Huniko Team
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What is Solana and how does it differ from other blockchains like Ethereum? |
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Answered by
Tvenus
Jul 15, 2024
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Solana is a high-performance blockchain supporting smart contracts and decentralized applications. |
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Answer selected by
GoldTaro
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Solana is a high-performance blockchain supporting smart contracts and decentralized applications.
It uses a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS) to achieve high throughput and low latency.
Unlike Ethereum, which faces scalability issues and high gas fees, Solana can handle thousands of transactions per second at a fraction of the cost.