Solana Explained
The high-performance blockchain built for global adoption.
What is Solana?
Solana is a high-performance blockchain designed to enable scalable, user-friendly apps for the world. Known for its impressive speed and low transaction costs, Solana has positioned itself as a leading solution for decentralized applications that require high throughput and minimal fees.
Created in 2017 by Anatoly Yakovenko, Solana introduced a novel proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. This innovation allows Solana to achieve speeds of up to 50,000-65,000 transactions per second (TPS) without compromising security or decentralization.
Did you know? Solana's native token SOL serves both as a means of transferring value and as a staking token to secure the network.
How Solana Works
Proof of History (PoH)
Solana's breakthrough innovation is its proof-of-history mechanism, which creates a historical record that proves that an event occurred at a specific moment in time, enabling massive throughput increases.
Tower BFT
Solana's version of Practical Byzantine Fault Tolerance, optimized for proof of history, allows for fast consensus by using the synchronized clock to reduce communication overhead.
Gulf Stream
Solana's mempool-less transaction forwarding protocol allows validators to execute transactions ahead of time, decreasing confirmation times and improving throughput.
Turbine
A block propagation protocol that breaks data into smaller chunks for efficient transmission across the network, solving bandwidth limitations.
Solana Ecosystem
NFT Marketplaces
High-volume NFT marketplaces leveraging Solana's low fees and high speed.
DeFi Protocols
Lending, borrowing, and trading platforms with rapid transaction finality.
Web3 Gaming
On-chain gaming experiences with seamless, responsive gameplay.
Trading Solana on Blanket
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Lightning Fast
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Minimal Fees
Benefit from Solana's exceptionally low transaction costs, often less than $0.01 per transaction.
Vast Ecosystem
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