Solana (SOL)

Considered as the world’s fastest blockchain, Solana was created in 2017 by former Qualcomm employee Anatoly Yakovenko. Working alongside Greg Fitzgerald and Eric Williams, Yakovenko founded a platform that introduced solutions for existing Ethereum and Bitcoin blockchains dilemmas. Combining their experiences from previous stints in world-renowned companies such as Google, Apple, Intel, Dropbox, Twitter, Microsoft, and Qualcomm, the three focused on creating a protocol that offers extra scalability. The platform utilizes a method called Proof of History or PoH, which allows users to produce historical data as proof that a specific event happened at a particular moment. Solana’s speed makes it ideal for practically all types of projects, including decentralized exchanges. It is also a viable platform for payments (i.e. Mastercard, Visa, and PayPal transactions). Some of Solana’s cryptocurrency partners are FTX, Chainlink, Project Serum, Kin, civic, Tempest, Formatic, akash, Stardust, and dfuse, among others. These partners benefit from Solana’s solutions for bandwidth and transaction settlement issues.