What is Solana Cryptocurrency?
Solana was founded in 2017 by veteran computer scientist Anatoly Yakovenko. Solana was built by solana software company based in San Diego CA which raised over $25 million between multiple sales of the soul coin in 2019 and 2020. Like most cryptocurrency projects solana is owned and operated oversees by the solana foundation, a non profit based in Switzerland which commissions solana labs to maintain solana blockchain. Solana blockchain can process transactions at speeds comparable to traditional payment processors, official figures range from 50 to 65,000 TPS now this is all thanks to salon’s unique proof of state, which uses a decentralised time keeping mechanism called proof of history, to timestamp transactions. Solana also has a novel architecture which divides validator notes on the blockchain into DAP, specific clusters solana staking rewards are about 7% per year for both validators and delegators with a five day unlock. Miss behaving validators will eventu...