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Solana Ecosystem

Solana

  • Live from: 2017

About

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Overview

Solana is building the architecture of their blockchain based on Proof of History. This is a proof for verifying order and passage of time between events. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and proof of history. As a result, it claims to be able to support 50,000 transactions per second without sacrificing decentralisation and is positioned as a serious Ethereum competitor because of its speed and cost-effectiveness.

Pros
  • It is currently the number one platform for DApps, especially DeFi.
  • Largest developer community – 250,000 active developers (July 21).
  • Ethereum is truly decentralised – there is no centralised authority with ultimate control.
  • Great interoperability – DApps built on Ethereum can automatically connect to hundreds of existing protocols.
  • Demonstrated security and proven reliability.
  • A defined roadmap for improvement with EIP 1559, changing Eth to a deflationary asset and Eth 2.0 which will slash gas fees along with a number of very significant improvements.
Cons
  • Many implementations still await their launch on the Mainnet Beta version.
  • Satisfactory hardware setup for Solana is relatively costlier.
  • Not fully decentralised with less than 200 validators.
Solana (SOL)
0.25%
$ 32.14
$ 0.080347
⇣ 31.85
20 Sep
⇡ 32.90
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Coins in the Solana Ecosystem

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Solana Team

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All Solana Projects

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Solana Total Value Locked (TVL)

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Solana Whitepaper

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  • Transactions Per Second (TPS)
  • Transaction Speeds (Secs)
  • Cost Efficiency ($USD)
  • Energy Efficiency (Kwh)

30,000+

0.50 – 2.50

0.00001

low

Performance: 95/100

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Solana Ecosystem

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