# @moonpay on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C_vZT-sR8fw
- **Gondola URL:** https://gondola.cc/posts/23042267-moonpay-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/b587ece965479ef3a2a065fc2ab50081262b647462a076842fd824038165eb97.jpg
- **Posted:** 2024-09-10T14:53:54.000+00:00
- **Account Owner:** MoonPay (@moonpay) — https://gondola.cc/moonpay

## Caption

Why are 5,000 people going to Singapore next week for a crypto conference? 

It’s because Solana has risen in popularity in 2024 more than any other blockchain and coin, and as a result, there’s a ton of enthusiasm from builders, developers, speculators, and investors into what the present and future holds for SOL. At Breakpoint, the annual Solana conference, the entire Solana ecosystem will converge. In this video, we break down some of the basics of what makes Solana unique. 

Interested in diving deeper? Keep reading.

Solana is an open and permissionless blockchain, serving as a platform for smart contracts and decentralized applications (dApps). 

With processing speeds of up to 50,000 transactions per second (and rumors of up to 200,000 by individuals on the network), Solana is one of the fastest blockchains in the crypto ecosystem today. Most notably, Solana implements their unique Proof of History, which allows the network to scale more efficiently than other blockchains. 

With lightning-fast transaction speeds and minimal fees, Solana is quickly rising as a challenger to Ethereum to become a preferred blockchain of NFT marketplaces. 

Solana was created in 2017 by Anatoly Yakovenko, Raj Gokal, and a team of former Qualcomm employees. Anatoly wanted to create a censorship-resistant network that could connect creators and consumers in a global digital economy without relying on intermediaries or middlemen.

This material is for informational purposes only, and is not intended to provide accounting, legal, tax, or investment advice. No representation or warranty is made with respect to the accuracy or completeness of the information or to the future performance of any digital asset.

#solana #sol #crypto #investing #blockchain #finance #decentralization #cryptocurrency #singapore

## Stats

- **Views:** 220
- **Likes:** 0
- **Shares:** 0
- **Comments:** 1

## Tags

finance, decentralization, sol, crypto, singapore, cryptocurrency, solana, investing, blockchain

---
Copyright (c) Gondola