FTX CEO Backs Solana as Payment Network, Dismisses BTC Due to Its PoW Mining Model

Sam Bankman-Fried, the CEO of FTX crypto exchange has said that Solana appears to be a better option than BTC to be taken up as a payment alternative. He believes that Proof-of-Stake (PoS) mining that allows millions of transactions each second, at cheaper costs.BTC’s Proof-of-Work mining model however, makes it an expensive choice, also detrimental to the environ...