#CryptoFees101 Solana (SOL) is an open-source blockchain project designed to provide a fast, low-cost, and scalable platform for decentralized applications (dApps) and cryptocurrencies.

🔹 History of Solana:

Founding: Solana was founded in 2017 by Anatoly Yakovenko, a former engineer at Qualcomm.

Launch: The Solana mainnet officially launched in March 2020.

Purpose: It was created as an alternative to Ethereum, offering lower transaction fees and faster processing speeds.

Technology: Solana uses a unique consensus mechanism called Proof of History (PoH), which timestamps transactions to increase efficiency and throughput.

Rise in Popularity: In 2021, Solana gained massive attention due to its role in powering DeFi platforms, NFTs, and Web3 apps.

SOL Token: The native token, SOL, is used for transaction fees and staking on the network.

Today, Solana is recognized as one of the fastest and most innovative blockchains in the crypto ecosystem.