What Is Solana (SOL)?

Scalability is one of the biggest challenges in blockchain technology. As networks grow, they often face limitations in terms of transaction speed and confirmation times. Because Solana is built on a new architecture, it tackles these limitations without compromising security or decentralization. 

Founded in 2017 by Solana Labs' Anatoly Yakovenko, the Solana blockchain is now one of the most widely used blockchains in the world. Solana uses a number of innovations, such as PoH and parallelization, to efficiently process tens of thousands of transactions per second (TPS) in one global state machine. 

How Does Solana Work?

Solana is a third-generation Proof of Stake (PoS) blockchain that has implemented a number of unique innovations to facilitate high throughput, fast transactions, and low fees: 

Parallelization: The ability to process more than one transaction at any given time.

Proof of History (PoH): A method of verifying time without the need for a conventional timestamp.

Tower Byzantine Fault Tolerance (BFT): A PoH-optimized version of Practical BFT.

Turbine: A block propagation protocol that keeps the network in sync.

Gulf Stream: A mempool-less transaction forwarding protocol.

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