Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana can process 50k transactions per second.
One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation.
At the moment(June 16, 2021), about 270 million of these have already entered the market.
The SOL token distribution is as follows:
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm. Later on, Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs.
Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
SOL tokens can be purchased on most exchanges:
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