Solana Basic Concepts
What is Solana?
Solana is a high-performance public blockchain platform, renowned for its fast processing speed and low transaction costs. It can handle thousands of transactions per second, making it an ideal platform for decentralized applications (DApps).
Core Features
- High Performance: Capable of processing over 65,000 transactions per second
- Low Fees: Extremely low transaction costs, typically less than $0.01
- Scalability: Supports large-scale applications without requiring layer-2 solutions
- Eco-friendly: Uses Proof of Stake (PoS) consensus mechanism, resulting in low energy consumption
Basic Concepts
SOL Token
SOL is the native token of the Solana network, used for:
- Paying transaction fees
- Participating in network staking
- Governance voting
Account System
Solana's account system includes:
- Wallet Accounts: For storing and managing assets
- Program Accounts: For storing smart contract code
- Data Accounts: For storing program data
Transaction Confirmation
Solana uses an innovative Proof of History (PoH) mechanism for processing transactions:
- Fast transaction confirmation
- Typically completes within seconds
- High degree of finality