What is Solana (SOL)?
Solana is a highly functional open-source project that relies on the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation based in Geneva, Switzerland.
The Solana protocol is designed to facilitate the creation of decentralized applications (DApps). It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Due to the innovative hybrid consensus model, Solana enjoys interest from both small and institutional traders. A major focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
Who are the founders of Solana?
Anatoly Yakovenko is the most important person behind Solana. His career began at Qualcomm, where he quickly rose through the ranks and became a senior manager of staff engineers in 2015. Later, his career path changed and Yakovenko entered a new position as a software engineer at Dropbox.
If you want to support my content I leave you my BINANCE ID 459993144
