$SOL The genesis of Solana is owed to a certain Anatoly Yakovenko, a software engineer expert in compression algorithms and distributed systems, who began working on the project at the end of 2017, when he published the White Paper for this new blockchain.

The document in question introduces the concept of "Proof of History", a new method for determining the date of transactions, and a key technology of the platform, which we will return to in more detail later in this article.

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In association with Greg Fitzgerald, Raj Gokal and Eric Williams, he co-founded the company Solana Labs the same year, to implement the project.

Initially, it was called Loom, before quickly adopting its current name to avoid any unfortunate confusion with another blockchain platform already bearing a similar name