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Introduction to Solana

Solana is a public base-layer blockchain protocol that is best suited for decentralized computing and creating decentralized applications (dApps). By design, this protocol is near-perfectly optimized for scalability. As a result, devs do not need to design around performance bottlenecks. It uses the Proof of History (PoH) – a new cryptographic mechanism that amplifies scalability while maintaining network security.

What is Solana

Solana Basics

https://medium.com/stakin/a-quick-introduction-and-overview-of-solana-c18335bed636

What is SOL token

SOL is the native cryptocurrency of Solana. It functions as a utility token. When making transfers or engaging with smart contracts, users pay SOL as transaction fees. As part of its deflationary strategy, the network burns SOL. Holders of SOLs can also serve as network validators. Solana, allows developers to establish smart contracts and blockchain-based projects.

The SPL protocol is used by SOL. SPL is the Solana blockchain’s token standard, which is comparable to Ethereum’s ERC20.

What are Smart Contracts

Smart contracts are small computer programs that are replicated and processed on all the computers on the Blockchain network without a central coordinator. Smart Contracts allow you to program contracts that can be automatically enforced by computer code.

Solana is optimized for scalability. Does it have an edge over other blockchains? Find out by yourself in the article. https://solana.com/solana-whitepaper.pdf https://grayscale.com/wp-content/uploads/2021/12/grayscale-building-blocks-solana-1.pdf

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