Solana
Ultra-fast blockchain using an innovative proof-of-history mechanism.
Beginner-friendly explanation
Solana is a blockchain that allows very fast and cheap transactions. It is designed to support applications like NFTs or DeFi. Example: Buying an NFT on Solana is quick and costs only a few cents.
Intermediate-level insight
Solana uses 'Proof of History' (PoH) combined with Proof of Stake to reach thousands of transactions per second. Its ecosystem hosts many DeFi, GameFi, and NFT projects. Example: The DEX Serum operates on Solana to benefit from fast and low-cost transactions.
Advanced perspective
Solana’s scalability relies on a monolithic architecture with relatively low validation costs. However, challenges remain around decentralization and network outage management. Example: Network congestions on Solana forced some validators to manually coordinate a network reboot.
Cryptocurrencies & Tokens
Solana, fast blockchain, NFT, DeFi, GameFi, Proof of History, scalability, low fees