Uniqueness of Solana

Uniqueness of Solana

The Solana blockchain is capable of processing a transaction at a very high speed which is reported to be 65,000 transactions per second and the average cost per transaction is $0.00025.

That is not just wonderful but exceptional. Solana does this awesome performance because it uses proof of history which is a unique algorithm to validate transactions.Most of the blockchains use either proof of work or proof of stake consensus mechanism.Among the two consensus mechanisms,proof of stake is the more efficient option.

Solana Blockchain makes use of a hybrid consensus mechanism which consists of proof of stake and proof of history for even a faster processing speed.

Solana can do many things , and guess what , it is an open source blockchain which means that developers can use it to create and build whatever that they want.

Users can do a lot in the ecosystem such as

• Minting,selling and buying non fungible token ( nfts)

• Development of decentralized finance (defi) such as exchanges.

• Building of web3 applications such as games.