What Is Solana (SOL)? : A Complete Beginners Guide Solana (SOL) - The Outline Solana is a blockchain platform that is open to the public. It's decentralized and open-source, with consensus-based on proof of stake and proof of history. With its own cryptocurrency, SOL, it promises to be able to allow peer-to-peer transactions at a rate of 50,000 transactions per second.
Anatoly Yakovenko is Solana's founder and CEO. According to Bloomberg, Solana is "A potential long-term rival for Ethereum," which is the world's leading NFT art transaction platform. Solana, like Ethereum, has the ability to communicate with smart contracts. In the first nine months of 2021, the value of Solana increased two hundred times faster than the value of bitcoin, increasing by moreover 13,000 percent.