Solana is a public blockchain platform. Bloomberg considers Solana to be “a prospective long-term competitor for Ethereum”.
On 14 September 2021, the Solana blockchain went offline after a surge of transactions triggered the network to fork, and different validators had various views on the state of the network. The network was successfully revived online early on 15 September.
The Solana platform has actually ended up being progressively popular as of October 2021 because of the viewed mining efficiency and scalability, i.e., the understanding that the blockchain will be reasonably easy to use when lots of computers are running it. Especially, the viewed scalability leads numerous to believe it will be an effective DeFi platform. Solana’s scaling ability, conveniently handling roughly 50,000 transactions per 2nd, is likewise much faster than significant competitors.
