Solana (SOL) is a high-performance cryptocurrency aimed at scalability and the rapid adoption of blockchain technology. Launched in 2020, it is distinguished by its hybrid architecture of proof of history (PoH) and proof of stake (PoS), which allows for processing thousands of transactions per second with low fees.
SOL, the native token, is used to pay transaction fees, participate in staking to secure the network, and execute smart contracts. The Solana ecosystem hosts various decentralized applications (dApps) in areas such as decentralized finance (DeFi) and non-fungible tokens (NFT). Its speed and low cost have positioned it as a significant competitor in the blockchain space, seeking to overcome the limitations of other networks.
