#DiversifyYourAssets Cryptocurrency Solana is a decentralized peer-to-peer digital currency aimed at fundamentally reshaping the traditional financial landscape. Solana allows for the creation of a more cost-effective and faster ecosystem of financial institutions focused on the user. Solana is a blockchain protocol designed to enable widespread use of the DeFi ecosystem. It also supports NFTs, the popularity of which is steadily growing. Solana offers the same services as the Ethereum protocol but differs from the older smart contract network. Solana uses a hybrid blockchain architecture that incorporates a Proof-of-Stake (PoS) consensus mechanism and a Proof-of-History (PoH) algorithm for time synchronization. This makes the protocol faster (with a throughput of up to 50,000 transactions per second), as well as cheaper and more environmentally sustainable than the PoW Ethereum blockchain.
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