Solana
Solana is a high-performance smart contract platform known for fast transaction speeds and low fees. It uses a unique consensus mechanism called Proof of History (PoH) to enhance scalability. SOL is used for dApps, NFTs, and DeFi applications, making it a popular choice among developers. Despite occasional network outages, Solana remains a major Ethereum competitor.
| Solana | |
|---|---|
| Available on Coinbase (2024)? | Yes |
| Creator(s) | Anatoly Yakovenko |
| Start year | 2020 |
| Decentralized score (out of 5) | 3/5: Shared Control |
| Influences or central authority | validators |
| Can be mined? | No |
| New issuance method | Proof of Stake (PoS) |
| Maximum supply (in millions) | None; no fixed maximum |
| Percentage already issued (2024) | Not applicable |
| Key functions (other than transactions) | smart contracts, apps, asset tokenization, high throughput |
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