This year has been brutal for Solana (CRYPTO: SOL), down 78% year to date, and the cryptocurrency industry as a whole. But despite the carnage, crypto projects continue to build and improve their ecosystems, setting them up for a possible rebound when market conditions improve.
Let's explore the pros and cons of Solana to see whether it deserves a closer look.
Solana is a blockchain platform designed to host decentralized applications (dApps) -- autonomous programs that use smart contracts to offer services on the network. It is among several blockchains known as potential "Ethereum killers" because of their superior speeds and scalability compared to Ethereum, the current market leader in these offerings.
Source Fool.com