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  3. /Solana
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cryptocurrency

Solana

A high-speed Layer 1 blockchain known for cheap transactions and fast finality.

Definition

A high-speed Layer 1 blockchain known for cheap transactions and fast finality. It sacrifices some decentralization for performance. After struggling in 2022, Solana has grown significantly with DeFi and meme coin activity.

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Learn More About Solana

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Related Terms

Layer 1

The base blockchain that processes and finalizes transactions.

Ethereum

A blockchain platform that enabled smart contracts and decentralized applications.

Blockchain

A distributed database where transactions are grouped into blocks and linked together cryptographically.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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