Wat is Solana

Solana appeared in 2017 thanks to the efforts of developers and software engineers from California and the CIS. Behind their talents is work in Qualcomm, Dropbox, and in the field of compression algorithms. Solana was first created by Anatoly Yakovenko, who was later joined by Eric Williams and Greg Fitzgerald. They set themselves to increase the network bandwidth and make it more heavily loaded and faster. The leading cryptocurrencies, Bitcoin and Ethereum, are still facing similar problems.

The work was carried out so thoroughly that after the very first real tests, large investors appeared on the horizon, such as CMCC Global, Foundation Capital and others.

An interesting point of the project is that the SOL altcoin is based on a unique synchronised mechanism. It assigns a timestamp to each operation, which means that miners and bots can no longer determine the order of records in the blockchain network.

If you follow the ambitious positioning of the creators, Solana is a global market, similar to the New York Stock Exchange. It is open, fair, and free from any censorship.

By mid-2021, more than 272 million Solana coins had been released to the market. Less than half is left before the final number: in total, it plans to issue about 488.6 million tons.