Project | What is Solana (SOL)?

Solana Network was founded by Anatoly Yakovenko in 2017. Its most notable feature is its transaction speed. The network has the capacity to process an average of 65,000 transactions per second, meaning that Solana is capable of executing transactions almost instantly. This makes it much faster than other blockchain platforms. Solana Network utilizes a consensus mechanism called Proof of History, which is a version of Proof of Stake (PoS). Additionally, Solana is a platform that supports smart contracts, allowing developers to create and deploy them on the network. Solana's ability to integrate with multiple blockchain networks makes data and asset transfers easier, further increasing the network's usage and security. This feature is an important factor in the network's scalability and reliability.