What is the currency $SOL
Solana is a decentralized protocol for building decentralized applications (dApps) with a transfer rate of 65,000 transactions per second (TPS) thanks to its distributed computing system.
Unlike most protocols that operate on a Proof of Stake (PoS) or Proof of Work (PoW) mechanism, the Solana blockchain uses a Proof of History (PoH) mechanism, which is a new cryptographic mechanism that amplifies scalability while maintaining network security.
Solana is among the few Layer 1 solutions capable of supporting thousands of transactions per second without the need for implementing second layers or off-chain solutions