{"description":"<div>\n<p>Solana was officially launched in March 2020 by the Solana Foundation headquartered in Geneva (Switzerland).<\/p>\n<p>Like Ethereum and others, Solana aims to use smart contract technology to create decentralized applications (dApps) &ndash; however defers in its design principles to address common problems with the earlier blockchains such as transaction settlement speed and bandwidth.<\/p>\n<p>Among those design principles, Solana utilizes proof of history timing mechanism within a proof of stake protocol structure.This concept allows for greater scalability of Solana, which in turn boosts usability.<\/p>\n<p>The native programming language in Solana is Rust &ndash; emphasizing performance and reliability over ease of use. This means that developing for Solana is harder than Ethereum (which uses Solidity), but also can produce more reliable dApps.<\/p>\n<p>Solana aims positions itself as an incredibly fast, secure, and scalable blockchain network with low transaction costs when executing transaction and smart contract.<\/p>\n<\/div>","rankedCrypto":[{"coingeckoId":"polkadot","sortingRank":5},{"coingeckoId":"chiliz","sortingRank":3},{"coingeckoId":"apecoin","sortingRank":2},{"coingeckoId":"decentraland","sortingRank":1},{"coingeckoId":"internet-computer","sortingRank":0}],"cryptoCategories":{"Decentralized Finance (DeFi)":["uniswap","compound-governance-token","aave","lido-dao"],"Entertainment":["decentraland","chiliz","axie-infinity","apecoin","immutable-x"],"Currency":["stellar","ripple","litecoin","dogecoin","bitcoin-cash","bitcoin"],"Smart Contracts":["polygon-ecosystem-token","tezos","solana","polkadot","ethereum","cosmos","cardano","avalanche-2","algorand","hedera-hashgraph"],"Computing":["filecoin","chainlink","render-token","the-graph"]},"region":["CH","DE","AT"],"sophisId":154964193,"coingeckoId":"solana"}