Solana

101.49 $ ?

Solana Information


What is Solana Solana is a high-performance cryptocurrency blockchain which supports smart contracts and decentralized applications. It uses a proof of stake consensus mechanism with a low barrier to entry along with timestamped transactions to maximize efficiency.This allows Solana to process 50-65 000 transactions per second with a theoretical limit of over 700 00 transactions per second (compared to Bitcoin’s 7 TPS and Ethereum’s 15 TPS). In contrast to other similar projects such as Polkadot.The team at Solana has designed their blockchain with a long-term vision in mind. This comes from founder Anatoly Yakovenko’s own experience watching telecommunications technologies almost double in capability every year during his time at Qualcomm.Solana is developed by a company of the same name which is based in San Diego, California. The Solana team consists of former Qualcomm, Google, Apple, Microsoft, and Dropbox employees. In addition to being based on similar database technologies used by Google and Microsoft, Solana’s architecture is also inspired by Filecoin, a decentralized data storage cryptocurrency project.How does Solana Work?Disclaimer: Solana is incredibly complex. Start with a term you may have heard if you have looked at the project before: Proof of History (PoH). PoH is not a consensus mechanism. Rather, it is a component in Solana’s Proof of Stake consensus. PoH involves timestamping transactions when they are added to a Solana block. A new block on Solana is generated every 400ms (compared to Ethereum’s roughly 15 seconds and Bitcoin’s 10 minutes).Without getting into too much detail, the decentralized clock which is used as reference for the timestamps is the SHA256 hash function. SHA256 may sound familiar because it is used in Bitcoin’s Proof of Work consensus mechanism. However, instead of working to “solve” the hash functions to produce a new block, Solana instead uses SHA256’s repetitive outputs as reference – timestamps. This produces a sort of “clock tick” where each clock tick is 400ms (instead of one second like a regular clock). 

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USDT Market Price Change (24H) Market Cap Last 7 Days
101.49 $ 0 % 33.28 Billion $
0.07743 $ 0 % 34.30 Million $
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0.02998 $ 0 % 8.59 Million $
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The global cryptocurrency market capitalization has dropped below the 800 billion region for the first time in 691 days or since December 30 2020. Bitcoin has dipped below the 16K region dropping 5.12 over the past 24 hours and the second leading crypto asset ethereum shed 7.61 on Monday dropping below the 1100 range.Crypto Economy Sheds More Than 4 over the last day Bitcoin Drops Below 16K Ethere

The global cryptocurrency market capitalization has dropped below the 800 billion region for the first time in 691 days or since December 30 2020. Bitcoin has dipped below the 16K region dropping 5.12 over the past 24 hours and the second leading crypto asset ethereum shed 7.61 on Monday dropping below the 1100 range.13Crypto Economy Sheds More Than 4 over the last day Bitcoin Drops Below 16K Ethe

According to the CEO of CME Group Terry Duffy the executive met with former FTX CEO Sam BankmanFried SBF last March at a conference and Duffy ended up calling the FTX frontman a fraud. When Duffy sat down with SBF the former FTX executive said his end goal was to compete with CME Group.Last March CME Groups Terry Duffy Called SBF a 8216Fraud and Says He Was the Only One Besides ICE to Call 8216BS