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Solana is a blockchain network focused on providing fast transactions and high throughput, aiming to create a more scalable blockchain that can support up to 50 thousand transactions per second. Solana uses proof of stake as a consensus mechanism and adds a unique protocol called proof of history to keep a universal time reference across the network. Solana was launched in 2017, raised $25 million in an ICO, and its mainnet was released in March 2020.
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