Chapter
◎ Master Solana
A plain-English deep dive into how Solana reaches high speed and low fees, plus the real risks around outages and memecoins.
Free to play. No ads, no token, no account needed to start.
- What Solana isSolana is a public blockchain, a shared computer that anyone can use and nobody fully owns. Its whole goal is…
- Proof of History, the clockMost blockchains waste time because computers must chat back and forth to agree on what happened first…
- Speed and tiny feesOn Solana a basic transaction usually costs a tiny fraction of a cent, and blocks are produced very fast…
- Accounts and parallel powerOn Solana, data lives in accounts, little boxes that hold information. Your wallet is an account, a token…
- SOL and stakingSOL is Solana's native token. You use it to pay fees, and you can stake it to help secure the network…
- Wallets and SPL tokensTo use Solana you need a wallet, an app that holds your keys and signs transactions. Popular choices are…
- Outages and reliabilityBeing this fast is hard, and Solana has paid for it. In September 2021 a flood of bot transactions overwhelmed…
- Congestion and priority feesEven without a full outage, Solana can get busy. When a hot token launches, thousands of people and bots send…
- DeFi on SolanaDeFi means decentralized finance, apps that let you trade, lend, or earn without a bank in the middle…
- NFTs and compressionAn NFT is a token that is one of a kind, used for art, collectibles, tickets, or game items. Solana became a…
- Memecoin mania and risksCheap fees and fast blocks made Solana the go-to place for memecoins, tokens created as jokes or hype with no…
- The big pictureSolana's story is a rollercoaster. When the FTX exchange collapsed in late 2022, SOL crashed hard because FTX…