Solana (SOL) is a cryptocurrency that powers the Solana blockchain network, known for being one of the fastest and most efficient in the market. Designed to support decentralized applications (dApps) and decentralized finance (DeFi), Solana stands out for its ability to process over 65,000 transactions per second, with significantly low costs. This makes it an ideal choice for developers and users looking for speed and scalability.
The Solana protocol combines the Proof of History (PoH) consensus mechanism with Proof of Stake (PoS), offering greater efficiency without compromising security. The SOL cryptocurrency is used to pay transaction fees, interact with smart contracts, and as a reward for those who validate the network.
Since its launch in 2020, Solana has rapidly gained popularity and has established itself as one of the leading cryptocurrencies in the market. Its focus on technological innovation continues to attract investors and projects seeking a fast, accessible, and sustainable blockchain ecosystem.
