Solana is an open-source blockchain platform created in 2017 by former Qualcomm executive Anatoly Yakovenko. The primary objective of Solana is to significantly enhance the scalability of blockchain technology, exceeding the performance of popular blockchains while keeping costs low. This is achieved through a hybrid model that allows the Solana network to theoretically process over 710,000 transactions per second (TPS) without the need for additional scaling solutions.
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