The Quickest Way To Bridge Solana (SOL) to Fantom (FTM)
3 min to read
Introduction: The cryptocurrency space is constantly evolving and two of the most recent blockchain entrants are Solana and Fantom. Both Solana and Fantom were designed to provide faster transaction speeds and increased scalability to the crypto ecosystem. In this article, we break down the different methods to bridge assets from the Solana (SOL) ecosystem to the Fantom Opera (FTM) ecosystem.
This option comes with a higher cost as you need to transfer assets between Solana and Ethereum, and then Ethereum and Fantom.
Considering there are two transactions to and from the Ethereum blockchain, you can expect a total transaction cost between $5-$20 dollars.
Solana is a Layer 1 blockchain that uses a Proof-of-Stake consensus mechanism powered by its native token, SOL.
Solana boasts incredibly fast transaction times of up to 400 milliseconds with block times processed in 15 seconds. This makes Solana one of the fastest and cheapest blockchains on the market today
Fantom is an asynchronous and byzantine fault-tolerant Layer 1 blockchain optimized for high performance and EVM compatibility. It uses a Proof-of-Stake consensus mechanism with its own combination of Byzantine Fault Tolerance and Ghost Protocols to improve efficiency.
Fantom's native token, FTM, is used to power the network and incentivize users to stake on the network. Fantom's fast transaction times of up to 1 second combined with low transaction fees has made it an attractive option for users.
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Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest crypto exchanges, wallets or DeFi applications.