The growing popularity of cryptocurrencies in our time has led to the emergence of many terms that are incomprehensible to many people. One such term is “blockchain”. All cryptocurrencies are built on blockchain technology. In this section, we will tell you in clear language what a blockchain is, and consider the advantages of the Solana blockchain, because it is this blockchain that the world of the Golden Clone will switch to.
Principle of decentralization #
Decentralization in the world of cryptocurrencies means that everyone personally manages their assets, and there is no single body that controls all assets.
What is blockchain? #
The essence of this term is largely reflected in the very meaning of the words from which it consists - “block” and “chain”. This means that a blockchain is a chain consisting of many blocks.
Advantages of Solana Blockchain #
The Solana blockchain is one of the fastest in terms of transaction speed and also has the lowest transaction fees. But this is not all its advantages.