Solana #solana from the beginning of its appearance

#Solana: The journey of innovation and challenges in the world of blockchain

#Solanafounding and beginnings

Solana was founded in 2017 by Anatoly Yakovenko, a former engineer at multinational corporation Qualcomm. Solana presented its white paper in the same year with the idea of ​​creating a distributed system using a new algorithm that leverages blockchain networks, primarily targeting proof of stake and proof of work. Hence, Proof of History (PoH) emerged, a technology that provides timestamps for transactions within a data structure, enhancing network security.

### SOl digital currency

SOL is the native token of the Solana network, used to stake and pay transaction fees. Although it is an inflationary symbol, it is designed with a low supply and an annual inflation rate of 1.5%. The coin was launched in March 2020 during a beta testnet, and quickly became one of the leading cryptocurrencies. In 2021, SOL experienced exceptional growth, becoming the fifth largest cryptocurrency by market capitalization in November of the same year. 18 months after the ICO, SOL's price has increased 725x from its ICO price of $0.22.

### Solana's competition in the DeFi world

Solana has sought to become a legitimate competitor to industry leaders such as Ethereum, Polkadot, and Binance (BSC), thanks to its ability to process over 60,000 TPS, making it one of the fastest blockchains...