Solana (SOL) claims to be the fastest blockchain in the world with 400 millisecond block times, and as hardware gets faster, so does the network. Solana is also the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more. 

It is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance solutions. It ensures transactions remain less than US$0.01 for both developers and users, as well as composability between ecosystem projects by maintaining a single global state as the network scales, so you don’t have to deal with fragmented Layer 2 systems or sharded chains. 

The Solana protocol is designed to facilitate decentralized app creation. Besides, it aims to improve scalability by introducing a proof-of-history consensus combined with the underlying proof-of-stake consensus of the blockchain.

Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.

The Solana protocol and its token were released to the public in 2020. It all started in 2017, when Anatoly Yakovenko started working on a project which would later materialize as Solana. Yakovenko published a whitepaper describing Proof of History, a technique for keeping time between computers that do not trust one another. From Anatoly’s previous experience designing distributed systems at Qualcomm, Mesosphere and Dropbox, he knew that a reliable clock makes network synchronization very simple. When synchronization is simple the resulting network can be blazing fast, bound only by network bandwidth. Later on, he teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded Solana Labs. 

According to CoinMarketCap, Solana’s price at the moment of writing this article is US$152,39 with a 24-hour trading volume of US$2.239.080.121. The crypto-asset is currently ranked number 5 in CoinMarketCap’s ranking, with a live market cap of US$47.510.556.305. It has a circulating supply of 311.778.397 SOL coins and the maximum supply is not available.If you would like to know where to buy Solana, the top cryptocurrency exchanges for trading in Solana stock are currently Binance, Huobi Global, OKEx, Mandala Exchange, and FTX.