Solana was developed from scratch to support high-speed transactions, making it a worthy alternative to Ethereum in Web3 social networking, real-time financial services and other areas where speed matters. Solana’s technology relies on innovative systems engineering techniques, software optimization and high performance networking resulting in thousands of transactions being processed per second (TPS).
Solana’s revolutionary innovation, Proof of History (PoH), serves as a cryptographic time stamp that dramatically decreases communication overhead among validators. Paired with Solana’s Tower Byzantine Fault Tolerance consensus and other scalability features, PoH enables Solana networks to sustain tens of thousands of TPS under optimal conditions.
Solana’s team of systems engineers made use of expertise in high-performance systems engineering to optimize its software for efficiency and scalability, including implementing the QUIC data transfer protocol, stake-weighted Quality of Service for validators, and local fee markets to distribute priority fees to validated nodes. This allowed Solana to successfully resolve issues such as 17-hour outages and delays in transaction finality while supporting rapid expansion within their ecosystem.
Solana stands out from competing networks by virtue of its impressive scalability and its low transaction fees — typically only a fraction of those charged by competing networks. These affordable transaction costs enable people to send international money transfers as easily as sending text messages; and developers to build apps with high usage without incurring transaction costs that eat away at profits.
Since Solana’s mainnet beta launch in March 2020, the platform has rapidly evolved into a vibrant community for developers and users. DApp and NFT marketplaces as well as decentralized finance (DeFi) projects have thrived on Solana. Solana is also becoming popular for meme coins such as Degenerate Ape Academy and Monkey Business projects already boasting robust communities on this space.
Solana has attracted new users through its focus on user experience (UX). Its high throughput can handle thousands of TPS transactions per second (TPS), making it one of the fastest blockchains and making possible real-time applications such as trading platforms and decentralized games to run efficiently on it.
Solana maintains composability between various ecosystem projects by using one global state across all nodes to eliminate sharding or any other Layer-2 solutions, while its audited, enterprise-grade security and development freedom make it an attractive option for developing DeFi and other blockchain applications. Tristan Frizza, co-founder and core systems engineer of Solana has led development of Zeta Markets on Solana; currently spearheading an SDK rollup campaign to further optimize network performance and user experience on Solana network – in his case leading development of Zeta Markets which was led by him and Tristan Frizza while currently spearheading an SDK rollup SDK rollup SDK rollup SDK rollup initiative for solana rollup SDK improvement of Solana network performance.
