By dalz on Skatehive
The Solana chain has gone through a roller coaster ride. It has been one of the main stars of the bull run since 2021, reaching the top 5 in token valuation and close to 100 billons market cap. Then it went through a massive depression phase with the price going down more than 95%, and in the last bull market has emerged strong again. Once again a drop in the recent months, but a bit smoother this time. Let’s see how the network activities are doing under the current market conditions. Solana has some unique tech. It is a sort of hybrid between Proof of Stake (PoS) and a novel concept that they call Proof of History. There is a lot to say about the proof of history concept, but in short here we will just mention that it is a concept that checks all the transactions in the right order/sequence. The Solana blockchain works with slots for periods of time, in which the chosen validators confirm the transactions. Solana has a reputation for being one of the fastest blockchains, with a theor