Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world. Solana was launched in 2020 to great expectations. It was designed to solve the high costs and slow transaction speeds that limit the scalability of other blockchains.
Solana was capable of a throughput of 50,000 to 65,000 transactions per second (TPS), while other blockchains could barely handle 15 TPS. To achieve this feat, Solana combined proof-of-history (PoH) consensus with the underlying proof-of-stake (PoS).
The scalability of Solana made it one of the biggest and preferred networks. It allowed the faster and more efficient deployment of decentralized applications (dApps). Its native token, SOL, is used to pay transaction fees and for staking.
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