Key Takeaways
- Solana is an open source project implementing a high-performance, high-speed, permissionless blockchain.
- Solana uses a combination of Proof of History and Proof of Stake which enables the blockchain to work fast while maintaining security and decentralization.
- The Solana network is capable of a throughput of 710,000 transactions per second. Ethereum’s throughput is around 16.5 TPS.
- Solana blocktime (time it takes to create a new block) is 400 milliseconds, Eth is 10 seconds, BTC is around 10 minutes.
MISSION
"Solana’s mission is to support all high-growth and high-frequency blockchain applications and to democratize the world’s financial systems."
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