What is Solana - Steven Kelly

Solana is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. It offers fast transaction speeds, low fees, and scalability, making it an attractive option for developers and users. Solana utilizes unique technologies such as Proof of History (PoH) and Tower BFT (Byzantine Fault Tolerance) to achieve its high throughput and low latency. It supports a growing ecosystem of projects and applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and more. The native cryptocurrency of the Solana network is called SOL, which serves as a utility token for transaction fees and network governance. Solana aims to provide a scalable and efficient infrastructure for the decentralized web, enabling the creation of innovative and high-performing blockchain applications.
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