Solana: Revolutionizing Blockchain with High Speed and Security
Solana is a blockchain platform that uses a proof-of-stake mechanism and a novel timekeeping method called Proof of History to provide fast and scalable smart contract functionality. Solana was founded in 2017 by Anatoly Yakovenko, who published a whitepaper describing Proof of History. He later recruited Greg Fitzgerald, Stephen Akridge, and others to join him in developing the project. Solana was officially launched in March 2020 by the Solana Foundation, based in Geneva, Switzerland. Its native cryptocurrency is SOL, which has a total supply of 489 million tokens. Solana has experienced several challenges and achievements since its launch, such as: - Raising $314 million from investors in June 2021. ¹ - Facing a class action lawsuit for allegedly selling unregistered securities tokens in July 2022.Suffering a hack that affected over 9,000 wallets in August 2022.Launching Solana Mobile, a smartphone with preinstalled Solana-based apps, in April 2023. Being sued by the SEC for offering tokens that qualify as securities in June 2023. Solana's mission is to support all high-growth and high-frequency blockchain applications and to democratize the world's financial systems.claims to be able to process over 50,000 transactions per second with low fees and high security.Solana is one of the most popular and innovative blockchain platforms in the world, with a market cap of $7 billion as of December 2023.
Source:
(1) Solana (blockchain platform) - Wikipedia. https://en.wikipedia.org/wiki/Solana_%28blockchain_platform%29.
(2) History | Solana Docs. https://docs.solana.com/history.
(3) A Quick Introduction and Overview of Solana - Medium. https://medium.com/stakin/a-quick-introduction-and-overview-of-solana-c18335bed636.
(4) Solana price today, SOL to USD live price, marketcap and chart .... https://coinmarketcap.com/currencies/solana/. (5) Solana's History: When Was SOL launched? | Solana Compass. https://solanacompass.com/solana/solanas-history-when-was-sol-launched. (6) undefined. https://github.com/solana-labs/solana. (7) undefined. https://explorer.solana.com/. (8) en.wikipedia.org. https://en.wikipedia.org/wiki/Solana_(blockchain_platform).
