Solana is a high-performance blockchain designed for speed, scalability, and low fees ā built to power the next generation of DeFi, NFTs, and Web3 apps.
š” Key Facts:
Launched: March 2020
Founder: Anatoly Yakovenko ā a former Qualcomm engineer who wanted to solve blockchain speed limits.
Consensus Mechanism: Proof of History (PoH) + Proof of Stake (PoS) hybrid ā allowing Solana to process up to 65,000 transactions per second with minimal fees.
Core Goal: Make blockchain fast enough for real-world global adoption ā without sacrificing decentralization.
š„ Ecosystem Today: Thousands of projects ā from DeFi giants like Marinade & Jupiter to NFT marketplaces like Tensor ā all run on Solana. Itās one of the top 5 blockchains by active users and transaction volume.
āļø Why It Stands Out: ā Lightning-fast TPS ā Ultra-low gas fees ā Strong developer community ā Constant ecosystem innovation
š Solana isnāt just another chain ā itās a speed revolution in crypto.
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