Solana

Solana is a blockchain platform that aims to facilitate the widespread adoption of cryptocurrency and blockchain technology by enabling fast and high-throughput transactions. The platform employs several innovative features to enhance speed, including Proof of History (PoH) and parallelized transactions. Transactions and smart contracts can be interacted with using SOL, the network's native token.

The scalability of blockchain technology is one of its most significant challenges. As networks expand, they often experience limitations in transaction speed and confirmation times. Solana aims to overcome these limitations while maintaining security and decentralization.

Anatoly Yakovenko, the founder of Solana Labs, established the Solana blockchain in 2017. It employs a new transaction verification method, in contrast to Bitcoin and other similar projects that face issues with slow transaction times, high fees, and extensive energy usage. Solana uses various innovations, including PoH and parallelization, to process thousands of transactions per second (TPS) efficiently.