"Back to Dictionary

WHAT IS SOLANA

Solana is a Blockchain designed to support decentralized and scalable applications. It was founded in 2017 and is an open-source layer 1 project.

One of the differential points of Solana is the number of transactions it can process much faster than other Blockchain and, in addition, with lower fees than its competitors, such as Ethereum. This is possible thanks to the Proof of History (PoH) consensus model combined with the lightning-fast synchronization engine. The Blockchain's governance token or crypto is SOL, the acronym for Solana.

It is undoubtedly one of the networks with the most potential and outstanding at present. The main reason for its success is the great community that has been created thanks to the NFTs. These NFTs have generated a lot of markets and a lot of demand in the sector and have allowed incredible growth as it has had. We have some well-known collections such as Degods, Cets on Creck, Okay Bears, and Solana Monkey Business. In Solana, we can find different DeFi platforms and dApps that give even more potential to this Blockchain.

Surpass your competitors?

Join our Newsletter and receive weekly Blockchain news specialized in web3 creators.

PODIUM PNG - Smithii
SMITHII LOGO

All-in-one Solution for Solana Projects

Features

Analytics

Management

Smithii Tools

Apps

Resources

Tutorials

Affiliates

NFT Course

Blog

Dictionary

Sitemap

Subscribe

Receive weekly news
for Solana Creators

© 2024 Smithii | All rights reserved