An analyst has expressed optimism about the blockchain development of Solana, a competitor to Ethereum. The analyst praised the impressive upgrades being made to the Solana ecosystem, including the development of Jump Crypto's open-source validator client Firedancer, which aims to significantly enhance Solana scalability and reduce latency times to milliseconds.
The analyst believes that these upgrades set Solana apart from other blockchain projects and will lead to more development and use cases. Despite trading at $18.73 at the time of writing, down 8% in the last 24 hours, the analyst sees potential for Solana to onboard a billion people and have a breadth of use cases with zero latency and a ton of throughput.
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