Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. It’s known for its fast transaction speeds, low fees, and scalability, making it a popular choice for DeFi (decentralized finance), NFTs, and gaming projects.
Here are a few quick facts about Solana:
Ticker: SOL
Consensus Mechanism: Proof of History (PoH) + Proof of Stake (PoS)
Transaction Speed: Up to 65,000 transactions per second (theoretically)
Use Cases: Smart contracts, NFTs, DeFi, Web3 apps
Launched: March 2020
Created by: Anatoly Yakovenko and the Solana Foundation
Would you like to know about its current price, how to invest, or maybe compare it to other coins like Ethereum?