$SOL SOL refers to Solana, a high-performance blockchain platform focused on scalability. Here's a breakdown of what you might be interested in:
What is Solana?
* Solana is a single-chain, delegated Proof-of-Stake (PoS) blockchain.
* It aims to provide scalability without sacrificing decentralization or security.
* A key innovation is its Proof-of-History (PoH) consensus mechanism, which works in conjunction with PoS to achieve high speeds.
* Solana can reportedly handle thousands of transactions per second (TPS) with low transaction fees.
* It supports smart contracts and decentralized applications (dApps), similar to Ethereum.
* The native cryptocurrency of the Solana blockchain is also called SOL.
SOL Cryptocurrency:
* Price: The live price of SOL is currently around ₹12,658 - ₹12,830 in Indian Rupees (INR) and approximately $145 - $148 in US Dollars (USD). Keep in mind that cryptocurrency prices are highly volatile and can change rapidly. You can check real-time prices on various cryptocurrency exchanges like Binance, CoinSwitch PRO, Mudrex, ZebPay, and CoinGecko.