#AirdropStepByStep Solana currency (Solana) and its symbol SOL is a digital (cryptographic) currency that relies on blockchain technology and is considered one of the most popular currencies in the crypto market. Here is a simplified definition of it:
What is Solana currency (SOL)?
Solana is an open-source blockchain platform designed to support decentralized applications (dApps) and smart contracts, characterized by its high speed and low costs compared to networks like Ethereum.
Features of Solana:
Transaction Speed: Capable of processing thousands of transactions per second.
Low Fees: The network fees are very low compared to Ethereum.
Unique Algorithm: Uses a "Proof of History" algorithm alongside "Proof of Stake" to accelerate transactions.
Uses of SOL currency:
Paying transaction fees within the Solana network.
Participating in Staking (freezing the currency to earn profits).
Voting and participating in network governance.
Buying and selling non-fungible tokens (NFTs) on platforms built on Solana.
Would you like to know how to buy or store it?