Solana is a new blockchain project, oriented at secure hosting of fast decentralized apps and processing vast numbers of transactions per second. Apart from dApps, Solana takes its peek at fast and secure payments, decentralized asset and ads exchange, secure cloud storage and web services. Currently, Solana is on the last stages of development and we’re hopping on!

Why is Solana Standing Out of Other Projects?

Solana tackles most of the current obstacles rising before the modern blockchain projects in an innovative way:

Proof of History allows the order of events verification by the nodes without witnessing them. This decreases the number of messages and optimizes the network load.

Scaling without sharding improves already existing reliable algorithms for heavy transaction flows instead of adding new inconsistencies to the network security by the introduction of sharding.

Tower BFT consensus protocol adds Proof of History to the PBFT to drastically decrease latency and confirm transactions in less than one second.

Pipeline VM allows parallel computing for dApps for the first time in the blockchain history.

Cloudbreak horizontally-scaled accounts database gives access to public wallets by other means than simply a public key.

Turbine block propagation protocol multicasts new blocks to thousands of nodes without the need for huge bandwidths and sending the same block to every node individually.

Who Stands Behind Solana?

Solana is built by experienced professionals who have put their hands-on projects and companies such as Qualcomm, Mesosphere, Dropbox, Sano, General Catalyst, CERN, Intel, Twitter, Google, and many more. The people behind Solana have developed ARM processors, operating systems, medical hardware and software, AR applications, LTE chips, browsers, and dozens of blockchain-related projects. The combined engineering and science expertise of the team would span for decades of success.

Anatoly Yakovenko, Solana’s CEO, holds 2 patents and was the core kernel developer of a processor that powered over 100 million devices. Greg Fitzgerald, CTO, took a key role in the creation of the LLVM compiler toolchain, which is now used by millions of developers worldwide. Raj Gokal, COO, brought in over 10 years of successful experience in product management, finances, and investments.

What are Solana’s Aspirations?

Solana is here to keep the promise of unchaining the new era of blockchain without sacrificing the secure, time-proven practices for the sake of compromising a new one. Millions of transactions per second, never-seen dApp performance, secure permissionless file hosting, and web infrastructure, dozens of decentralized services — all of it can be and is achieved using reliable BFT consensus, a solid blockchain architecture without sharding and new block propagation technologies.

Tour de SOL

Tour de SOL is Solana’s incentivized testnet event, aimed at testing the protocol’s throughput with as many validators as possible. It is put in three stages to test different new technologies one-by-one and determine the best network setup, that will keep the Solana’s promise. The three Tour de SOL stages will consequently test:

Performance;

DEX use-case simulation;

Fully-featured testnet with replicators.

All participants who will take a major role in the Tour de SOL and the beginning of testnet as it is will be rewarded, hence all participants are undergoing a KYC process. Tour de SOL will start in early August and is planned to end in October, and…

We’re in!

Everstake has launched a testnet node to take part in Tour de SOL and we’re looking forward to testing and tweaking Solana’s revolutionary technology to perfection. We strongly believe that the blockchain industry needs growth to keep up with modern requirements, and nothing should be sacrificed for the sake of achieving this goal. Solana’s team is working hard on bringing a reliable and safe product to the world, and we are glad to be a part of such an aspiring community. Let’s see how soon we get there!