Founded in 2018 by Anatoly Yakovenko and Raj Gokal and launched in 2020, Solana is a delegated proof-of-stake blockchain designed for high performance and mass adoption. With extremely low transaction costs, a wide range of decentralized applications, and an active user and developer community, Solana has amassed nearly 300 billion transactions and more than $4 billion in total locked value. In addition, Solana continues to stand out among projects, with recent highlights including a large number of high-profile token launches, various projects migrating to Solana, key innovations such as the release of token extensions, and use cases unique to Solana such as order books, batches, etc. NFTs, DePINs, memecoins, and more.

The foundation of Solana's success is its technological excellence, which we believe provides sustainable competitive advantage in three particularly salient ways. The first is Solana’s proof-of-history, which provides validators with a concept of time. Similar to how mobile towers alternate transmissions to avoid interference, proof-of-history allows validators to generate blocks when it is their turn without the network having to reach consensus on the current block first, resulting in huge speed and scalability benefits. Second, unlike the single-threaded virtual machines that currently underlie the cryptocurrency space, Solana supports parallel transaction processing, not only dramatically improving throughput but also taking advantage of a major source of increases in computing speed. Most of today's performance gains come from adding more cores. Rather than improving the performance of each core. Finally, while Solana's historically high hardware and bandwidth requirements have sacrificed decentralization to some extent to optimize speed and security, as costs decline (Moore's Law), Solana will naturally benefit from this and perhaps become the third A project that truly solves the blockchain trilemma and finally realizes its vision of synchronizing global states at the speed of light.

Founded in 2018 by Anatoly Yakovenko and Raj Gokal and launched in 2020, Solana is a delegated proof-of-stake blockchain designed for high performance and mass adoption. With extremely low transaction costs, a wide range of decentralized applications, and an active user and developer community, Solana has amassed nearly 300 billion transactions and more than $4 billion in total locked value. In addition, Solana continues to stand out among projects, with recent highlights including a large number of high-profile token launches, various projects migrating to Solana, key innovations such as the release of token extensions, and use cases unique to Solana such as order books, batches, etc. NFTs, DePINs, memecoins, and more.

The foundation of Solana's success is its technological excellence, which we believe provides sustainable competitive advantage in three particularly salient ways. The first is Solana’s proof-of-history, which provides validators with a concept of time. Similar to how mobile towers alternate transmissions to avoid interference, proof-of-history allows validators to generate blocks when it is their turn without the network having to reach consensus on the current block first, resulting in huge speed and scalability benefits. Second, unlike the single-threaded virtual machines that currently underlie the cryptocurrency space, Solana supports parallel transaction processing, not only dramatically improving throughput but also taking advantage of a major source of increases in computing speed. Most of today's performance gains come from adding more cores. Rather than improving the performance of each core. Finally, while Solana's historically high hardware and bandwidth requirements have sacrificed decentralization to some extent to optimize speed and security, as costs decline (Moore's Law), Solana will naturally benefit from this and perhaps become the third A project that truly solves the blockchain trilemma and finally realizes its vision of synchronizing global states at the speed of light.