Solana just became 3,000 times faster than Bitcoin at producing blocks, yet its coin lost nearly 8% of its value the same week. The relationship between blockchain speed and price turns out to be far more complicated than it looks.
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Solana (CRYPTO:SOL) has recently improved its performance by creating a new block every 200 milliseconds, compared to Bitcoin (CRYPTO:BTC), which produces a block approximately every 10 minutes. On paper, this means Solana’s block speed is about 3,000 times faster than Bitcoin’s. Bitcoin users generally wait for six confirmations, making the total wait time…
