WHAT IS SOLANA
Solana is a Blockchain built to support decentralized, scalable applications. Founded in 2017, it’s an open-source layer 1 project.
One of Solana’s standout features is its ability to process transactions far faster than other Blockchains, while keeping fees significantly lower than competitors like Ethereum. This is made possible by the Proof of History (PoH) consensus model combined with a lightning-fast synchronization engine. The network’s native governance token is SOL, short for Solana.
NFT is easily one of the most promising and most talked-about networks right now. A big part of that success comes from the strong community that has built up around NFT. These NFT have driven serious market demand and fueled the kind of explosive growth the network has seen. Some of the most recognized collections include Degods, Cets on Creck, Okay Bears, and Solana Monkey Business. Solana also hosts a wide range of DeFi platforms and dApps that give this Blockchain even more depth.
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