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"It is possible for a centralized database to process 710,000 transactions per second on a standard gigabit network if the transactions do not exceed, on average, 176 bytes. A centralized database can also replicate itself and maintain high availability without significantly compromising this transaction rate by using the distributed system technique known as optimistic concurrency control" [H.T.Kung, J.T.Robinson (1981)].

40 years later, Anatoly Yakovenko, applying these principles to decentralization, gave birth to the fastest blockchain in the world: Solana.

Able to manage (for the moment), about 65,000 transactions per second, about 4333 times faster than Ethereum, Solana occupies the first place of the podium of the fastest blockchains in the world. Couple this with extremely low transaction fees, due to the consensus used, the Proof Of History (we won't go into details, but compare this to the Proof Of Stake, in which validators stake their crypto-currencies to validate transactions), and you get a super-powerful blockchain, and 1st choice for speed and user experience lovers.

Many DeFi projects have made it their first choice blockchain for the development of their applications: about $14 billion invested in Solana. Currently, the SOL crypto-currency is trading at $230, with an increase of 17,000% since 1 year, and a theoretical limit of 710,000 tps foreseen by its creator for the next few years (Solana processing transactions faster as the hardware evolves).

Currently 5th in the market caps ranking, there is no doubt that Solana will be more and more talked about in the future.

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Solana(CRYPTO:SOL) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Solana is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Solana(CRYPTO:SOL) Frequently Asked Questions

What is Solana stock symbol?

Solana is a OTC stock, trading under the symbol CRYPTO:SOL on the (). It is usually referred to as or CRYPTO:SOL

Is Solana a buy or a sell?

In the last year, 1 stock analyst published opinions about CRYPTO:SOL. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Solana.

Is Solana a good investment or a top pick?

Solana was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Solana.

Why is Solana stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Solana worth watching?

1 stock analyst on Stockchase covered Solana In the last year. It is a trending stock that is worth watching.

What is Solana stock price?

On 2021-12-05, Solana (CRYPTO:SOL) stock closed at a price of $202.12.