What is Solana?
Solana is a high-performance blockchain designed for scalability, speed, and low transaction costs. Launched in 2020, it uses a unique Proof-of-History (PoH) mechanism alongside Proof-of-Stake (PoS) to process thousands of transactions per second. Unlike Ethereum, which faces congestion and high fees, Solana offers a cost-effective alternative. Its ecosystem supports DeFi, NFTs, and gaming applications. With major projects like Serum and Magic Eden built on Solana, its future looks promising. However, network stability and competition remain key concerns.