How Solana Achieves High Speed and Low Fees
In the world of cryptocurrency and blockchain technology, Solana has become one of the most talked-about projects. Known for its speed, low fees, and growing ecosystem, Solana is often called an “Ethereum Killer” because of its ability to process thousands of transactions per second at a fraction of the cost. But what exactly is Solana, and why is it gaining so much attention? This guide explains everything you need to know about Solana in simple terms. What Is Solana? Solana is a decentralized blockchain network designed to support scalable applications, smart contracts, and cryptocurrencies. It was founded in 2017 by Anatoly Yakovenko, a former Qualcomm engineer, and officially launched in 2020. Unlike Bitcoin, which is mainly used as a digital currency, solana provides a platform for developers to build decentralized apps (dApps), non-fungible tokens (NFTs), and decentralized finance (DeFi) projects. The Key Features of Solana 1. High Transaction Speed Solana is fam...