$SOL

🚨How Solana works🚨

Core to Solana's scaling solution is a decentralised clock titled proof of history, built to solve the problem of time in distributed networks where there is not a single, trusted source of time. By using verifiable delay functions (VDF), PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency. One of its SOL’s biggest advantages is its scalability. Solana is able to process over 700,000 transactions per second. Its high throughput capability appeals especially to high-frequency traders. The first use case for DeFi application on Solana was Serum, built by the team behind FTX.

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