The CoinDesk 20 Index surged 3.5% as all assets traded higher, with Solana and Bitcoin Cash leading the gains.
The CoinDesk 20 Index has seen a significant gain of 3.5% since Thursday‘s close, with all 20 assets trading higher.
Solana (SOL) and Bitcoin Cash (BCH) were among the top performers, posting gains of 6.4% and 5.3%, respectively.
Solana is a fast, decentralized, and open-source blockchain platform that enables developers to build scalable applications.
It uses a proof-of-stake consensus algorithm called Proof of History (PoH) for faster transaction processing.
Solana's architecture allows for high throughput, low latency, and energy efficiency, making it suitable for large-scale deployments.
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Solana (SOL): +6.4%
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Bitcoin Cash (BCH): +5.3%
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that allows for fast and low-cost transactions.
It was created in August 2017 as a result of a hard fork from the original Bitcoin blockchain.
BCH has a larger block size limit than BTC, allowing for more transactions to be processed at once.
This makes it an attractive option for businesses and individuals who require faster transaction times.
The CoinDesk 20 Index is a broad-based index traded on multiple platforms in several regions globally, providing a comprehensive view of the market’s performance.
As of Thursday‘s close, the CoinDesk 20 Index was trading at 2375.69. This represents a significant increase from its previous value, highlighting the overall upward trend in the market.
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