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Solana, launched in 2020, is designed to offer much higher “base layer” transaction throughput capabilities compared to other popular Layer 1 (L1) blockchains like Ethereum and Bitcoin.
The network's ability to facilitate near-instant transactions at extremely low costs and with significant energy efficiency has made Solana an attractive platform for developers and users alike, driving its major resurgence since 2023.
Solana is a high-performance L1 blockchain that uses Proof-of-History (PoH), a variant of Proof-of-Stake (PoS), to optimize transaction processing.
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