Hedera and Solana have been at the forefront of blockchain networks, boasting high-speed transactions, scalability, and enterprise adoption. Although institutional interest has been on the rise and the ecosystems have been expanded, both projects remain healthy in the current market conditions.

However, with the trend of Layer-2 solutions on the rise, PlutoChain may be one of those upcoming projects that will be followed for some time in the future.

With its potential to improve Bitcoin's scalability and smart contract functionality, some are asking if PlutoChain could steal users away from the existing Layer-1 blockchains.

What's Next for Hedera & Solana?

Hedera is gaining enterprise adoption with its Hashgraph technology that offers an alternative to traditional blockchain consensus mechanisms.

It is backed by companies like Google and IBM, which gives it credibility in the corporate sector. Meanwhile, Solana remains a dominant Layer-1 network and still attracts developers with low fees and lightning-fast transactions.

However, both projects face challenges, such as competition from newer blockchain solutions and potential scalability concerns.

As the market evolves with new technology entering the market, users and developers would be on the lookout to watch how Hedera and Solana adapt to new demands.

How PlutoChain is Scaling Bitcoin's Scalability and Cross-Chain Functionality

Bitcoin has always had the problem of scalability. However, PlutoChain is a Layer-2 solution that is being introduced with the potential to speed up transactions and make them more efficient.

With 2-second block times and the ability to process 43,200 transactions per day-proven during its testnet phase-PlutoChain could bring settlement times into a whole different league compared to Bitcoin's traditional 10-minute blocks.

The influx and congestion may be relieved upon the implementation of Bitcoin into practical daily usage. Another one of PlutoChain major selling points is that it is EVM compatible-so developers can deploy straight from Ethereum-based smart contracts onto Bitcoin.

This should unlock further possibilities in DeFi, NFT marketplaces, and other applications on the Bitcoin blockchain. Rather than having to write in the Bitcoin scripting language, PlutoChain lets developers create and interact with applications that only existed before on Ethereum and other smart contract-enabled blockchains.

PlutoChain also has decentralized governance, whereby users can even propose upgrades and vote on upgrades so that it can be one method to make sure that everyone in the community is heard and have a say about how the network would grow and evolve so as to decrease dependence on centralization.

Security is another key focus area, and PlutoChain has been audited by firms like SolidProof, QuillAudits, and Assure DeFi. Audits will further strengthen the trust in PlutoChain's infrastructure and may make it a secure and scalable solution for enhancing Bitcoin's functionality and cross-chain interoperability.

Conclusion

Hedera and Solana are moving forward with innovation with growing ecosystems and increasing institutional adoption. However, scalability and network efficiency are critical factors in the evolution of blockchain.

Here comes PlutoChain, which could enter the conversation to offer a Layer-2 solution to potentially enhance Bitcoin's speed efficiency and interoperability.

PlutoChain can position itself as a bridge between major blockchain networks by supporting Ethereum-based smart contracts and decentralized governance.

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This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your research before buying any cryptocurrency and meme coins. All forward-looking statements include uncertainties and may not be revisited.