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Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning defi, nfts, web3 and more. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. with lightning fast processing times, solana has attracted a lot of institutional interest as well. Solana is a blockchain platform for decentralized apps. it's an open source project maintained by the geneva based solana foundation, and built by developers at san francisco based solana labs. Solana is called a high speed blockchain because it achieves block times of 400 ms and is capable of handling more than 50,000 transactions per second because it uses a proprietary timestamping system: proof of history (poh) the core team behind solana is high profile with former employees from qualcomm, apple, dropbox, intel, microsoft, etc. Sol is solana’s native and utility token, used to stake and to pay for transaction fees. it is an inflationary token but designed with a decreasing supply and a 1.5% annual inflation rate. sol was launched in march 2020 amid the beta testnet release and has strived to become one of the leading cryptocurrencies.
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Audius is one of the most popular apps in the crypto space, and the solana foundation is excited to welcome them to the ecosystem and support their mission in providing a music streaming platform that puts power back into the hands of content creators. app. aurory. aurory is a gaming project powered by solana and serum. The solana blockchain offers potential utility for developers seeking a network that can support highly scalable applications and relatively fast transaction processing times, and it's possible. Solana price predictions. for context, sol currently trades at $202.77 per token, at the time of writing. coinpriceforecast suggests solana could hit $2,000 by 2023, one of the more bullish price.
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