Solana
Solana is a cryptocurrency startup that builds and develops crypto applications for decentralized apps and marketplaces through architecture web-scale blockchain. It features a development network where developers can download the dedicated software development kit and start building decentralized applications based on the new chain. Solana achieves consensus using a proof-of-stake mechanism, as well as a "proof-of-history" mechanism which Solana's whitepaper claims improves scalability without sacrificing decentralization and security. Its hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. Today, Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.
ABOUT SOLANA
Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.
It ensures composability between ecosystem projects by maintaining a single global state as the network scales.
Solana's scalability ensures transactions remain less than $0.01 for both developers and users.
Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.
In 2021, Bloomberg described Solana as "a potential long-term rival for Ethereum", citing superior transaction speeds and lower associated costs.
Solana supports a fully decentralized on-chain experience, from auctions to perpetual royalties coded right into the NFT
The Solana NFT standard and minting program offers extreme customizability, with ecosystem-wide support
Configure the best Web3 storage option for your project, whether payment, decentralized storage provided by ARweave or other standards
SOLANA DEFI