What is Solana (SOL) ?

Solana SOL Official Logo
Solana SOL Official Logo

Solana is a high-speed single-layer, Proof-of-Stake blockchain with a pBFT-derived consensus mechanism and 200 nodes operating around the world. Solana is the only blockchain in existence with the capability to power decentralized versions of Nasdaq, Facebook, Twitter and all other existing blockchains – with room to spare. Solana is a high-throughput blockchain that is currently supporting 50k-65k transactions per second and 400ms block times, without complex solutions like sharding or layer-two. Solana is an open source project that is stewarded by the Solana Foundation and Solana Labs, Inc., a development consultancy dedicated to building solutions with the Solana blockchain. Solana focuses on an element which is so devilishly simple that it makes you wonder why you did not think of it: time. As it turns out, introducing a decentralized clock to a cryptocurrency blockchain makes it more efficient than anyone could have possibly imagined. SOL is one of the virtual currencies with good return and can be a profitable investment option.

Original author – Anatoly Yakovenko
Initial release – 3 June 2018
Development status – Active
Website – solana.com

Leave a comment

Your email address will not be published. Required fields are marked *