Solana is a high-throughput blockchain that supports the creation of a multitude of different types of crypto apps. Its blockchain utilizes a Proof-of-History (PoH) source of time for its transactions. For its consensus mechanism, it uses a Proof-of-Stake protocol that sees increased efficiency from its PoH timekeeping method.
Solana was founded in 2017 by Anatoly Yakovenko, and was officially launched in 2020 by the non-profit organization the Solana Foundation. Like many newer blockchain platforms, Solana’s mission is to provide an ecosystem for the creation of dApps that is scalable and gets around the system bottlenecks we’ve come to know on PoW platforms.
