**What is Solana (SOL)?**
Solana is a fast blockchain platform with low costs, designed to support decentralized applications (dApps) and decentralized finance (DeFi). It relies on **Proof of History (PoH)** combined with **Proof of Stake (PoS)** to achieve speeds of up to **50,000 transactions per second** and nearly free fees (less than $0.01).
**Why is it famous?**
- **High Speed**: Much faster than Ethereum.
- **Low Costs**: Ideal for small transactions.
- **Support for NFTs and DeFi**: Such as platforms like **Magic Eden** and **Raydium**.
**Challenges:**
- Experienced frequent outages due to congestion.
- Criticisms regarding decentralization due to the difficulty of running nodes.
**Uses of $SOL:**
1. Pay network fees.
2. Staking and sharing (earning yields).
3. Voting on network upgrades.
**Economic Information:**
- **Highest Price**: ~260 dollars (2021).
- **Supply**: Unlimited but its inflation is low (~1.5% annually).
**Competitors:** Ethereum, Avalanche, Polygon.
**How to buy $SOL?**
- Through platforms like **Binance, Coinbase**.
- Stored in **Phantom** or **Ledger** wallets.
**The Future:**
If Solana solves its stability issues, it could become a leading platform in Web3!
