Cryptocurrency
Out of context: Reply #322
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After surging nearly 12,000% in the past year, Solana and Polygon – dubbed ‘Ethereum killers’ as they are faster and cheaper than the world’s second-largest cryptocurrency – have stolen headlines this year.
And the party is just getting started with the fast-growing networks and a slew of rivals poised to see even bigger gains as they innovate to draw a growing base of investors enamored with digital currencies.
“Ethereum needs to do something quickly as others with faster and more novel consensus [transaction confirmation] mechanisms are gathering lots of funding from VCs,” says Rosh Singh, founder of crypto trading start-up Quadency. He notes, however, that Ethereum’s 2.0. upgrade, if executed on time by early 2022, should boost its competitiveness.