$SOL SOL is the native cryptocurrency of the Solana blockchain, a fast, decentralized, and scalable platform for building blockchain applications.
Key features of Solana:
1. *High-performance*: Solana's blockchain can process over 65,000 transactions per block, making it one of the fastest blockchains.
2. *Low latency*: Solana's blockchain has a block time of around 400 milliseconds, allowing for fast transaction confirmations.
3. *Scalability*: Solana's blockchain can scale horizontally, allowing it to handle a high volume of transactions.
4. *Decentralized*: Solana's blockchain is decentralized, allowing anyone to participate in the network.
Examples of SOL uses: 1. *Transaction fees*: On the Solana blockchain, transaction fees are paid for with SOL. 2. *Staking*: SOL can be staked for rewards and participation in the validation process. 3. *Governance*: SOL holders are eligible to participate in Solana ecosystem governance decisions.