For one, the network recently experienced several periods of congestion and even total outages, which have worsened as Solana's popularity grows. Solana's proof of history works fine, but other issues spoil the innovation. Solana claims proof of history makes it more efficient and decentralized than either proof of work or proof of stake competitors. Rather than relying on an outside source for time data, Solana's proof of stake blockchain uses a built-in variable delay function to timestamp each SOL transaction. What makes the Solana network so speedy is its proof of history protocol. Solana is arguably the most powerful proof of stake blockchain out there. As a bonus, the Merge reduced ETH inflation by almost 95%, meaning a constrained supply is more likely to increase its nominal value if demand and market cap doesn't change.
That's a pretty high yield compared to savings accounts and Neobanks.
Most ETH stakers earn between 4% and 5% APY through staking pools, third-party service, or delegating to another validator. A validator node makes over 5% APY, but it can be technically challenging to deploy and isn't the easiest way to earn passive income. Though the Merge happened in mid-September 2022, ETH staking has been available to investors for nearly two years, but the reward rate shrinks as more of the total ETH supply is staked. Fortunately, this major overhaul to the blockchain went without a hitch and secured ETH's position as the top staking coin for the time being. Ethereum recently underwent the Merge, or a transition from the old proof of work model to the new proof of stake. Let's start off with the newest member of the proof of stake family.
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