⭐ What Is Solana (SOL)?

🔥 The Emergence of $SOL Solana

Born in 2017, Solana was conceptualized by Anatoly Yakovenko, a former Qualcomm and Dropbox engineer. The platform was developed to address the scalability issues faced by first-generation blockchains like Bitcoin and Ethereum. While Bitcoin had a transaction throughput of around 7 transactions per second (TPS), and Ethereum was limited to 15-30 TPS, Solana set out to achieve a remarkable throughput of 65,000 TPS, offering unparalleled processing speed and efficiency.

Revolutionary Consensus Mechanism

Central to Solana’s ability to achieve such impressive throughput is its unique consensus mechanism – Proof-of-History (PoH). Unlike traditional blockchains that rely solely on Proof-of-Work (PoW) or Proof-of-Stake (PoS), Solana’s PoH introduces a historical timestamp to every transaction before it enters the network. This ensures a sequential order of transactions and prevents the need for frequent and time-consuming confirmations.

The PoH consensus works in harmony with Solana’s Tower BFT (Byzantine Fault Tolerance) consensus, which further enhances the platform’s security and scalability. These novel approaches, combined with the underlying protocol’s architecture, allow Solana to process a vast number of transactions simultaneously, enabling the network to maintain high-speed performance even during peak loads.

⭐ How To Trade Solana (SOL)

Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).

Click the [Trade] tab.

Search for SOL, and click on it.

Select the leverage (up to 50x).

Select either a Trigger Order or Market Order.

Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.

Once you have confirmed the details, click the [Long] or [Short] button to open a position.