Solana
- Live from: 2017
About
Native Token
Blockchain Score
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)
0.52%
$ 146.29
$ 0.760704
⇣ 145.31
13 Oct
⇡ 147.06
Coins in the Solana Ecosystem
Solana Team
All Solana Projects
Solana Total Value Locked (TVL)
Solana Whitepaper
Ecosystem
Explorer
DEX
Launchpad
NFT Marketplace
Bridge
Wallet
Solana Reviews
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