Solana is a high-performance blockchain network that is designed for mass adoption. It is open-source and interoperable and can be used for a range of use cases, including finance, NFTs, payments, and gaming.
Solana was launched in 2020 by Solana Labs, a company founded by Anatoly Yakovenko and Raj Gokal in 2018. Solana’s native cryptocurrency is SOL. Solana operates as a single global state machine, which means that all nodes in the network have the same view of the state of the blockchain. This makes Solana highly resistant to fraud and censorship.
Solana uses a proof-of-history consensus mechanism to achieve high throughput and low latency. Proof-of-history uses a combination of cryptography and timekeeping to create a tamper-proof record of events on the blockchain. This allows Solana to process up to 50,000 transactions per second with negligible fees.
Solana is a rapidly growing blockchain network with a large and active community. It is one of the most promising blockchain platforms for mass adoption and is already being used by a number of major projects.