What Is Solana: Overview of Crypto SOL
Solana is a high-speed blockchain platform known for its scalability and affordable transactions. The hybrid consensus mechanism combines Proof of History and Proof of Stake, providing fast processing along with enhanced security through SOL token staking. As of October 2022, Solana's formidable market capitalization ranked Solana as the ninth largest cryptocurrency in the world.
Solana, backed by the Solana Foundation, is a high-performance blockchain platform designed to support:
Smart contracts
DApp
DeFi
NFTs
Its unique hybrid consensus mechanism combines Proof of History (PoH) and Proof of Stake (PoS) to achieve high transaction throughput and maintain a secure and decentralized network.
