How does the Solana network work?

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15 Jan 2024
32

Today, I would like to share with you my research and what I have learned about the Solano network.

Solana is an open source blockchain ecosystem. Similar to Ethereum, the Solana network, on which decentralized applications can be developed, is a scalable, secure and flexible blockchain. The Solana network, a consensus algorithm and Proof of History, forms the infrastructure of a large ecosystem.

One of Solana's most important innovations is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which increases usability. Solana is known in the cryptocurrency space for the incredibly short transaction times that blockchain offers

Solana's success stems from the appeal of allowing high transaction speeds at low cost, especially when compared to other popular blockchains.

If you want to use the Solana network through a wallet such as MetaMask, the 3 most popular wallets that support the Solana network are as follows: Trust Wallet; Atomic; Solflare; phantom These wallets can interact with decentralized finance applications, NFTs and games on the Solana network

I hope this information has helped us gain at least a little knowledge.

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