What is Solana $SOL ?
Solana was launched to the market in March 2020. However, the origins of the project date back to 2017, when Anatoly Yakovenko (co-founder and CEO) presented a draft with the "Proof of History" (PoH) protocol.
In 2018, the "whitepaper" was published, and an internal test was conducted.
The birth of Solana is a response to the congestion problems of the Ethereum network. While the limit of transactions per second for Ethereum was 45, Solana boasted a processing rate of 65,000 transactions per second. The development team has even announced that the Solana network could handle up to 710,000 once the project reaches the necessary number of validators.
Solana is above all a programmable blockchain, just like Ethereum. As a result, projects for dApps (decentralized applications) have proliferated, with more than 400 already! The most promising ones focus on the hottest market niches, particularly NFT, DeFi, and gaming.
The Solana cryptocurrency was designed to address specific problems. First, it was necessary to correct the shortcomings of decentralization to allow each company to have a blockchain that promotes its development.