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Ethereum came into existence in 2014, following Bitcoin's launch in 2009. In contrast, Solana launched in 2020, aiming to address several critical challenges that Ethereum faced concerning speed and transaction fees. Many users reported negative experiences with Ethereum’s slow transaction times, which could take tens of minutes, and high costs that sometimes reached dozens of dollars. In comparison, centralized alternatives like payment apps offered faster and almost free transactions, drawing individuals away from utilizing Ethereum.