$SOL
* Solana Blockchain:
* Solana is a high-performance blockchain platform designed to support decentralized applications (dApps) and decentralized finance (DeFi).
* It's known for its speed and low transaction fees, which are achieved through its unique "proof-of-history" consensus mechanism.
* SOL Cryptocurrency:
* SOL is the digital currency that powers the Solana blockchain.
* It's used for:
* Paying transaction fees.
* Staking to help secure the network.
* Participating in governance.
* SOL has gained popularity due to the Solana blockchains high speeds, and relatively low transaction fees.
* Key Characteristics:
* High transaction throughput.
* Low transaction costs.
* Growing ecosystem of dApps.