Solana (SOL) is a cryptocurrency and blockchain platform known for its speed and scalability. Launched in 2020, Solana was designed to support decentralized applications (dApps) and crypto projects by offering fast transaction speeds and low fees—features that set it apart from older blockchains like Ethereum.
Solana uses a unique consensus mechanism called Proof of History (PoH), combined with Proof of Stake (PoS), which allows it to process thousands of transactions per second. This makes it attractive for developers building apps for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.
