Solana is a cutting-edge, open-source blockchain platform recognized for its exceptional speed, scalability, and cost-efficiency. Its native cryptocurrency, SOL, powers the network and is used for transaction fees and staking. Designed to support decentralized applications (dApps) and smart contracts at scale, Solana stands out among next-generation blockchains for its innovative hybrid consensus model. At the core of its architecture is Proof-of-History (PoH), a cryptographic timestamping method that, when integrated with Proof-of-Stake (PoS), enables the network to process thousands of transactions per second while maintaining robust security and decentralization. These capabilities position Solana as a serious contender to Ethereum in the race for blockchain dominance.
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