Solana is a blockchain platform that supports smart contracts and was introduced in 2020. It is widely known that "Anatoly Yakovenko" is the creator of Solana and continues to lead its development.
The primary goal of the Solana network is to address the scalability constraints faced by other smart contract platforms, allowing it to better support decentralized finance (DeFi), non-fungible tokens (NFTs), and other decentralized applications (dApps).
These constraints are often attributed to the leading smart contract blockchain, Ethereum, where such limitations can lead to slow transaction processing and high fees, reducing the quality of the user experience and frustrating developer adoption. The architecture of the Solana network aims to address these concerns by increasing transaction speeds and reducing costs $BTC $ETH #TradingTypes101 #ElonMuskDOGEDeparture #BinanceAlphaAlert #TrumpTariffs #BinanceHODLerSOPH