Read through and complete the quiz to claim your prize
Solana is a high-speed single-layer blockchain, currently supporting peak capacity of 65k transactions per second and 400ms block times with over 50 nodes. It is specifically built to scale transaction throughput with Moore’s Law. There is no sharding required to achieve this throughput.
- Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralisation or security.
- At the core of Solana’s scaling solution is a decentralised clock titled Proof-of-History (PoH), built to solve the problem of time within distributed networks.
- The protocol is designed to scale together hardware and bandwidth improvements, with capacity expected to double every 2 years.
- Development of the network was supported by fundraising of over $25 million from notable investors including Multicoin Capital, Foundation Capital, Distributed Global, CMCC, Blocktower Capital, NGC Capital and Rockaway Ventures.
Solana’s mission is to be the obvious choice for all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems.
SOL is the native token of the Solana blockchain. Community tokens are held by the Swiss Foundation, which is run by an independent board. This token pool is used for bounties, incentives programs, marketing, and grants.
8 core innovations enable your business scale to billions of users and devices around the world
Don’t choose between scale, security, and decentralization. Solana has solved the trilemma for you. No sharding required. Here’s how.
Proof of History (PoH) →
A clock before consensus
Tower BFT →
A PoH-optimized version of PBFT
A block propagation protocol
Gulf Stream →
Mempool-less transaction forwarding protocol
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