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ABOUT

Solana

https://solana.com/

https://coinmarketcap.com/currencies/solana


Sector: Smart Contracts

Type: Blockchain

Ledger start: July 2019
Founders: Alan Yu, Anatoly Yakovenko
Eric Williams, Greg Fitzgerald, Raj Gokal
Stephen Akridge
Symbols: SOL

Solana (SOL) is a single-chain delegated-Proof-of-Stake protocol founded by former Qualcomm Intel and Dropbox engineers in late-2017 focus on delivering scalability without sacrificing decentralization or security.Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH) built to solve the problem of time in distributed networks in where there is not a single trusted source of time. By using Verifiable Delay Functions PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network improving overall network efficiency.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.Solana's mission is to support all high-growth and high-frequency blockchain applications and to democratize the world’s financial systems.; Smart Contract Platforms.