Solana

Solana is a highly functional open source project that banks on blockchain technology’s permission-less nature to provide decentralized financedecentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

The Solana protocol is designed to facilitate decentralized appdecentralized app (D-App) creation. It aims to improve scalability by introducing a proof-of-historyproof-of-history (PoH) consensus combined with the underlying proof-of-stakeproof-of-stake (PoS) consensus of the blockchain.

StakingStaking – Allows its holders to earn rewards for maintaining and securing the network;