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Solana is a blockchain platform that allows for decentralized, scalable applications. It's a high-speed blockchain that can process thousands of transactions per second. Solana's key features include: Proof-of-stake (PoS): Solana uses a PoS mechanism to provide smart contract functionality. Proof-of-history (PoH): Solana uses a PoH algorithm that uses hashed timestamps to verify when transactions occur. This allows other validators to quickly verify the order and timestamp of transactions. Lower transaction fees: Solana has lower transaction fees than other blockchains, like Ethereum. Native cryptocurrency: Solana's native cryptocurrency is SOL, which can be bought on most major exchanges. Solana was founded in 2017 and is currently run by the Solana Foundation. It was built by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
With a total transaction count of over 383,080,107,683and 24-hour transactions exceeding 124,862,308Solana demonstrates unparalleled efficiency.