This is our favorite part.
Solana as a blockchain is one of the friendliest networks for users and that was really important for us when we decided to start building Solanalysis. Some of the key benefits:
- 1.Built for Speed - Solana is capable of ramping up to 65,000 TPS
- 2.Cheap Transactions - Solana also boasts some of the lowest transaction costs. You may have heard horror stories about paying exorbitant gas fees. On Solana, those gas fees are typically less than a cent
- 3.Energy-Efficient - As a network, the security of the Solana network is not dependent on energy usage. In November 2021, the Solana Foundation determined that each Solana transaction uses only 0.00051 kWh of energy (equivalent to less than 2 google searches). Solana accomplishes this by using Proof of Stake (PoS) and Proof of History (PoH), a far more economic solution than Proof of Work (PoW). Read more at: https://solana.com/news/solana-energy-usage-report-november-2021