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What is Solana Project Solana?
In fact, the Solana project is embracing a role as a decentralized protocol dedicated to building decentralized applications (dApps). This project also features a transfer rate of up to 65,000 transactions per second (TPS). Thanks to an innovative distributed computing system.
It is also in comparison to most protocols that rely on Proof of Stake (PoS) or Proof of Work (PoW) mechanisms. Solana Solana is based on the Proof of History (PoH) mechanism as a new means of encryption. This allows for enhanced scalability without compromising network security.
In fact, the Solana project is among the few solutions in the Tier 1 category that can support thousands of transactions per second. Without the need to implement secondary or off-chain layers. Which distinguishes it as an advanced option in the field of blockchain architecture.
What is the history of Solana?
Initially, Solana was founded in 2017 by Anatoly Yakovenko. He has advanced engineering experience that he acquired during his previous work at Qualcomm. As it is one of the leading multinational companies in the field of technology.
In the same year, Solana published its white paper. She presented her pioneering vision for creating a distributed system based on a new algorithm. It is also capable of building and improving blockchain networks.
