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 from 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 year it has emerged strong again. The market cap and the price of the token have increased as well. 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 theoretical po