Solana is an open blockchain platform launched in 2020, aimed at providing high throughput and minimal latency in transaction processing. At the core of its architecture is a unique Proof of History (PoH) algorithm that synchronizes time between nodes and enables speeds of up to 65,000 transactions per second without the need for layer two solutions.
One of the key advantages of Solana is its ability to provide low fees with high transaction speeds, making it attractive for both developers and users. These characteristics have contributed to the rapid growth of the ecosystem, which includes decentralized exchanges, NFT marketplaces, payment solutions, and blockchain games.
Solana is actively used in projects related to Web3, DeFi, and digital assets, such as Phantom, Magic Eden, Stepn, and Serum. Thanks to its high scalability and performance, the platform remains one of the main competitors to Ethereum and other smart contract networks.
Solana also focuses on sustainability and energy efficiency: according to the project team, one transaction on the Solana network consumes less energy than two Google search queries.
In conclusion, Solana offers a reliable infrastructure for the development of scalable and accessible decentralized solutions, forming the technological foundation for the next stage of the digital economy.