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
- 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).
- 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.
- 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.
- 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.