What Exactly Is Solana? (SOL)
Solana (SOL) 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 globally, the network has 200 physically distinct nodes supporting a throughput of more than 50,000 TPS when running with GPUs. However, one of the biggest challenges with distributed systems is time agreement.
Unlike Bitcoin, which uses the PoW algorithm as a decentralized clock, Solana uses a Proof of History method. With Proof of History, you can create historical records that prove that an event occurs during a specific moment in time.
The Future Of SOL
Solana solves the many traditional issues that earlier blockchain technology experienced. In addition, it displays a new structure for verifying transactions and a more efficient consensus algorithm. As a result, the platform will be a strong competitor with Bitcoin and Ethereum. With SOL we have seen impressive advancements in the crypto industry in just ten years. The forum will be something to look out for as it develops!
Where Can I Buy SOL?
If you’re looking to diversify your portfolio by adding some Solana look no further. You can easily purchase and sell trusted cryptocurrencies instantly at all of our nationwide Bitcoin kiosk locations. All you need to bring is cash, a valid identification, your smartphone. We will supply the crypto and good vibes.
Get ahead of the game by DOWNLOADING BYTE WALLET
