Solana (SOL) is a fast and scalable cryptocurrency that can process thousands of transactions per second. Its unique architecture combines Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms, allowing for high throughput and low transaction fees. SOL is used for:
- *Transaction Fees*: Paying network fees
- *Staking*: Securing the network and earning rewards
- *Governance*: Participating in decision-making processes
Solana's current price is around $147.60, with a market capitalization of approximately $72 billion. Its fast transaction times and low fees make it an attractive alternative to other cryptocurrencies like Ethereum.¹
