3 things about Solana you might not know

1) Solana is the most competitive Ethereum competitor

The Solana is theEthereum Killer the most illustrious. We’re talking aboutEthereum Killer to refer to smart contract blockchains that try to attract new users by offering innovative features at lower fees than Ethereum.

Solana is a smart contract blockchain that has quickly established itself as one of the biggest rivals of Ethereum. The evolution of its market capitalization reflects its competitiveness. In 2021, the Solana rose from the shadows to become a top 10 cryptocurrency on CoinMarketCap.

Solana enables the development of Dapps, including games, DeFi platforms and NFT.

2) Solana uses an innovative consensus mechanism called Proof of History (PoH)

Only actors holding a given amount of tokens can verify transactions on a Proof of Stake (PoS) blockchain.

Solana on the other hand uses Proof of History (PoH), which is a faster mechanism than PoS. PoH validation is a new method of transaction processing that promotes faster validation time. To process transactions quickly, Solana has included timestamps in its validation methodology. Since it is not necessary for each SOL stake node to verify a transaction, this consensus method is more open and more democratic.

3) More than 1000 DApps have been created on Solana

Ethereum has been around since 2015 and continues to host the vast majority of decentralized applications. This can be explained by the fact that the coders are already familiar with the Ethereum infrastructure and programming language.

However, other networks are catching up, and Solana is one of the most popular. Solana has grown from a low of around 300 Dapps in 2021 to over 1000 DApps operating on the network currently according to the Trading-education.com site. They include everything from DeFi projects to NFTs.

The DappRadar site lists the Solana DApps the most illustrious to discover.

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