Solana (SOL) is an open-source blockchain platform designed to host decentralized applications and smart contracts, standing out for its high scalability and speed in processing transactions. It was founded in 2017 by Anatoly Yakovenko and officially launched in March 2020.
Main features:
High scalability: Solana can process approximately 60,000 transactions per second, significantly surpassing many other blockchains.
Low fees: Transactions on the network have a minimal cost, approximately $0.000001 per operation, facilitating its use in daily applications.
Proof of History: Implements an innovative consensus mechanism that records events in a verifiable chronological sequence, improving the efficiency and speed of the network.
Utilities:
Development of decentralized applications (dApps): Provides a robust platform for creating applications in various sectors, including decentralized finance (DeFi) and non-fungible tokens (NFTs).
Smart contracts: Allows the execution of contracts that automatically activate when predefined conditions are met.
Fast and low-cost transactions: Facilitates efficient value transfers, with quick confirmation times and reduced costs.
Whitepaper:
The original technical document of Solana is available on its official website.
Annual price evolution of Solana (SOL):
This is a list with the approximate price of SOL at the end of each year since its launch:
2020: $1.50
2021: $170.31
2022: $9.98
2023: $23.45
2024: $233.39 (as of November 17)
* In principle, it can be an interesting asset for long-term valuation *
