bids at least 2,000 AVAX.
  • Users do not see their bid penalized if their node is misbehaving or malfunctioning.

Still, it is difficult to say whether it can win the race because Solana seems to show better results. AVAX is a worthy contender, but it lags behind in terms of privacy. Even Firo, which is expected to grow significantly in the future, stands a better chance in this regard — https://godex.io/blog/price-predictions/firo-firo-price-prediction-2021-2025-should-i-invest-in-firo

Potential of Solana in Layer-1 Race 2022

Solana is a blockchain that provides high-speed, secure, and scalable dApps (decentralized applications) and trading platforms. The goal of the crypto project is to create a convenient scalable protocol with high throughput. According to the developers, the platform is focused on minimizing transaction fees and costs. Solana has many features that set it apart from hundreds of other projects:

  • The architecture has the theoretical ability to process up to 710,000 transactions per second. So far, a result of 60,000 transactions has been achieved. But even that figure makes it one of the fastest platforms in existence.
  • The network is designed so that it can easily handle a growing workload. Several technological innovations, including the original Proof-of-History protocol, make this platform flexible and highly scalable.
  • It has managed to keep transaction prices low in Solana-based decentralized applications.
  • Since users do not need to deal with shards or second-tier systems, a high degree of compatibility is achieved. Solana can interoperate with other crypto platforms as well.
  • Resistance to censorship. A decentralized ecosystem conducts global transactions without third-party involvement. No control over the network ensures that transactions cannot be blocked or stopped.

Most likely Solana will take first place in the Layer-1 race 2022. It has stronger advantages, such as 710,000 TPS.

Conclusion

Most likely Solana will win in this Layer-1 race. But, nothing prevents Avax from gaining a victory. It is also worth keeping in mind that at any moment, a new crypto project may appear that will surpass both Avax and Solana in this Layer-1 race.