$SOL

Solana is a decentralised blockchain platform created for scalability first and foremost. It is one of the fastest blockchains on the market, with a transaction speed of almost 65,000 per second. It accomplishes this through the unique Proof of History consensus mechanism, which allows nodes to synchronize time across the network.

Solana has been one of the fastest-growing projects in the DeFi space and is widely called an “Ethereum-killer”.

Pros of Solana

Solana is one of the fastest blockchains on the market, making it highly popular among investors.

The platform also has very low transaction fees, with an average of $0.00025.

Cons of Solana

Solana is not easily interoperable with Ethereum, thus restricting its smart contracts to those built for the network.

Solana has experienced several network outages that have made it unreliable for its users.