- Crypto analyst MartyParty emphasizes the importance of understanding blockchain technology.
- MartyParty dismisses wishful thinking around Ethereum Virtual Machines (EVMs) and their potential for parallel transaction processing.
- EVMs like ADA, XRP, AVAX, BNB, and INJ didn’t achieve parallel transaction processing, according to the analyst.
Crypto analyst Martin Folb, known as MartyParty, takes a deep dive into transaction processing, emphasizing the significance of understanding the underlying technology rather than succumbing to speculative fervor.
In a recent tweet, MartyParty dismissed wishful thinking surrounding Ethereum Virtual Machines (EVMs) and their potential for parallel transaction processing. The focus, he asserts, should be on the technological prowess of the asset class. He also urged enthusiasts to look beyond the hype and delve into the core of blockchain functionality.
The analyst singles out prominent EVMs and EVM clones, including ADA, XRP, AVAX, BNB, and INJ, suggesting that none of them can achieve parallel transaction processing despite market expectations.
Turning attention to Solana, MartyParty highlights its approach to transaction throughput. Foundational to Solana’s design is the ability to process transactions in parallel, a feature contributing significantly to the network’s efficiency, according to the analyst.
Unlike EVM-based chains, the analyst claimed that Solana can execute transactions impacting separate accounts simultaneously, facilitating seamless payment and settlement scenarios. The distinction lies in Solana‘s multi-threaded model, according to the analyst, which is a departure from the single-threaded model adopted by chains like Ethereum.
MartyParty mentioned that while traditional blockchains process transactions sequentially, Solana’s architecture allows for the concurrent processing of multiple transactions.
MartyParty underscores the real-world implications of such advancements, citing Solana as the go-to choice for processing $10 billion in near real-time transactions per day, especially in retail point-of-sale environments.
Additionally, he posits that Solana stands as the preferred Distributed Ledger Technology (DLT) for handling $25 billion in near-real-time daily tokenized equity trades.
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