The crypto startup has similarities to Ethereum, but it still differs significantly from Vitalik Buterin's project. Solana is built on the Proof of History consensus mechanism, so the cryptocurrency does not need to be mined like other coins. Proof of History can be seen as a more advanced version of the Proof of Stake algorithm. As the name suggests, the history is recorded in the blocks. In other words, there are timestamps indicating when the block was created.
When a cryptocurrency exchange is needed, Ukraine can also offer several options, among which WhiteBIT is in special demand. It is one of the largest cryptocurrency exchanges in Europe, where you can trade the SOL cryptocurrency. Speaking of generating new coins, you won’t need to use powerful computing equipment. It is enough to simply store the tokens on an exchange or wallet that provides such an opportunity and receive rewards for it. This approach to transaction confirmation is called staking. Essentially, this method can be compared to a bank deposit.