Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, believes one altcoin project could possibly exceed Ethereum (ETH) and end up being a dominant force in the crypto area throughout the world.
Bankman-Fried says in a brand-new interview with Kitco News that he analyzes what it would take to have 1 billion individuals utilize cryptocurrency and blockchain facilities. He says if individuals wind up utilizing blockchain facilities at the very same level they utilize social networks or finance today, it will most likely develop millions of deals per second.
“One thing that I’ve thought about a lot is what are the blockchains that could scale to that level? That could scale to millions of transactions per second in a composable, native way. I’ve been on the record a lot saying that I think Solana has a real shot at doing so, which I think is really exciting.”
Solana (SOL) is a blockchain concentrated on being scalable while staying protected and decentralized. The smart contract platform’s native token, SOL, is trading at $195.60 sometimes of writing and is down more than 5.31% on the day.
When asked if he believed Solana could surpass Ethereum’s market cap, Bankman-Fried leaves it up in the air, stating, “It could happen. It could never happen.” However, the FTX CEO likewise keeps in mind that Solana’s facilities is poised to supply monetary services to billions of users around the world.
“[Solana] has the potential to host DeFi (decentralized finance) applications for hundreds of millions to billions of people on top of it with a giant composable ecosystem. Again, that’s not saying it necessarily will happen, but it could happen, and I think that’s really exciting.”
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