What is the history of Solana?

Solana was proposed in a white paper Anatoly Yakovenko published in November 2017. This paper described a technique called "proof of history". [3] [better source needed] Solana's first block was created on 16 March, 2020. [4] In September 2020, Tether announced the availability of USDT on Solana. [5] [non-primary source needed]

How does Solana work?

Instead of validator nodes, Solana uses validator clusters, where groups of validators work together to secure the blockchain and move transactions. 7 As of September 2022, Solana has processed over 100 billion transactions at an average cost of $0.00025 per transaction. 8

Why did Solana surge in January?

Despite a temporary dip caused by the FTX bankruptcy, Solana saw a sharp surge in January and is now back with a bang. The SOL coin rejoined the uptrend with 100% massive gains. But why did Solana experience this meteoric rise? And will it continue?

What is the price of Solana?

The price of Solana has surged from $0.75 to a high of $214.96 in early September. The introduction of NFTs on the Solana network has helped increase awareness of the cryptocurrency and also the valuation of the cryptocurrency. Degenerate Ape Academy is one of the most well-known Solana NFT projects. The NFT project sold 10,000 apes in 10 minutes.