What is Solana?

Solana is a high-performance blockchain built for decentralized applications (DApps) and cryptocurrency transactions. Its main feature is Very high speed and Low commissions.


The main features of Solana

  1. Speed
    • Solana can handle Tens of thousands of transactions per second (TPS).
    • For comparison:
      • Bitcoin ≈ 7 TPS
      • Ethereum ≈ 30 TPS
      • Solana → More 50 000 TPS in real conditions (and in stress tests it was even >100,000).
  2. Proof-of-History (POH)
    • Unique Solana technology — Proof-of-history, which captures the time of each transaction.
    • This solves the problem of node synchronization and speeds up the network.
  3. Low commissions
    • The average cost of a transaction in the Solana network is − less than $0.01.
    • This makes it very convenient for DeFi, NFT and micropayments.
  4. Smart contract and DeFi support
    • Solana is used to create decentralized applications, NFT marketplaces, games, and defi platforms.
    • Many projects that used to only work in Ethereum transfer some of the solutions to Solana.

Solana application

  • NFT platforms.
  • Blockchain games.
  • defi apps (crediting, staking, exchanges).
  • payment systems With fast and cheap translations.

How is it different from competitors?

  • From Ethereum → Faster and cheaper, but less decentralized (the network is still young and the centrality of nodes is higher).
  • From Bitcoin → Solana is not only a currency, but a whole platform for applications.
  • From Cardano / Polkadot → Makes it specifically on speed and mass use.

As a result: Solana is a new generation blockchain that combines high speed, low commissions and flexibility for DApps developers.