What is Solana (SOL)
2024-02-11 04:08:33
Solana is an open source project that aims to be the world's first web-scale, high-performance, permissionless blockchain.
- Solana seeks to use a revolutionary innovation called Proof of History to remove performance bottlenecks, allowing transaction throughput to scale proportionally with network bandwidth.
- SOL can be earned by staking coins for validators who run the network or by providing computing resources to validate transactions.
- The network is run by Solana Clusters, which are a set of computers that work together and can be viewed from the outside as a single system.
Scaling blockchain for global adoption is one of tech's biggest challenges. Utilising their innovative framework, the Solana team believe they are well positioned to succeed.
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