Solana vs Ethereum: Differences

Ethereum is a decentralized platform powered by blockchain technology. It works on a peer-to-peer network that executes and verifies Smart Contracts. ETH or Ether is the native currency of the Ethereum platform.

Transactional data stored on Ethereum is immutable as it is distributed across a network. Each transaction leads to an update of all the distributed databases after it passes a high-level verification process. Any tampering with the data will result in a mismatch with other databases leading to rejection of the tempered database. Further, the data storage is highly transparent as peers can look into each transaction.

This high security of the transactional data offered by Ethereum accrues value to Ether. This is because conducting transactions on Ethereum requires spending of ETH.