What is Solana (SOL)

Solana (SOL) was founded in 2017 with the purpose of scaling censorship resistance to allow an order of magnitude increase in transaction throughput at a significantly lower cost than other blockchains such as Bitcoin or Ethereum. Solana is a decentralized protocol that includes a novel Proof-of-History (PoH) time mechanism that is implemented before and aids its Proof-of-Stake (PoS) protocol structure. As a consequence, an ultrafast blockchain capable of processing more than 50,000 transactions per second is created, with the capacity to scale as protocol adoption develops without the use of Layer-2 systems or sharding.

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