Why Solana Blockchain
Amongst the many cryptocurrencies available, we have chosen to base our business on the Solana blockchain. Despite the most renowned blockchain being Ethereum, its extremely high Gas Fees* and energetic consumption make it sub-optimal for our objectives, both from an economic and environmental responsibility standpoint.
*Gas Fees are costs associated with the mining (creating) the cryptocurrency, and are directly correlated to the environmental impact of the mining process. Higher gas fees indicate not only that the mining of the cryptocurrency is extremely difficult, but that it also has a major impact on the environment.
To put it in context, Ethereum’s gas fees swing between $75 and $120, while Solana’s gas fees currently sit at an “all time high” of $0.0005]