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Description
Solana is a public, high‑throughput blockchain that uses a hybrid proof‑of‑history (PoH) and proof‑of‑stake (PoS) consensus mechanism to order and validate transactions quickly and cheaply. The network supports smart contracts and a growing ecosystem of decentralized applications, making it a platform for DeFi, NFTs, gaming, and other Web3 services. Its design enables thousands of transactions per second with sub‑second finality and low fees, positioning Solana as one of the leading layer‑1 solutions focused on speed and scalability, though it has experienced occasional network outages that raise questions about decentralization.
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