Solana is set to become the world’s first web-scale blockchain solution with the capability of hosting applications with the computations bandwidth comparable to the modern internet. With plans to continue business development and engineering excellence, Solana is ready to launch its mainnet and public DevNet to users who can immediately start building applications on the blockchain platform.
Solana is a layer 1, Proof-of-Stake blockchain with 200 nodes operating around the world and 50,000 transactions supported per second. Using coordinated optimizations and GPU hardware, the company delivers next generation solutions with security and simplicity to those working with blockchain.
As the only blockchain in existence that can power decentralized versions of other existing blockchains, Solana is supported by major venture capital firms who see the company as the most extraordinary layer 1 platform to date. The company recently completed a Series A round of funding led by Multicoin Capital, receiving $20 million that will be used for additional growth and business development.
“We’ve seen the challenges that developers are facing with layer 2 and sharding solutions, and we’re excited to give them an incredibly simple alternative that doesn’t sacrifice performance,” said Anatoly Yakovenko, Solana’s co-founder and project lead. “Every other blockchain is a single-thread processor – that is, they can only make one state update at a time. This is the single greatest challenge holding back the industry today. By architecting a system designed to support concurrent processing, and by optimizing computation for massively parallel GPUs, Solana can process 50,000 TPS across a network of 200 nodes.”
