Welcome back to another podcast episode!
Today’s topic will take you head-first into what Solana is – so let’s dive right in!
What Is Solana?
The Solana network is a 4th gen blockchain that aims to address the blockchain trilemma or the problem of constructing a fast and scalable network without sacrificing security or decentralization.
The protocol includes eight fundamental technologies that allow transactions to expand according to bandwidth, delivering in transaction speeds that are the best offered in the market and corporate-level security.
Solana is a web-scale, open-source blockchain technology that helps developers and organizations build decentralized applications (DApps) and marketplaces around all over the globe. Solana’s protocol is fast, secure, and resistant to censorship, allowing developers to create apps for mass adoption with the flexibility of an open infrastructure.
This high-performance blockchain delivers the fully decentralized, secure, and adaptable infrastructure that DApps and decentralized marketplaces of the future will require. It makes use of a combination of ground-breaking processing technologies that can handle thousands of nodes.
To boost performance and scalability, Solana employs a combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus techniques. As a result, the network claims to be capable of 50,000 transactions per second (TPS), earning it the rank of the world’s fastest blockchain.