Solana blockchain technology: a review

Debani Prasad Mishra, Sandip Ranjan Behera, Subhashis Satyabrata Behera, Aditya Ranjan Patro, Surender Reddy Salkuti

Abstract


The introduction of a review article on the Solana blockchain is critical to setting the stage for the arguments and evidence to follow. This paragraph will provide context to the reader by discussing the current state of blockchain technology and introducing Solana as a potential solution. Blockchain technology has the potential for countless applications, ranging from financial transactions to secure data storage. However, existing blockchain systems suffer from scalability issues, were confirmation times and network congestion limit transaction volumes. This review paper on the Solana blockchain is valuable for those seeking an in-depth understanding of the design and efficacy. Given the increasing number of blockchain technologies available in the market, potential adopters face the challenge of selecting the most suitable blockchain network for their specific use case. A well-constructed review provides necessary information on the functioning of the technology, including its strengths and limitations. It also enables readers to compare various blockchain technologies and judge their suitability for their specific needs. Therefore, reviews like this one play a crucial role in helping to advance blockchain technology by driving the adoption of superior blockchain networks.

Keywords


Blockchain technology; Consensus mechanism; Cryptocurrency; Distributed ledger technology; Smart contracts; Solana blockchain

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DOI: http://doi.org/10.11591/ijict.v13i2.pp197-205

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The International Journal of Informatics and Communication Technology (IJ-ICT)
p-ISSN 2252-8776, e-ISSNĀ 2722-2616
This journal is published by the Institute of Advanced Engineering and Science (IAES) in collaboration with Intelektual Pustaka Media Utama (IPMU).

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