Is TechPay better than Solana ?

Tallinn, Harju Apr 12, 2022 (Issuewire.com) – Is TechPay better than Solana?

TechPay better than Solana :

To become the world’s most valuable cryptocurrencies, TechPay and Solana are expected to rise to the top in 2022. A website called coinmarketcap.com says the value of all the currencies in the world right now is about $500.20 billion. Investors are interested in how Techpay and Solana’s technology stacks up against the likes of Bitcoin and Ethereum. Even though cryptocurrency is a new player in the industry, Solana and TechPay have seen a rise in interest, even though the cryptocurrency market has been volatile. There are still some crypto traders who are worried about Solana’s winning streak. They are still thinking about investing in it, even though the company has lost money. People who want to invest in tech companies in 2022 should look at this comparison of TechPay and Solana to see if they want to invest in them.

Listing of TechPay :

As far as the listing is concerned, LBank Exchange, a global digital asset trading platform along with coingecko, and the coin market have listed TechPay Coin (TPC). For all users of LBank Exchange, coingecko, and coinmarketcap, the TPC/USDT trading pair will be officially available for trading. 

Advantages of TechPay over Solana :

TechPay has a brilliant advantage over other blockchains such as Bitcoin and Ethereum, which suffer from issues such as high transaction fees and the lack of scalability. To solve persistent problems in existing public distributed ledger technologies, a new model, TechPay, was developed based on Direct Acyclic Graphs (DAG) so that instant transactions are possible with near-zero transactions costs for everyone involved in each exchange or trade. Its native token, TechPay Coin (TPC), has also been listed on LBank Exchange to further expand its global reach and help it achieve its vision.

With the participation of a huge number of people, TechPay hopes to achieve limitless scalability and handle hundreds of thousands of transactions per second. – all without compromising any aspect or feature currently available within blockchains today. To make it possible, the world’s first blockchain solution for a new implementation of Direct Acyclic Graphs (DAG), TechPay Chain, was created. It’s a highly scalable custom layer 1 PoS (Proof-of-Stake) blockchain that is more friendly and supports the ability to build smart contracts and dApps upon it

Comparison between TechPay and Solana :

Let us compare TechPay and Solana to decide which is a better option to invest in in the future :

Low costs and quick transactions:

Ethereum’s strongest rivals are TechPay and Solana, according to cryptocurrency aficionados. As of right now, ETH can handle 14 transactions per second (TPS), compared to SOL’s 50,000 TPS and TechPay’s 300,000. Ethereum is switching from a proof-of-work consensus mechanism to a proof of stake. However, SOL and Techpay still have a significant advantage in terms of transaction speed and cost over their competitors.

However, in the meantime, TechPay has adopted Sirius protocol for its blockchain, which is EVM compatible, and with its latest technology, transactions are done at a lightning-fast speed. Up to 300,000 TPS can be processed on TechPay Chain, which is 20,000 times faster than Ethereum, 43,000 times faster than Bitcoin, and even 4.5 times faster than Solana, which is making TechPay better than Solana, and it is becoming the top trending currency in 2022, and it only requires a fraction of transaction fees to operate as well.

Techpay is the fastest blockchain at the present time if we compared it to Bitcoin, Solana, Ethereum, etc

BITCOIN – 7 TPS | 30-60 Mins.

ETHEREUM – 15 TPS | 2-6 Mins.

SOLANA – 65,000 TPS | 7 Sec.

TechPay Coin – 300,000 TPS | 1.2 Sec.

NFTs and smart contracts: The NFT market has grown tremendously in recent years. Massive sales by famous digital artists were the consequence of non-fungible tokens, which led to a boom in the sector. As the NFT industry grew, Solana jumped on the opportunity to give an alternative. NFT market Solanart is helping Solana gain market share on the network. Low fees and rapid transaction rates are only two of the advantages of this platform for NFT fans.

On the other hand, NFTs deployed upon TechPay’s network will offer Stability, Scalability, and Efficiency at a fraction of Transaction Fees.

The use-cases of TechPay’s powerful technology are endless. For example, the need for a performant blockchain that could handle the challenging demands of the NFT space would be met by TechPay’s revolutionary technology in due time. 

NFTs deployed upon TechPay’s network will offer stability, scalability, and efficiency at a fraction of transaction fees. TechPay also features dApps and smart contracts that won’t be congested and could scale, fabricating decentralized networks for the third generation of web, so-called Web 3.0.

The strong institutional attraction for SOL’s ecosystem: 

There is a strong institutional attraction for TechPay. It has been gaining great attraction to become the top investment in 2022. Moreover, in comparison to Avalanche and Terra, Solana’s market value has more than doubled. The year 2021 has shown solid proof of SOL’s expanding investment community, and with increasing, investor acceptance comes more institutional adoption.

The disadvantage of Solana :

Solana is not decentralized enough: 

Some crypto enthusiasts believe that this feature of the Solana is particularly considered its biggest con. The more the number of validators, the more secure the network.

TechPay has eliminated the risk of the Centralization of Blockchain as the frequency of transactions is increased extensively. Energy Utilization is heavily reduced as hashing energy is not required to enter the next block, making TechPay better than Solana.

Fewer projects: 

Despite SOL’s claim to have 350 projects on its network, which include decentralized finance, NFT projects, and gaming applications, TechPay has been bringing new technology-based advancements such as the usage of DAG and P bits and consensus algorithms and smart contracts to market. Increasingly more projects may pick TechPay over Solana as more investors become aware of TechPay’s rapid transfers and minimal costs.

Moreover, extensive scalability and lower transaction fees, and block Interval of a mere 1-Second make TechPay better than Solana.

Solana’s testing phases: 

Many of Solana’s ideas for the future are still in beta testing, but it has a long-term vision. It will be impossible to assess the potential viability of this currency until the corporation puts these ideas into effect.

While TechPay is trending on top with its effective innovations and timely plans.

Conclusion:

TechPay and Solana are impressive cryptocurrencies. With hundreds of cryptocurrencies on the market, the one that stands out the TechPay which is better than Solana and demonstrates steady growth and development. Investors, on the other hand, figure out how much money they can afford to lose and then try their luck with crypto investments. Based on this guide, we would recommend that :

Switch to Future, Switch to TechPay.