Solana is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. Launched in 2020, it’s known for its incredible speed and low transaction costs, capable of processing thousands of transactions per second using a unique consensus model called Proof of History (PoH). Solana's scalability makes it ideal for DeFi, NFTs, and gaming applications. Despite some network outages in the past, it remains a popular choice due to its developer-friendly ecosystem and growing community. The native token, SOL, is used for transaction fees and staking. As blockchain adoption grows, Solana continues to compete with Ethereum and others as a fast, efficient layer-1 solution for the decentralized web.
