This guide will focus on answering the burning question in the blockchain space-TechPay Coin vs Solana. Which one is a better investment opportunity in 2022? Which will sustain in the future?
Over the past few months, a new token TechPay Coin (TPC) which is the native token of the blockchain platform – TechPay Chain, has raised the storms in the cryptocurrency space. It is touted that it might be a “Solana Killer”. TechPay Chain is the fastest blockchain platform till now (300,000 transactions per second) which charges zero Gas Fee for transactions.
This means developers and other users of the TechPay Chain, have to pay negligible Gas Fee to run transactions or send cryptocurrencies on the TechPay Chain. Add to it, the transactions are processed really fast which is comparable to financial transactions in the CeFi space like that of MasterCard and VISA. But will TechPay Coin be able to challenge Solana’s kingdom? This guide will focus on TechPay Coin vs Solana-highlighting their features, reach, market capitalization, Dapps developed and planned to be developed on them and more.
Finally I will try and give my opinion on the two blockchain platforms.
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Blockchain experts in the technical and non-technical streams like blockchain developers, Smart Contract developers, Sales personnel, Legal personnel, etc. are in high demand and this demand is going to surge further in the coming years. Even people are becoming millionaires by investing in the cryptocurrencies and related stuffs in the blockchain.
If you want to understand the basics of the blockchain technology, please click on this article which will make you understand the blockchain technology from the scratch.
Learn about Decentralized Applications (Dapps) here.
Learn about Smart Contracts here.
And learn about Decentralized Autonomous Organization (DAO) here.
Great. Let us now get straight to our prime focus of this article “TechPay Coin vs Solana”.
Table of Contents
TechPay Coin vs Solana
Scalability and Fee
Of course, as we already mentioned, TechPay Chain is the faster than Solana. It is in fact the fastest blockchain platform until now.
Furthermore, TechPay Chain charges negligible Gas Fee for any transactions on the platform. This will make it a platform of choice for Dapp and Smart Contract developers.
A quick comparison of the speed of transactions and Gas Fee charged for transactions on some of the popular Blockchain platforms is given below.
|Blockchain Platform||Transactions processed|
per second (TPS)
|Gas Fee||Consensus Mechanism|
|TechPay Chain||300,000||1.2 seconds||fixed and negligible||Proof of Stake|
|Solana||65,000||13 seconds||average $0.00025|
|Proof of Stake|
|Ethereum||14-20||2-6 minutes||can go up to $14 per|
|Proof of Work|
|Bitgert||100,000||2 seconds||negligible||Proof of Stake|
|Cardano||250||Proof of Stake|
|Polygon||up to 65,000||around $ 0.0005|
|Proof of Stake|
|Bitcoin||7||Proof of Work|
Hence, we see that TechPay Chain has an edge over Solana (and also other blockchain platforms), when it comes to scalability and transaction fee.
Smart Contracts and Dapps
As already seen, TechPay Chain offers lightning fast speed and near zero fees for all transactions. Smart Contracts and Dapps can be deployed on TechPay Chain in few seconds with minimal fee. This is faster and cheaper than that incurred for Smart Contract’s deployment in Solana blockchain. Generally, on average it takes 1-2 SOL (SOL current price) to deploy your Smart Contract on Solana.
NFTs and Metaverse
Again, the cost/fees of buying, selling, creating and trading NFTs on blockchain platforms like Ethereum and Solana are high. Contrary to this, the fees incurred in buying, selling, creating and trading NFTs on TechPay Chain is negligible. Furthermore, TechPay Chain is EVM compatible. This means, the NFTs and Smart Contracts which can run on Ethereum, can also be deployed on the TechPay Chain. All these, makes TechPay Chain a favorite choice among the Smart Contracts’ and NFTs’ developers and traders.
Ease of trading
Until now, TechPay Coin (TPC) can only be bought in the LBANK Exchange, with the trading pair USDT. This means you can buy TPC by exchanging USDT for TPC in the LBANK Exchange.
However, SOL (native token of Solana blockchain) can be traded at multiple Centralized and Decentralized exchanges including Binance, FTX, Coinbase, KuCoin, Kraken, Gate.io and more. There are several options for trading pair including USD, USDT, BTC, EUR, BNB, ETH and more.
Hence, in terms of the ease of trading SOL token of the Solana is much easier to buy and sell than the TechPay coin.
In order to gain a mass adoption and achieve optimal market capitalization, TPC will have to expand its network by tying up with multiple Centralized and Decentralized exchanges.
The Ecosystem of Dapps, NFTs and Metaverses
See, Solana was launched way back in March 2020 while TechPay Chain has launched on 11th March 2022.
So, TechPay Chain is a much newer blockchain platform which has much catching to do in terms of the number of Decentralized Applications(Dapps) deployed on it compared to Solana.
Solana already has over 350 Decentralized Applications which include DEXs, DeFi, GameFi, Wallets, NFTs and more. It has earned the trust of developers over time for Smart Contracts and Dapps deployment. This has increased the utility of Solana. The price of the SOL token which started at $0.04 at the initial seed sale is now hovering at around $99 at the time of writing this article. It even had raised at an ATH of around $204.
Though Solana has faced two outages when the it was not able to cope up with the load on the system. Besides this Solana has managed to win the trust of developers and institutional investors.
TechPay Chain which has just started is yet to pass all these tests yet and win the developers’ and investors’ trust. In a nutshell, whereas Solana has risen to the ranks and is even giving competition to Ethereum, TechPay Chain still has to walk the talk.
Again, Solana being the pioneer, has already gained the traction and market capitalization. It is among the top 10 cryptocurrencies in the world in terms of market capitalization and the volume of trade happening per day.
At the time of writing this article, while the market capitalization of Solana is around $$30,216,168,380. The trading volume for Solana is $1,194,935,538 while that of TechPay Coin is $436,212.
TechPay Coin vs Solana-Conclusion
By now we tried to perform a comprehensive end to end comparison of TechPay Chain and Solana.
Please do comment if you want to know some specific details.
We saw that TechPay Chain is surely superior to Solana in terms of its features and capabilities. Techpay Chain tries and solves the blockchain trilemma of decentralization, security and scalability. It is the fastest blockchain platform till now which has recorded a transaction speed of 300,000 transactions per second. Furthermore the transaction fee in TechPay Chain is negligible.
But, Solana is not much inferior in terms of speed to TechPay Chain. It also offers a staggering speed of over 65000 TPS (VISA has a speed of around 40,000 TPS)
When it comes to market traction, trust and the ecosystem of Dapps and partners, Solana is a clear winner. Of course, this is due to Solana being a pioneer. It has gained on popularity and trust over time among developers and investors. It is among the top ten cryptocurrencies in the world in terms of market cap and trading volume.
TechPay Chain on the other hand, which has just launched in March 2022, will have to build the trust and popularity being enjoyed by Solana. Its mettle will be tested with time.
Although I am bullish for TechPay Chain to be among the top blockchain platforms in the coming time.
Till then stay tuned.
I am not a financial advisor . Do your own research before investing in any cryptocurrencies. I am not responsible for any of your losses.Disclaimer
If you are a serious investor in cryptocurrency space and and want to HODL them for long, use a hardware wallet like Ledger or Trezor. These wallets store your cryptocurrencies (keys to cryptocurrencies) in an offline environment which is therefore cannot be the victim of an online hack or malware practice.Word of Advice