Solana
SOLRank #7
Solana Live PriceSOL · USD · SPOT
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About Solana
Toly Yakovenko and Raj Gokal established Solana in 2018 as a public blockchain platform that supports smart contracts. Its native cryptocurrency, SOL, pays transaction fees and is staked to help keep the network secure, according to its developers. The network went live in March 2020, launched by Solana Labs, a company based in San Francisco.
Solana combines proof-of-stake with Proof of History, a timestamping method that gives validators, the computers that confirm transactions, a shared clock. Its Gulf Stream protocol sends transactions to validators before the current block finishes, which shortens confirmation times.
- Consensus
- Proof of Stake with Proof of History
- Created by
- Anatoly Yakovenko
- Category
- Layer 1
- Max supply
- No hard cap
Solana news
All newsSolana FAQ
Its Sealevel engine runs smart contracts that do not conflict with each other at the same time, spread across several processor cores.
It grew as a rival to Ethereum, and drew attention in 2021 when non-fungible tokens, a kind of digital collectible, took off.
It expands without dividing the network into shards or adding extra layers, keeping a single ledger so that liquidity is not split up.