What is Solana (SOL)? A Complete Guide

What is Solana (SOL)? A Complete Guide Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications (dApps) and cryptocurrencies. It is known for its fast transaction speeds, low fees, and scalability , making it one of the leading competitors to Ethereum in the blockchain ecosystem. Key Features of Solana High Speed Solana can process over 65,000 transactions per second (TPS) thanks to its innovative Proof-of-History (PoH) mechanism combined with Proof-of-Stake (PoS) . Low Transaction Fees Transactions on Solana are extremely cheap, often costing less than $0.01 , making it ideal for microtransactions and NFT marketplaces. Scalability Unlike many other blockchains, Solana does not suffer from congestion issues, allowing it to grow while maintaining speed and efficiency. Growing Ecosystem Solana hosts a wide variety of dApps, DeFi platforms, and NFT projects , with developers constantly choosing it due to its efficienc...