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Nov 17 β€’ 10 tweets β€’ 3 min read
(1/10) Both #Solana and #Polygon are more efficient and cost-effective alternatives to #Ethereum. Comparing its features will help you decide which one suits you best! 🧡
Learn More πŸ‘‡
medium.com/zignaly/llts07… Image
(2/10) ⚑Which one is the ideal choice β€” Solana or Polygon? ⚑
Both these #Protocols are more efficient and cost-effective in comparison to Ethereum. But, to help you evaluate that, here’s a comparison of these two blockchains! πŸ’²πŸ’Έ
(3/10) Solana is an efficient blockchain that offers a range of tools that enhances ease of use. Though #Solana uses Rust, C, and C++ for developing smart contracts; developers can interact with it through an SDK. πŸ‘©πŸ½β€πŸ’» πŸ”£
(4/10) In comparison, Polygon is an Ethereum Virtual Machine (EVM), and that’s why it is compatible with other EVM networks. Also, this makes transitioning from Ethereum to newer networks seamless, and Polygon can support all present and future Ethereum architectures. ⚑πŸ”₯
(5/10) Solana (SOL) is a combination of Proof of Stake & Proof of History mechanisms that are used in the system, which increases the speed and flexibility of transactions. 🏎️🎯
(6/10) On the other hand, Polygon also uses the Proof-of-Stake mechanism. This mechanism selects validators by checking their holdings of MATIC tokens. In this way, it limits the computational cost of PoW and enhances security. πŸ”
(7/10) Solana is a layer one blockchain that has stateless architecture. This architecture is supported by a wide range of tools and services available in Solana’s ecosystem. πŸ›οΈπŸ› οΈ
(8/10) Polygon is a layer two sidechain. To operate, it is dependent on Ethereum clusters and uses multichain technology. As it supports multichain networks, it is a scalable architecture. πŸ”—πŸ›οΈ
(9/10) Solana blockchain claims to resolve the blockchain trilemma of decentralization, scalability, and security. In comparison, Polygon with the PoS consensus mechanism has better throughput. πŸ›‘οΈβœ…πŸ”’
(10/10) If you want to launch a new DApp at cheaper rates than Ethereum, you can opt for Solana, but if you wish to remain on the Ethereum network but need better efficiency. Then you can go with the Polygon sidechain. βœ…πŸ’―πŸ”₯

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More from @zignaly

Zignaly Profile picture
Nov 18
(1/6) We announced our Private Beta Launch of #ProfitSharing 2.0 in AMA yesterday! πŸ“…

Hello #everyone; this is the seventh update on this final stage of the evolution of #PS2.0. Last week we announced Closed Beta & have continued moving in the same direction this week. πŸ“’ Image
(2/6) We gave ambassadors and veteran users access, and we have started selecting users from the waiting list. It is amazing how many users have signed up for the waiting list. 🀯

From #Zignaly, we want to thank all of them for their confidence and interest in using PS 2.0! πŸ’ͺ
(3/6) During this week, we have been able to define the internal processes to start the migration of services from PS 1 to PS2.0.

We are already doing internal tests. ✨ Soon, we will contact the first traders to coordinate migrating their services to #ProfitSharing 2.0. ⌚
Read 6 tweets
Zignaly Profile picture
Nov 17
(1/8) The wait is over!! We announce an update on #Zignaly’s Flagship #ProfitSharing Services.

Disrupting the social investing space, our Private Beta version of PS2.0 services goes live today!

Follow this thread to get further insight! 🧡🀩
(2/8) We call #PS2.0 our biggest transformation to date.

Our focus is on providing a seamless user experience, freedom of choice (backed by the addition of new #traders, agile balance management, and hard disconnection), and #transparency. πŸ’ͺπŸ’Έ
(3/8) All shortlisted community members who applied for using P2.0 services will be the first ones to use our new platform! πŸ₯‡πŸ
Read 8 tweets
Zignaly Profile picture
Nov 16
(1/9) Congratulations on unlocking the treasure of Ethereum's secret uses! πŸ’₯
#Ethereum, the 2nd most popular #cryptocurrency, has skyrocketed in the market with substantial gains over the years.
Learn more at πŸ‘‡ 🧡
medium.com/zignaly/ethere…
(2/9) The Ethereum Blockchain allows users to run decentralized applications and perform efficient transactions with its project token - ETHER πŸ”₯
(3/9) What makes Ethereum different? It allows users not just to run simple applications but also real-world applications! 🌐
Read 9 tweets
Zignaly Profile picture
Nov 15
(1/8) #Altcoins🟑 are any blockchain-based digital project tokens apart from #Bitcoin β‚Ώ. This thread focuses on types of altcoins and their functionality. 🦾🧡
Learn more at πŸ‘‡
medium.com/zignaly/llts05… Image
(2/8) All Altcoins use the #blockchain as an unchangeable, #decentralized public database that only accepts and records a payment if there is widespread agreement that it is authentic. πŸ“Šβœ…
(3/8) Numerous #altcoins have built off Bitcoin’s original concept but with differing ends in mind or by fixing some perceived shortcomings of the original. πŸ–¨
Read 8 tweets
Zignaly Profile picture
Nov 14
(1/12) ⚑️#Bitcoin πŸͺ™ represents a possible alternative to the current centralized fiat money system.

⚑️What are the uses of Bitcoin? πŸ€”
🧡
Learn More πŸ‘‡
medium.com/zignaly/llts04… Image
(2/12) Neither the #Bitcoin network nor the cryptocurrencies are yet fully-regulated, and are widely utilized for everyday purchases. 😲
(3/12) Bitcoin’s worth may be compared to rare metals, at least in theory. πŸ’ŽπŸ§ˆ Both are scarce and find only limited application. The #BlockchainTechnology that Bitcoin is based on has a variety of potential applications in the banking and finance sectors. 🦾
Read 12 tweets
Zignaly Profile picture
Nov 11
Hello #everyone! This is the 6th update on the final stage of the evolution of #Zignaly’s #ProfitSharing 2.0. This week we have an important #announcement to make! But first, I would like to share something about the new Profit Sharing interface we are working on. (1/10) Image
The initial version of #PS2.0 that we will release is finished from the back end, but the UI still has basic functions, while the full version comes later. That way, we can launch the most needed functionalities without delaying the whole deployment. (2/10)
Profit Sharing 2.0 is a massive update and includes most of the requests from our Zignaly community in the last 2 years, so we still have a lot to add - and, we will keep doing that! (3/10)
Read 10 tweets

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