# MileiMemeCoinControversy Solana is a high-performance blockchain designed for decentralized applications and crypto projects. Launched in 2020, it offers fast transactions and low fees, making it a strong competitor to Ethereum. Solana uses a unique Proof of History (PoH) mechanism combined with Proof of Stake (PoS) to achieve high throughput, processing thousands of transactions per second. It supports smart contracts and NFTs, attracting developers and investors. Despite some network outages, Solana remains a top blockchain for scalability and innovation. Its native token, SOL, is used for transactions, staking, and governance within the ecosystem, driving its growing adoption.