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:
- Performance
Transaction speed and network scalability
5/5
- Security
Operating mechanism and validators
4/5
- Economics
Functioning of the economy and distribution
5/5
- Ecosystem
Scope of the ecosystem and partners
4/5
- Team & Community
Team experience and community strength
4/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
5/5
Blockchain Categories:
0
Tags
Platform
Smart Contracts
Payments
Can be Staked ?
Yes
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
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