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About Solana

Solana (SOL) is an open-source blockchain platform launched in March 2020 by the Solana Foundation to enable scalable decentralized applications (dApps) and DeFi solutions. It uses a hybrid consensus model combining Proof of Stake (PoS) with Proof of History (PoH), a mechanism that timestamps transactions to improve efficiency without requiring constant network-wide communication. This design allows Solana to achieve high throughput, processing thousands of transactions per second while maintaining decentralization. The SOL token is used for transaction fees, staking, and securing the network.

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