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What is Solana?

Solana is a highly active open-source project that provides decentralised finance (Defi) solutions by banks on blockchain technology. In March 2020, the Solana Foundation started officially with a Headquarters in Geneva, Switzerland, while the idea and initial work on the project began in 2017.


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Anubha Singh

4 months ago | 1 min read
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Solana is a highly active open-source project that provides decentralised finance (Defi) solutions by banks on blockchain technology. In March 2020, the Solana Foundation started officially with a Headquarters in Geneva, Switzerland, while the idea and initial work on the project began in 2017.

The Solana protocol facilitates the creation of a decentralised application (DApp). It aims to improve scalability by establishing proof of history (PoH) consensus and the proof-of-stake consensus (PoS) underlying the blockchain.


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