#BitwiseBitcoinETF Solana is an open-source project that leverages the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions.

Although the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. The Solana protocol is designed to facilitate the creation of decentralized applications (DApps) and aims to improve scalability by implementing Proof of History (POH) consensus in conjunction with the underlying Proof of Stake (POS) consensus of the blockchain.

With this innovative hybrid consensus model, Solana is attracting interest from both retail and institutional traders, focusing significant attention on the accessibility of decentralized finance.