- Launched: 2020
- Creator: Anatoly Yakovenko
- Purpose: Solana is a high-performance blockchain platform designed for decentralized apps and crypto projects, aiming to provide fast and low-cost transactions.
- Features:
- Proof of History (PoH): Solana uses PoH in combination with PoS to achieve high throughput and low transaction fees.
- Scalability: Solana can process thousands of transactions per second (TPS).
- Use Cases: DeFi, NFTs, and building decentralized applications with high-speed transaction needs.
- Status: Solana has become a major competitor to Ethereum due to its fast transaction speeds and low fees.
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