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What is Solana

By Eshwar ;) | Money Spotlight | 14 Aug 2022


A decentralised platform called Solana can accommodate general-purpose, high-throughput applications. It was introduced in 2017 by Solana Labs, the company that bears its name. SOL is the name of the Solana platform's native cryptocurrency. With its Proof-of-Stake consensus algorithm, Solana seeks to offer nearly immediate finality. The platform is meant to be secure, scalable, and resource-conserving.

 

Solana is a blockchain-based smart contract platform that can process transactions without the need of a centralized authority. It is one of the fastest blockchains in the market and can scale up to 1 million transactions per second.

Solana is a blockchain that uses DAG (directed acyclic graph) to solve the scalability problem of blockchain.

Solana is a new blockchain that aims to solve the scalability problem of existing blockchains. It does this by using DAG (Directed Acyclic Graph) which is a type of data structure, instead of blocks and chains.

Solana is a blockchain that is designed to ensure scalability and high speed. It’s consensus mechanism is Proof-of-Stake (PoS) which means it’s less energy intensive.

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Eshwar ;)
Eshwar ;)

My name is Eshwar. I work as a freelance content writer. When I'm not answering client calls, I'm probably watching cartoons.


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