$SOL Here is the info about Solana (SOL) project ...
- Solana is a Layer 1 blockchain that offers users fast speeds and affordable costs.
- It supports smart contracts and facilitates the creation of decentralized applications (dApps).
- Projects built on Solana include a variety of DeFi platforms as well as NFT marketplaces.
- Its high performance means Solana doesn’t require a traditional scaling Layer 2 solution.
- Layer 2s on Solana focus on interoperability and connecting Solana to other chains.
- Solana combines the Proof-of-History (PoH) consensus mechanism alongside the more common Proof-of-Stake.
- SOL is the native token of the Solana blockchain.
- SOL can be used to pay for transaction fees (also known as gas fees) when sending transactions or interacting with smart contracts.
- SOL can also be used to secure the network through staking.
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