How Solana Works: An Executive Overview – Part 1
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 07 2024Overview of Solana's Architecture: Solana utilizes a single-chain design to optimize transaction efficiency, enabling applications to integrate seamlessly and allowing for high throughput through continuous block building and innovative features like the Solana Virtual Machine (SVM) and Stake-Weighted Quality of Service (SWQoS).
Transaction Process and Fees: Transactions on Solana are structured for parallel processing, reducing conflicts and enhancing execution speed, with low base fees and optional prioritization fees that help manage network congestion while rewarding validators.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
