$SOL Solana has become, in just a few years, one of the most efficient and influential blockchain networks in the crypto ecosystem. With advanced technology, nearly nonexistent fees, and impressive processing speed, Solana is often viewed as a viable alternative to Ethereum in terms of smart contracts and decentralized applications (dApps).

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What is Solana?

Solana is an open-source blockchain platform that supports decentralized applications (DeFi, NFT, gaming, etc.) and smart contracts. Launched in 2020 by Anatoly Yakovenko and the Solana Labs team, the network's main objective is scalability — that is, the rapid processing of a large number of transactions without sacrificing decentralization or security.

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Technology: What Makes Solana Different?

Solana's strong point is its consensus algorithm called Proof of History (PoH) — an innovation that allows the network to order transactions in time before validating them, drastically reducing wait times.