I'm thrilled to update you all on Solana's recent groundbreaking achievement. Just a day after surpassing the 2000 transactions per second (TPS) mark, Solana has now shattered another record by breaking through the 3000 TPS threshold! This rapid progression in transaction handling capacity not only underscores Solana's commitment to scalability but also sets a new benchmark in the blockchain realm.

Implications of Solana’s Technological Leap:
Challenging Traditional Systems: By reaching a 3000 TPS milestone, Solana is now not just in a league with other major cryptocurrencies but is also posing a significant challenge to traditional payment systems, which typically handle fewer transactions per second. This makes Solana a formidable competitor against established financial networks.
Decentralization and Throughput: While Binance’s BNB Chain shows high TPS, its centralized nature remains a concern. Solana’s latest achievement demonstrates that high throughput does not have to compromise decentralization, paving the way for a new era of efficient and user-centric blockchain solutions.
-Market Speculations: With Ethereum still around a max of 62 TPS and Bitcoin about 11 TPS, Solana's technical advancements bring about speculations on its future valuation. After achieving such impressive milestones in quick succession, could we indeed see Solana's market price soar to new heights?

Discussion Points:
1. Technological Impacts: How might Solana's continued advancements in transaction speed influence the broader blockchain technology landscape?
2. Competitive Edge: With these developments, can Solana sustain its competitive edge over other major blockchains, particularly concerning transaction fees and network congestion?
3. Investment Perspective: For investors, does Solana's rapid improvement in TPS make it a more attractive investment, especially in comparison to other high-value cryptocurrencies?
4. Future Speculations: What are the potential long-term impacts of Solana’s technological capabilities on its market position and price valuation?

I look forward to hearing your thoughts on these developments. Could this be the tipping point for broader adoption of Solana in both the crypto market and traditional financial sectors?

I have utilized BTC since 2011 when I was 14 years old and have always been informed about the community here and then but honestly I have made a decision to not reply to you anymore your responses have no factual information to them, I see you stopped talking about BNB vs Solana as well and when it comes to Solana the community has a say and can provide ideas just as someone woke up with the idea to fork Bitcoin and decided to gain community support for a fork, stop the trollish discussions if that is your point and move on elsewhere.

Thank you for the reply @UnruffledST,

But yes below I will be touching more on the differences between Solana and BNB, prior to doing so I want to ask the community to start providing more factual replies please, no low quality posts. History is being made right in front of our eyes right now so let's have some actual intellectual conversations.

Binance’s Centralization:

Controlled Validation Process: Binance Chain and Binance Smart Chain are known for their high transaction speeds and low fees, primarily because they use a consensus model called Delegated Proof of Stake (DPoS). In this model, a limited number of validators (e.g., 21 validators on Binance Smart Chain) are elected by Binance Coin (BNB) holders to confirm transactions. This centralizes power significantly because only a small group controls the entire network, and these validators are often directly or indirectly influenced by Binance due to significant holdings and vested interests.

Control Over Governance: Binance has substantial control over the governance of its chains. Decisions regarding updates, forks, and changes in protocol are heavily influenced by Binance and a few large BNB holders. This concentration of power contrasts sharply with more decentralized networks where changes require broader consensus.

Centralized Decision Making: The development and operation of Binance’s blockchain infrastructure are handled by a central entity — Binance. This includes decisions on software updates, network changes, and the handling of security breaches, which are managed centrally rather than through community governance.

Solana’s Decentralization Efforts:

Proof of History (PoH) and Proof of Stake (PoS): Unlike Binance, Solana uses a unique hybrid consensus model combining Proof of History (PoH) with Proof of Stake (PoS). PoH helps to create a historical record that proves that an event has occurred at a specific moment in time. This is combined with PoS for network security and validator selection, allowing for greater participation and less centralization in validator roles.

Increasing Number of Validators: Solana encourages decentralization through its support for thousands of validators. This is in contrast to Binance’s limited validator set. The larger the number of validators, the more decentralized the network becomes, as it reduces the ability of any single entity or small group to control the network.

Community-Driven Governance: Solana’s governance involves the community to a greater extent compared to Binance. Decisions on network upgrades and changes involve discussions within the community, and SOL holders can participate in governance decisions, fostering a more democratic and decentralized environment.

Conclusion:

While Binance offers efficiency and speed, it does so at the cost of centralization. Solana, meanwhile, is working towards increasing its network's decentralization through technological innovations like Proof of History and a broad validator base, ensuring that control over the network is distributed among many participants rather than concentrated in a few hands.

These distinctions highlight fundamental differences in how blockchain networks can balance efficiency, speed, and decentralization, and they underscore the importance of understanding the underlying mechanisms that govern these platforms.

Honestly it's disgusting to compare BNB to Solana, please don't do it again saying they are both the same.

These congestions where expected to come and to be properly handled by the Solana team such as Ethereum did when it suffered congestion when it was an up and coming coin as well. Have you been in the crypto space longer then 10 years? Ethereum when it faced congestion was a whole Sh!t show and Solana has proven to handle this much much better then Ethereum did when it appeared to them. Everyone trying to fork Ethereum and all the blood bath internally. If you have been around long enough you would know this congestion isn't even worth of mentioning while we are maintaining focus on Solana's TPS, ETH suffered congestion while offering way less TPS???

That comment is not going to sit well with a lot of Blockchain advocates, did you really say blockchain/crypto has no use case outside of simple investment instruments? Lol you really think people on this forum will believe that.

would love to read on what the community has to say, does Blockchain/Crypto have use cases outside of simply being an investment instrument?

In the realm of global politics, technology often serves as both a battleground and a tool of influence. Today, I'd like to open a discussion on the geopolitical aspects of blockchain technology, particularly focusing on Solana and Ethereum, and how their origins and technological advancements may play into the larger US-Russia tech rivalry.

Founders’ Backgrounds and Geopolitical Significance:

Solana's US Ties: Anatoly Yakovenko, co-founder and CEO of Solana Labs, was born under Soviet rule in what is now Ukraine, moving to America at age 11. His leadership at Solana highlights a significant US stake in the blockchain space, potentially positioning Solana as a key player in the US's technology arsenal.

Ethereum's Russian Connection: Vitalik Buterin, born in Russia, is one of Ethereum's co-founders. Ethereum is often perceived as a technological asset that Russia might claim some informal stake in, due to Buterin's heritage.

Geopolitical Dynamics and Crypto:

US vs. Russia Technology Rivalry: With the rising tensions and technological competition between the US and Russia, blockchain technology becomes more than just a financial tool—it transforms into a symbol of technological prowess.

Impact of Solana's Growth: Should Solana's value spike, it could be seen as a win for US technology, contributing to its image of superiority in the high-tech sector as blockchain technology is increasingly viewed through the lens of national success and pride.

Economic Warfare and Blockchain:

Financial Support as Proxy Warfare: Without engaging in physical conflict, supporting technologies like Solana can be seen as backing the US in a form of 'economic warfare.' By promoting and investing in US-led blockchain innovations, allies indirectly participate in a broader strategic contest against rivals like Russia and the potential to bolster a nation’s technological standing.

Discussion Points:

How do you perceive the role of blockchain technology in global geopolitics?

Could the success of blockchain projects like Solana be considered a form of soft power exerted by the US?

We've witnessed some groundbreaking developments in the blockchain sphere recently, and I think it's worth a deep dive to discuss and speculate on the potential implications. Let’s break it down:

Solana’s Transaction Speed Achievement:
Solana has officially surpassed the 2000 transactions per second (TPS) mark, setting a new standard in blockchain scalability. This achievement isn't just a technical milestone; it positions Solana well ahead of other major cryptocurrencies and even challenges traditional payment systems like credit cards in terms of transaction speed.

Price Volatility and Recent Recovery:
After a significant drop from $170 to $126 over the past couple of days, Solana showed remarkable resilience by bouncing back to $140 this morning. This kind of volatility isn't new in the crypto world, but Solana's quick recovery could be indicative of strong market faith in its long-term value and technological promise.

Comparison with Ethereum and Bitcoin:
While Ethereum is currently priced around $3k with a max TPS of just 62, and Bitcoin processes about 11 TPS, Solana's advancements in throughput and decentralization make it a standout. With Ethereum and Bitcoin not showing comparable scalability, could we see Solana reaching or even surpassing a $3k price point in the near future?

Bitcoin Halving and Its Impact:
The upcoming Bitcoin halving is anticipated to have widespread effects on the crypto market. With Solana participating in its first Bitcoin halving cycle, how do we foresee this impacting its price and market position?

Speculation and Future Outlook:
With these developments, is Solana poised for a significant price spike? How should investors view Solana in the context of the upcoming Bitcoin halving and its recent achievements in transaction processing?

Let’s open the floor for discussion. What are your thoughts on Solana’s current achievements and its potential in the near future? How do you think the Bitcoin halving will affect its trajectory?

Solana has been maintaining a consistent TPS of 2k+ transactions, congestions since update has lowered and has maintained in swell positions since the update.

블록체인 세계에 큰 뉴스가 있습니다. 솔라나가 공식적으로 2000 TPS를 초과하여 확장성 경쟁에서 강력한 성명을 발표했습니다! 이로써 솔라나는 다른 주요 암호화폐들을 뛰어넘을 뿐만 아니라 거래 속도 측면에서 전통적인 결제 처리 시스템인 신용카드 회사들에 도전장을 던졌습니다.

더욱이 BNB는 높은 TPS를 보여주고 있지만, 그 중앙집중화는 우려의 대상입니다. 솔라나의 이러한 성과는 오랫동안 지지해온 높은 처리량과 탈중앙화를 결합한 것으로, 매우 중요합니다.

이더리움은 $3k에 거래되고 있지만 최대 62 TPS만을 관리하고 있으며, 비트코인은 약 11 TPS입니다. 우리는 솔라나가 곧 $3k 가격에 도달할 수 있을 것으로 추측할 수 있을까요? 여러분의 생각은 어떠신가요?

Groot nieuws in de wereld van blockchain: Solana heeft officieel de 2000 TPS overschreden, waarmee ze een krachtig statement maken in de race om schaalbaarheid! Hierdoor staat Solana niet alleen voor op andere grote crypto's maar daagt het ook traditionele betaalsystemen zoals creditcardmaatschappijen uit qua transactiesnelheid.

Wat meer is, hoewel BNB een hoge TPS laat zien, is de centralisatie ervan een zorgpunt. Solana's prestatie is aanzienlijk omdat het hoge doorvoersnelheid combineert met decentralisatie, iets waar we al lange tijd voor pleiten.

Met Ethereum geprijsd op $3k maar beheert slechts ongeveer 62 TPS max, en Bitcoin op ongeveer 11 TPS, kunnen we beginnen met speculeren? Zouden we Solana binnenkort op een prijspunt van $3k kunnen zien? Wat zijn jullie gedachten?

ブロックチェーン界にて大ニュースです。ソラナが公式に2000 TPSを超え、スケーラビリティを追求するレースにおいて大きな声明を発しました！これによりソラナは他の主要な暗号通貨をリードするだけでなく、トランザクションスピードの点で従来のクレジットカード会社に挑戦しています。

さらに、BNBは高いTPSを示していますが、その集中化が問題視されています。ソラナのこの功績は、長い間支持してきた高いスループットと分散化を組み合わせたものであり、非常に意義深いものです。

イーサリアムは$3kで取引されていますが、最大で62 TPSしか管理しておらず、ビットコインは約11 TPSです。ソラナの価格が$3kに達する可能性を予測できるでしょうか？皆さんの意見はどうですか？

ब्लॉकचेन दुनिया में बड़ी खबर क्योंकि सोलाना ने आधिकारिक तौर पर 2000 TPS का आंकड़ा पार कर लिया है, इस स्केलेबिलिटी दौड़ में एक बोल्ड स्टेटमेंट देते हुए! यह सोलाना को न केवल अन्य प्रमुख क्रिप्टोस से आगे रखता है बल्कि पारंपरिक भुगतान प्रोसेसरों जैसे क्रेडिट कार्ड कंपनियों की ट्रांजेक्शन स्पीड के मामले में भी चुनौती देता है।

और जबकि BNB उच्च TPS दिखाता है, इसकी केंद्रीकरण चिंता का विषय है। सोलाना की उपलब्धि महत्वपूर्ण है क्योंकि यह उच्च थ्रूपुट के साथ डिसेंट्रलाइजेशन को संयोजित करती है, जिसका हम लंबे समय से समर्थन कर रहे हैं।

एथेरियम $3k की कीमत पर है लेकिन केवल लगभग 62 TPS को संभाल रहा है, और बिटकॉइन लगभग 11 TPS पर है, क्या हम अटकलें लगा सकते हैं? क्या हम जल्द ही सोलाना को $3k के मूल्य बिंदु पर देख सकते हैं? आपके विचार क्या हैं?

חדשות גדולות בעולם הבלוקצ'יין - סולנה עברה רשמית את רף ה-2000 פעולות בשנייה (TPS), ועושה צעד נחרץ במרוץ ליכולת הרחבה! זה ממקם את סולנה לא רק מעל קריפטוגרפיות גדולות אחרות אלא גם מאתגר את מערכות עיבוד תשלומים מסורתיות כמו חברות כרטיסי אשראי מבחינת מהירות עסקה.

עוד יותר כש-BNB מראה TPS גבוה, אך נושא המרכוזיות שלו מעורר דאגה. הישגה של סולנה חשוב מכיוון שהיא משלבת תפוקה גבוהה עם דה-מרכוזיות, משהו שאנחנו תומכים בו זמן רב.

עם את'ריום במחיר של $3,000 אך עם רק כ-62 TPS מקסימלי, וביטקוין בסביבות 11 TPS, האם אנחנו יכולים להתחיל לשער? האם נראה את סולנה מגיעה לנקודת מחיר של $3,000 בקרוב? מה דעתכם?

Μεγάλα νέα στον κόσμο του blockchain καθώς η Solana έχει επίσημα ξεπεράσει το όριο των 2000 TPS, κάνοντας μια θαρραλέα δήλωση στη συνεχιζόμενη κούρσα για κλιμάκωση! Αυτό τοποθετεί την Solana όχι μόνο μπροστά από άλλα μεγάλα κρυπτονομίσματα, αλλά επίσης απειλεί τα παραδοσιακά συστήματα πληρωμών όπως οι εταιρείες πιστωτικών καρτών όσον αφορά την ταχύτητα συναλλαγών.

Επιπλέον, ενώ το BNB δείχνει υψηλό TPS, η κεντρική του διαχείριση αποτελεί ανησυχία. Το επίτευγμα της Solana είναι σημαντικό καθώς συνδυάζει υψηλή ροή συναλλαγών με αποκεντρωση, κάτι που υποστηρίζουμε εδώ και καιρό.

Με το Ethereum στα $3k αλλά μόνο περίπου 62 TPS μέγιστα, και το Bitcoin στα περίπου 11 TPS, μπορούμε να αρχίσουμε να υποθέτουμε; Θα μπορούσαμε να δούμε σύντομα την Solana να φτάνει στα $3k; Ποιες είναι οι σκέψεις σας;

Velike vijesti u svijetu blockchaina jer je Solana službeno prešla granicu od 2000 TPS, čime je jasno stavila do znanja svoju predanost u utrci za skalabilnošću! Ovo stavlja Solanu ne samo ispred drugih glavnih kriptovaluta već izaziva i tradicionalne procesore plaćanja poput kompanija koje izdaju kreditne kartice u smislu brzine transakcija.

Štoviše, dok BNB pokazuje visoku TPS, njegova centralizacija ostaje zabrinjavajuća. Doseg Solane je značajan jer kombinira visoku propusnost s decentralizacijom, nešto za što se zalažemo već dugo vremena.

S Ethereumom na cijeni od $3k ali s maksimalnih oko 62 TPS, i Bitcoinom na oko 11 TPS, možemo li početi nagađati? Možemo li uskoro vidjeti Solanu na cijeni od $3k? Što vi mislite?

在区块链世界中的重大新闻，Solana正式超过了2000 TPS标志，这在持续的可扩展性竞赛中是一个大胆的声明！这不仅使Solana领先于其他主要加密货币，还在交易速度方面挑战传统的支付处理器，如信用卡公司。

更重要的是，尽管BNB显示出高TPS，但其集中化是一个问题。Solana的成就很重要，因为它将高吞吐量与去中心化结合在一起，这是我们长期以来一直在倡导的。

以太坊价格为3000美元，但最大只能管理约62 TPS，比特币约为11 TPS，我们可以开始猜测吗？我们会很快看到Solana达到3000美元的价格点吗？你怎么看？

¡Grandes noticias en el mundo de blockchain ya que Solana ha superado oficialmente la marca de 2000 TPS, haciendo una declaración audaz en la carrera continua por la escalabilidad! Esto no solo coloca a Solana por delante de otras criptomonedas importantes sino que también desafía a los procesadores de pago tradicionales como las compañías de tarjetas de crédito en términos de velocidad de transacción.

Además, aunque BNB muestra un alto TPS, su centralización es una preocupación. El logro de Solana es significativo ya que combina un alto rendimiento con descentralización, algo que hemos estado abogando durante mucho tiempo.

Con Ethereum a $3k pero solo gestionando alrededor de 62 TPS máximo, y Bitcoin alrededor de 11 TPS, ¿podemos empezar a especular? ¿Veremos pronto a Solana alcanzar un precio de $3k? ¿Cuáles son tus pensamientos?

Kabar besar di dunia blockchain karena Solana telah resmi melampaui tanda 2000 TPS, membuat pernyataan berani dalam perlombaan skalabilitas yang sedang berlangsung! Ini menempatkan Solana tidak hanya di depan kripto besar lainnya tetapi juga menantang prosesor pembayaran tradisional seperti perusahaan kartu kredit dalam hal kecepatan transaksi.

Lebih lagi, sementara BNB menunjukkan TPS yang tinggi, sentralisasinya menjadi kekhawatiran. Prestasi Solana ini signifikan karena menggabungkan throughput tinggi dengan desentralisasi, sesuatu yang telah kita perjuangkan untuk waktu yang lama.

Dengan Ethereum berharga $3k tetapi hanya mengelola sekitar 62 TPS maksimum, dan Bitcoin sekitar 11 TPS, dapatkah kita mulai berspekulasi? Bisakah kita melihat Solana mencapai titik harga $3k segera? Apa pendapat Anda?

أخبار كبيرة في عالم البلوكتشين حيث تجاوزت سولانا رسميًا علامة 2000 معاملة في الثانية، مما يعلن بجرأة في سباق القابلية للتطوير! هذا لا يضع سولانا فقط في مقدمة العملات المشفرة الرئيسية الأخرى بل يتحدى أيضًا أنظمة الدفع التقليدية مثل شركات بطاقات الائتمان من حيث سرعة المعاملات.

علاوة على ذلك، بينما يظهر BNB معدل TPS مرتفع، فإن مركزيته تشكل مصدر قلق. إن إنجاز سولانا مهم لأنه يجمع بين الإنتاجية العالية واللامركزية، شيء كنا ندافع عنه لفترة طويلة.

مع سعر إيثريوم عند 3 آلاف دولار ولكنها تدير حوالي 62 TPS فقط كحد أقصى، وبيتكوين حوالي 11 TPS، هل يمكننا بدء التكهنات؟ هل يمكن أن نرى سولانا تصل إلى نقطة سعر 3 آلاف دولار قريبًا؟ ما رأيكم؟

Big news in the blockchain world as Solana has officially surpassed the 2000 TPS mark, making a bold statement in the ongoing race for scalability! This puts Solana not just ahead of other major cryptos but also challenges traditional payment processors like credit card companies in terms of transaction speed.

What’s more, while BNB shows high TPS, its centralization is a concern. Solana’s feat is significant as it combines high throughput with decentralization, something we've been advocating for a long time.

With Ethereum priced at $3k but managing only around 62 TPS max, and Bitcoin at about 11 TPS, can we start speculating? Could we see Solana hit a $3k price point soon? What are your thoughts?