What exactly is Solana? (SOL)

What is Solana (SOL)? Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently supports 50,000 TPS (Transactions per second) and 400ms Block Times.

As one of the most performant permissionless blockchains in the world, the network has 200 physically distinct nodes supporting a throughput of more than 50,000 TPS when running with GPUs. One of the biggest challenges with distributed systems is the agreement in time.

Unlike Bitcoin that uses the PoW algorithm as a decentralized clock for the system, Solana uses a Proof of History method. With Proof of History, you are able to create historical records that prove that an event occurs during a specific moment in time.

Solana's future

Solana solves the many traditional issues that earlier blockchain technology experiences. Solana displays a new structure for verifying transactions and a more efficient consensus algorithm. The platform will definitely be a strong competitor with Bitcoin and Ethereum. Solana displays the fast advancements in the crypto industry in just mere 10 years. The platform will definitely be something to look out for as it continues to develop!

Where can I buy SOL?

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