#SOL – #SOLANA

Digital Currency: $sol

Year of Creation: 2020 (official launch)

Founder Name: Anatoly Yakovenko and the Solana Labs team

Country of Founders: United States

Project Overview:

Solana is a high-speed blockchain based on the "Proof of History" protocol, primarily targeting decentralized finance (DeFi) and non-fungible tokens (NFT) as well as high-performance applications.

Features:

• Very high data processing speeds.

• Low transaction fees.

• An active and thriving community, with many diverse projects.

Drawbacks:

• A history of network outages.

• Relative concentration of contracts and validators.

Project Audits:

Multiple audits of parts of the protocol have been conducted by well-known companies such as Kudelski and others, with details typically published in the project's official documents.

Important Note:

The SOL currency is inflationary, with the inflation rate decreasing annually, along with a mechanism for burning a portion of the fees. The network has experienced several outages and downtimes from 2021 to 2024 due to technical failures and congestion, necessitating network restarts by the validators.