Solanais a decentralized finance (DeFi) solutions that provide high performance, open source, permissionlessBlock chainIt developed the world's first decentralized clock, adding timestamps to the transaction validation process and improving scalability. Solana's native cryptocurrency is Solana Coin (SOL)so,smart contractThe project was developed by software engineer Anatoly Yakovenko, along with Greg Fitzgerald, Stephen Akridge, and three other team members, which led to the creation of Solana Labs.
2017 years,SolanaThe network published a whitepaper and conducted five Initial Coin Offerings (ICOs), successfully raising over $5 million to fund the launch of the SOL token and distribution on major cryptocurrency exchanges.
Solana (SOL) Market Information
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Solana 2024: Leaping into a new era
As Solana looks ahead to 2024, it has laid out its strategic vision with innovation, developer engagement, and network scalability at its core. It has designated XNUMX as the "Year of Solana," setting key milestones and future goals.
Expanding the developer community
The Solana ecosystem has seen a notable increase in developer activity, with over 2,500 active developers contributing to open source repositories and a year-over-year increase in developer retention from 31% to over 50%.PythonWith the introduction of programming frameworks such as these and the availability of SDKs in 10 languages, the foundation for the development of diverse dApps is being built.
Game Changer: GameShift API
Developed by Solana Labs, the GameShift API aims to transform the gaming space on the Solana blockchain. The tool is seen as a major innovation in the gaming industry.
Web3-specific smartphone
「Saga」、Solanaが提唱するWeb3特化型スマートフォンの導入も注目に値します。このデバイスは、デジタルアセットの管理、スマートコントラクトの実行、そして分散型アプリケーション（DApps), providing users with a true Web3 experience. This advanced smartphone is based on blockchain technology.Everyday lifeThis will further deepen integration into the digital economy, paving the way for users to participate more directly in the digital economy.
Future prospects
- Introducing Token Extensions: Complex and multi-faceted token economics.
- Firedancer: A new independent validator client developed by Jump Crypto, aiming to support high transaction volumes and increase network throughput, resilience, and efficiency.
- Development of Runtime v2: This initiative from Solana Labs aims to significantly improve network performance and developer experience.
Solana's Commitment
Committed to innovation and community engagement, the Solana Foundation is poised to usher in 2024 as the "Year of Solana" as we continue to forge ahead with the support of our community to solidify our position as the premier platform for blockchain development.
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Solana's basic structure and future goals
The Solana Foundation is committed to making decentralized finance (DeFi) accessible to more people. At its core is the Proof-of-Stake (PoS) consensus mechanism, which rewards node holders with additional coins based on the amount of coins staked over a period of time. This contributes to the overall improvement of the network, while also enabling users to use Solana to develop decentralized applications (DApps) and DeFi platforms.
Proof of History (PoH): A Solana feature
PoH is a system for validating transactions over time, producing a unique output every 400 milliseconds. It utilizes a SHA-256 hash function, using the result of the transaction as input for the next hash. This system allows nodes to find a valid timestamp despite different local times, reducing mining errors.
Solana Innovation
- Tower BFT: We improve pBFT so that nodes do not need to vote for every transaction, but can instead retain previous votes and act automatically.
- Gulfstream: Non-leader nodes validate transactions, speeding up transaction throughput.
- Sea Level: Smart contracts can be executed in parallel without interruption.
- Turbine: Splits transactions into smaller parts, allowing nodes to receive information faster with less bandwidth.
- Cloudbreak: Access and interpret data simultaneously, using older versions as backups.
- pipeline: It utilizes hardware structures to direct transaction information to designated hardware, streamlining block validation.
- Archiver: A feature that allows leader nodes to quickly access data stored on the network.
SOL Token: The Heart of Solana
SOL is the native token of the Solana network and is used for remittances and interactions with smart contracts. The network can reduce the circulation of tokens by burning them, and users can become part of the network validators. It has grown in market capitalization and ROI, and is currently one of the top cryptocurrencies.
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