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Solana is a high-performance blockchain designed for fast, low-cost, and scalable decentralized applications (dApps) and decentralized finance (DeFi) platforms. It aims to solve the scalability challenges faced by earlier blockchains like Ethereum by utilizing a unique Proof-of-History (PoH) consensus mechanism alongside Proof-of-Stake (PoS). This allows Solana to process thousands of transactions per second (TPS) with minimal fees.