Solana (SOL) Definition - What Is Solana
Solana is a blockchain platform designed to host decentralized, scalable programs. Founded in 2017, Solana is an open-source project presently run with the aid of Solana Foundation based in Geneva, while the blockchain became built by way of San Francisco-based totally Solana Labs. Solana is much quicker in terms of the variety of transactions it could system and has considerably lower transaction costs in comparison to rival blockchains like Ethereum. The cryptocurrency that runs at the Solana blockchain —additionally named Solana (SOLUSD) and with the ticker image SOL—has soared nearly 12,000% to this point in 2021, and with a marketplace capitalization of over $66 billion, it's far the fifth-biggest cryptocurrency by this measure. Understanding Solana Proof of History idea Solana co-founder Anatoly Yakovenko published a white paper in November 2017 describing the Proof of History (PoH) idea. PoH is a proof for verifying order and passage of time among activities, and it's mi