Solana was built to be a high transaction speed, low-cost smart contract platform, which processes “30 million transactions per day,” making it “more than all other chains combined
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Macro forces such as the Fed’s hawkish monetary policies and the collapse of the $40 billion “algorithmic stablecoin” project Terra (LUNA) — now renamed Terra Classic (LUNC) — have sent the crypto market into a tailspin. As a result, Solana, like any other risky asset, has suffered declines across its financial and network usage metrics in 2022.
Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko.
Launched in 2020, the Solana network has suffered a number of network outages, which have come from a number of different congestion and spam events, according to Yakovenko.
Solana (SOL) Relief Rally Price Targets. SOL Price Chart Analysis and Price Prediction 2022
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