$ETH DApps) and smart contracts, known for their fast transactions and high efficiency compared to many other networks like Ethereum and Bitcoin.

Key features of Solana:

1. High speed:

Capable of processing over 65,000 transactions per second (TPS), compared to Ethereum which processes about 15–30 transactions per second.

2. Low transaction fees:

Transaction fees on Solana are very low (up to a fraction of a cent), making it suitable for applications that require a large number of transactions, such as games and financial applications.

3. Hybrid consensus mechanism:

Uses a combination of Proof of History (PoH) and Proof of Stake (PoS), where PoH efficiently records the chronological order of events on the network.

4. Support for decentralized applications and non-fungible tokens (NFTs):

The Solana network has witnessed significant growth in NFT projects and decentralized finance (DeFi) applications.

5. High scalability without external solutions:

Unlike Ethereum, which requires solutions like Layer 2 for scalability, Solana achieves scalability on the main chain itself (on-chain scalability).

6. Active community and developers:

It has an expanding ecosystem that includes hundreds of projects, including NFT marketplaces, DeFi protocols, and digital wallets.

Disadvantages to be aware of:

Network outages:

Solana has faced temporary outages at times, affecting trust.$ETH