What Is Solana?
Solana is a decentralized blockchain platfrom built to enable scalable, user-friendly apps for the world. Solana achieves consensus using a proof-of-stake mechanism, as well as a "proof-of-history" mechanism. Solana ensures composability between ecosystem projects by maintaining a single global state as the network scales.
Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more. Solana's scalability ensures transactions remain less than $0.01 for both developers and users. Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network. Not only is Solana ultra-fast and low cost, it is censorship resistant. Meaning, the network will remain open for applications to run freely and transactions will never be stopped.
History Of Solana?
2017 - Anatoly Yakovenko published a whitepaper describing Proof of History, a technique for keeping time between computers that do not trust one another.
2018 - Greg Fitzgerald, who had previously worked with Anatoly at Qualcomm Incorporated, began prototyping the first open source implementation of Anatoly's whitepaper. The project was published to GitHub under the name Silk in the loomprotocol organization. Later, the team created the Solana GitHub organization and renamed Greg's prototype Silk to Solana and scaled up the technology to run on cloud-based networks, published a 50-node, permissioned, public testnet supporting 250,000 transactions per second.
Roadmap of Solana
- 2017 - Whitepaper published
- 2018
- Single node testnet
- Multinode testnet
- Public testnet
- Smart Contracts SDK
- Live mainnet
- 2019 - Token distribution
Where To Buy Solana?
You can buy Solana from the popular exchanges like Binance, Kraken, Coinbase, Uphold, FTX etc.
