Solana is a high-performance blockchain platform that uses proof-of-stake to provide smart contract functionality, enabling fast and scalable decentralized applications (dApps) and cryptocurrencies. Solana was launched in 2020 by Solana Labs, a U.S.-based crypto company founded by Anatoly Yakovenko and Raj Gokal a few years earlier. Solana has become known for its ability to handle thousands of transactions per second and for offering low fees.

The platform uses a unique and innovative Proof of History (PoH) mechanism in combination with a Proof of Stake (PoS) consensus model, making it both fast and secure. Solana attracts developers and companies looking to build efficient, scalable, and cost-effective blockchain solutions, which has made the platform popular in the crypto world.

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