Solana is a fast, open-source blockchain platform that supports various applications, including the minting and trading of non-fungible tokens (NFTs), the development of decentralised finance (DeFi) platforms and the creation of blockchain-based games.
Unlike early cryptocurrencies, which rely on energy-heavy systems, Solana uses a unique Proof of History (PoH) mechanism to process transactions quickly.
Thanks to its unique Proof of History algorithm, Solana has become well known for its fast and affordable transactions, while Solana Pay, the network’s innovative framework, enables direct, hassle-free payments between customers and merchants.
To learn more about Solana, take a look at our “What is Solana?” article.
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