By marketwatcher1 on Skatehive
Solana: A Scalable Blockchain for High-Speed Finance Introduction to the topic • Solana was founded in 2017 by Anatoly Yakovenko with the goal of solving a key problem in blockchain systems: slow transaction processing due to lack of time synchronization. By introducing a system called Proof of History (PoH), Solana created a high-performance blockchain capable of handling large-scale financial applications. Today, it is considered one of the fastest Layer-1 blockchains and is increasingly used by institutions. Origin and Development (2017–2020) The Problem• Traditional blockchains are slow because all nodes must agree on the order of transactions before processing them. The Solution: Proof of History (PoH) Proof of History acts like a built-in clock for the blockchain. It allows transactions to be processed in parallel without waiting for full network agreement at every step. Founding Team• Anatoly Yakovenko Greg Fitzgerald Raj Gokal Eric Williams Launch Details• Mainnet Launch: March