23/07/2021
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption. It was founded in 2017 by former Qualcomm, Intel and Dropbox engineers. Through its Proof of History design, it can reach over 50k transactions per second while keeping costs to $10 per 1 million transactions.
Solana's mission is to support all high-growth and high-frequency blockchain applications and democratize the world's financial systems.
Solana’s Proof of History system creates a trustless and secure clock on which all nodes can base their transaction timestamps. With this, Solana solves the “clock problem” (the problem of getting distrusting parties to agree on the time and order of events) and the double-spending problem. In Solana, there is clear consensus about the order of transactions because of the timestamps. Therefore, bad actors cannot spend their tokens twice. With Proof of History, the Solana team can optimize many other aspects of the network, ranging from block propagation, parallel processing, database structures, and others.
Solana leverages Proof of History and several other breakthrough innovations to allow the network to scale at the rate of Moore's Law.
Focus on your business, not your blockchain infrastructure.
8 core innovations enable scalability, security, and decentralization. No sharding is required. Code is in Rust, C, and C++ with flexible virtual machine integrations.
Solana scales thanks to Moore’s Law — there's no need to integrate with multiple shards or layer 2 solutions.
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