What is Solana ? | All about Solana in Short | Crypto Currency Solana

What is Solana?

Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale today. Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces.

When was Solana invented ?

Solana's origins date back to late 2017 when founder Anatoly Yakovenko published a whitepaper draft detailing a new timekeeping technique for distributed systems called Proof of History (PoH). In blockchains like Bitcoin and Etheruem, one of the limitations to scalability is the time required to reach a consensus on the order of transactions.

Importance of Solana?

Solana features a new timestamp system called Proof-of-History (PoH) which enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals of solana include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.

Future of Solana?

Solana is a good investment as it has adoption and is used by one of the biggest crypto exchanges - FTX. Also it is traded on most of the other big exchanges like Binance, Primexbt, Kucoin etc,.

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