SOL is the utility and staking token of the Solana blockchain, used to pay transaction fees, run smart contracts, and participate in network security via staking.
2. Key Features of SOL & Solana:
Ticker: SOL
Blockchain: Solana
Consensus Mechanism: Proof of History (PoH) combined with Proof of Stake (PoS)
Speed: Solana can handle thousands of transactions per second (TPS)
Low Fees: Extremely low transaction costs compared to Ethereum
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