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What makes Solana network fast?

Solana network features block times of just 400 milliseconds and can handle thousands of transactions per second, which contributes to its speed.

How does Solana ensure low transaction costs?

Transaction fees on the Solana network remain under $0.0025, making it affordable for both developers and users.

Is the Solana network decentralized?

Yes, Solana is validated by thousands of independent nodes, ensuring that data remains secure and censorship-resistant.

What is the environmental impact of the Solana network?

Solana's proof-of-stake network minimizes its environmental impact, with each transaction using about the same energy as a few Google searches.

What types of applications can be built on the Solana network?

The Solana network supports a wide range of applications including payments, gaming, NFTs, decentralized finance (DeFi), and decentralized autonomous organizations (DAOs).

How is Solana being adopted in the payment sector?

Solana Pay has been integrated into platforms like Shopify, allowing businesses to conduct immediate USDC transactions with minimal fees.

Q: How often does Solana Network experience outages?

A: Major outages are rare, occurring only a few times a year. Minor issues can happen more frequently.

Q: How long do Solana Network outages typically last?

A: Most outages are resolved within a few hours. Extended outages lasting more than a day are extremely rare.