Solana (SOL)

Built for Speed: A High-Performance Blockchain

Solana is a "Blockchain 3.0" platform designed from the ground up to solve one of the most critical issues plaguing older blockchains: speed. It is built to be a high-performance network capable of supporting decentralized applications that require massive transaction throughput, a feature that aims to address the scalability issues faced by traditional blockchains (Mishra et al., 2024).


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Core Features: High Throughput and Low Costs

Solana achieves its speed (up to 65,000 TPS) through a unique innovation called "Proof of History" (PoH). This mechanism creates a verifiable order of events, allowing the network to process thousands of transactions per second with minimal latency, a key advantage for demanding applications (Mishra et al., 2024).

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Core Features: High Throughput and Low Costs

Solana achieves its speed (up to 65,000 TPS) through a unique innovation called "Proof of History" (PoH). This mechanism creates a verifiable order of events, allowing the network to process thousands of transactions per second with minimal latency, a key advantage for demanding applications (Mishra et al., 2024).

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