As two well-known public blockchains, SOL and ETH play important roles in the fields of decentralized applications and cryptocurrencies.

SOL is an open geocoding system, similar to latitude and longitude coordinates, used to precisely identify locations on Earth. It uses a coding method similar to QR codes to encode location information into a set of numbers, making it easy to find accurate locations on maps.

ETH is an open-source public blockchain platform with smart contract functionality. It provides a decentralized virtual machine for processing peer-to-peer contracts through its dedicated cryptocurrency, Ether. The concept of Ethereum was first proposed in 2013, aiming to become the next generation cryptocurrency and decentralized application platform.

Although Ethereum is widely recognized as the pioneer of smart contracts and decentralized applications, SOL has gradually risen as a scalable alternative with the reputation of high-speed blocks. Especially in this round of bull market, SOL's multiple applications in the supply have been vigorously developed, and there has even been a phenomenon of launching ten thousand new projects in supply within a day.

So now the cryptocurrency community has started calling SOL the "Ethereum killer". Those in the community surely know what this means and represents. Can SOL really replace Ethereum as the new king of supply?

Now let's analyze this. Before that, let's first understand the differences in functionality between SOL and ETH. SOL and ETH are the platform frameworks of two different blockchains. SOL is a high-performance blockchain platform designed to provide fast, scalable, and secure blockchain solutions. ETH, on the other hand, is a smart contract platform designed to support the development and execution of decentralized applications, with performance and scalability.

All designed for high throughput and low latency blockchain platforms, its consensus mechanism and consensus algorithm can process tens of thousands of transactions per second. In terms of ecosystem and applications, Ethereum is the largest smart contract platform with a rich ecosystem and various deep projects.

SOL is not as mature as Ethereum in terms of ecosystem construction. Overall, SOL has advantages in performance and scalability, suitable for applications requiring high throughput and low latency. Ethereum is more suitable for developing and executing smart contracts, with a more mature ecosystem and a wider range of applications.

We know that if a blockchain's main goal is to achieve low fees, then the price of its tokens cannot come solely from transaction fees. In contrast, Ethereum's price growth comes from the portion that users need to pay and destroy in each transaction, making it costly for users but quite beneficial for holders.

On the other hand, to ensure the security of the blockchain, some form of value proposition is needed. So how does SOL solve this problem? By charging state rent to decentralized application teams and voting fees to validators, meaning validators must pay to vote with the blockchain, this is the change made in practical applications as a public blockchain.

This time, the cryptocurrency academician has made it clear that both have their own advantages, but compared to ETH, SOL still has a long way to go. After all, the maturity and reputation of Ethereum are not something that SOL can compare to at the moment. However, to maintain its popularity, SOL can only continue to compare itself with ETH and ride on its popularity. But as a newly rising currency, SOL is a good choice, at least surpassing 99% of the new currencies on the market, because SOL's advantages are obvious: high throughput, low transaction fees, fast confirmation time, scalability, with the downside being its youth.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. The cryptocurrency academician wishes you a pleasant investment!

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