Solana is a decentralized blockchain network that enables high-throughput transactions and innovative solutions to the scalability problem. The Solana network has a throughput of up to 7000 transactions per second, making it one of the fastest blockchains in existence. Solana also uses a unique Proof-of-History algorithm that allows the network to retain a full history of all transactions, eliminating the need for costly and wasteful proof-of-stake mechanisms. So, if you’ve ever asked yourself, “where can i buy sol?” the thing blog post is for you.
What are the benefits of buying Solana?
1) Solana has a very strong team
Solana has a team that has extensive experience in finance, engineering, and business management. The rest of the Solana team comprises engineers and entrepreneurs, including Coinlist Andy White and Microsoft’s former head of market development. In addition, Solana is backed by a strong advisory board. This makes it one of the best blockchains with the most impressive team in the market right now.
2) Solana has a working blockchain network
The Solana testnet was released in May 2018, making it one of the first blockchain networks to go live. The team has also conducted stress tests of the Solana network and recorded a maximum throughput of up to 588000 transactions per second. By contrast, Bitcoin has a maximum throughput of only 3-7 transactions per second, while Ethereum manages 20 transactions per second.
3) Solana is designed from the ground up for fast and efficient processing of large amounts of data
Solana implements a Proof-of-History (PoH) algorithm that uses proof of time and storage to verify transactions to achieve fast transaction speeds. This makes the network resistant to quantum computers, which cannot break either of these proofs. In addition, every node stores a full history of all transactions on the blockchain, eliminating the need for wasteful proof-of-stake mechanisms that require massive overhead.
In conclusion, Solana is an innovative blockchain network well-positioned to solve the scalability problem. Moreover, its strong team and unique Proof-of-History algorithm make it a great long-term investment for those looking to buy cryptocurrency.