By Scoop
June 20, 2022 · less than 3 min read

  • Solana is a proof-of-stake cryptocurrency with smart contract capabilities including DeFi dApps and NFTs.

  • Solana boasts a theoretical throughput of 65,000 transactions a second with near zero fees.

  • The boom in the DeFi and NFT spaces have pushed by extremely high Ethereum causing crypto users to seek other options like Solana.

  • Solana has been at the center of controversy in the crypto industry as skeptics claim its transaction speed are only possible because the chain has sacrificed decentralization.

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