Solana (SOL) is one of the fastest growing blockchain projects in recent years. This platform solves the scalability and speed problems faced by popular networks like Ethereum. Let's look at what Solana is - its history of creation, unique features, advantages over competitors.
1. What is Solana
Solana is a high-performance, open-source blockchain protocol capable of processing tens of thousands of transactions per second. Its main goal is to scale while maintaining decentralization.
At the heart of Solana is the unique Proof of History (PoH) consensus method. It allows you to arrange events in the blockchain in chronological order and increase processing speed. This is achieved by using special timestamps for each block of transactions. 2. How is SOL different from other platforms?
The Solana network stands out significantly from well-known blockchain platforms due to its unique combination of technological solutions. This allows it to overcome the scalability problem faced by Ethereum (ETH), Polkadot, Cardano and other networks.
Proof of History
Thanks to innovative solutions, the Solana network is capable of processing up to 50 thousand transactions per second with an average confirmation time of 400 milliseconds. For comparison, in Bitcoin this figure is 5-7 transactions per second, in Ethereum - 15.
Solana also has very low transaction fees and is highly scalable. This allows the network to be used to create decentralized applications (dApps) with millions of active users.
Already, the Solana ecosystem includes hundreds of projects in the fields of DeFi, NFT, Web3 and others. And thanks to the simple programming language Rust, more and more developers and applications are appearing.
Today, the cryptocurrency ranks 4th in popularity and capitalization on the market. The token rate is $148, capitalization is 75.8 billion. dollars, and the daily trading volume is 65.77 billion $$$.
3. Why SOLANA is the cryptocurrency of the future?
Ecosystem tokens have long exploded the network with their popularity and made hundreds of thousands of people millionaires. BONK, JUP, ANALOS and these are just the most sensational ones. The Napoleonic plans of the ecosystem include ahead of XRP in integration into the international blockchain system and the destruction of Ethereum as the main competitor.
4. Prospects for SOL:
In the last cycle, Solana went from 8 to 269 dollars. In the current cycle, we will see it rise from $18 and expect to reach $300 soon, and at the peak ~$600, taking into account the accompanying positive news and prospects for the development of the entire ecosystem.
Today, new ecosystem diamonds are actively developing: trump, uranus and our new star - solama (+5000% per week).
Buy it, keep it!! Fasten seat belts!! ๐๐๐03/14/2024 - listing of solama on the MEX exchange. I wish everyone a bull market!! ๐๐๐๐๐
