Solana is a blockchain network that uses Proof of History to improve network performance and scalability. Solana is maintained by the Solana Foundation, which is based in Geneva, Switzerland.
Thanks to Proof of History, Solana can process thousands of transactions per second and have very low transaction fees. The network relies on validators, which process transactions and receive rewards from the protocol and its users.
The Solana protocol automatically creates new SOL tokens on a predetermined inflation schedule. SOL token holders can vote on governance proposals. A portion of the transaction fee is burned, accruing value for the SOL token holders. Solana's investors include Andreessen Horowitz, Polychain Capital, Alameda Research, and others.
Top Solana Projects
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