The Solana blockchain and cryptocurrency ecosystem is often touted as an “Ethereum Killer”. With its lightning speed, lower transaction fees, and smart contract functionality, Solana is taking a growing share of the blockchain market.

Networks Mainnet, Devnet, Testnet
Released 2020
Consensus Tower BFT (Proof of History)
Smart contracts Yes, called Programs
Block time ~400ms - 746ms
Smart contract language(s) supported Rust C, C++, Solidity
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The Solana token

Solana has its own native and utility token, SOL which is used to pay for transaction fees on the network. It is also used for staking allowing users to support Solana’s security while earning rewards. The inflationary token is designed to have a decreasing supply and an annual inflation rate of 1.5%.