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Solana is a scalable blockchain based on an innovative hybrid consensus, combining Proof of History and Proof of Stake. It aims, among other things, to deal with the flow problems present in other blockchains such as Ethereum or Bitcoin. It is currently the fastest in terms of transaction speed, being able to debit 65,000 transactions per second. In addition, the costs are very low (~ 0.00005 SOL). Solana project began in 2017 in California, near the beach of the same name where Anatoly Yakovenko, the founder, worked at length on its design.

Last Page Update

September 21, 2021

Founder(s)

Anatoly Yakovenko

Mainnet Launch

2020

Consensus

Proof of Stake (PoS), Proof of History (PoH)

Architecture

Single-chain (Synchronous)

Security

Global

Validators

~1000

Type

Layer 1

VM/Dev

Sealevel (Rust)

TPS

65000

Economics

Variable Tx Fees

Avg Tx Fee

~$0.00025

Rating:

Transaction speed and network scalability

5/5

Operating mechanism and validators

4/5

Functioning of the economy and distribution

5/5

Scope of the ecosystem and partners

4/5

Team experience and community strength

4/5

Cost of transaction fees (the higher the score is, the lower the fees are)

5/5

Cryptocurrency:

Blockchain Categories:

0
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Platform
Smart Contracts
Payments
Can be Staked ?
Yes
0 %
Annual Interest

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