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The Ethereum killer
Solana is a smart contract platform like Ethereum, but built from the ground up. It is faster, and with much cheaper gas fees.
It is the fastest blockchain with 20,000+ transactions per second (TPS). FYI, VISA network handles 1,700 TPS only, Avalanche 5,000+ and Cosmos 10,000+. See the live transactions stats.
Solana smart contract is written in Rust, the most loved language for systems programming.
Ethereum is #1 smart contract platform, while Solana is #2. The ecosystem is flourishing.
Solana is a beach north of San Diego, where the 3 cofounders lived and surfed when they worked for Qualcomm.
They are inflationary from 8% to 1.5%, after 10 years.
Genesis on 16 March 2020.
The staking rewards depend on a number of factors: % of SOL staked, global inflation rate, commission of validators and uptime.
You can do Proof-of-stake on your computer, but the requirements are high. Notably, you need 128GB RAM and more.