$SOL a cryptocurrency and blockchain platform focused on high speed and low transaction fees for decentralized applications (dApps). It utilizes a hybrid consensus model, combining Proof of Stake (PoS) and Proof of History (PoH) to process transactions quickly and efficiently. The SOL token is used to pay transaction fees and participate in the network governance.

In summary:

What is it:

Solana is a blockchain platform and the SOL cryptocurrency is its native currency.

Speed and Fees:

Designed to be faster and have lower fees than other blockchains like Ethereum. $ETH

Uses:

Allows for the creation of dApps, NFTs, tokens, and other decentralized applications.

SOL Token:

Used for transaction fees and staking, where users lock their tokens to help secure the network and earn rewards.

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