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Solana (SOL) is the cryptocurrency of the Solana platform, one of the fastest and most cost-effective blockchain networks. Founded in 2017 by Anatoly Yakovenko, the platform aims to provide scalable solutions for decentralized applications (DApps) and smart contracts.
Solana features:
1. Transaction speed: Supports thousands of transactions per second thanks to its unique Proof of History (PoH) protocol, which works in conjunction with the Proof of Stake (PoS) system.
2. Low costs: The cost of a transaction on the network is less than one cent.
3. Strong community: It has widespread support from developers and investors, which enhances its scalability.
SOL uses:
Paying transaction fees within the Solana network.
Running decentralized applications and trading on DeFi platforms.
Participating in securing the network through staking.
Future of the coin:
With the development of the decentralized applications and blockchain gaming market, Solana is expected to play a major role in this field. However, the value of the coin is affected by market and technical factors, which makes research and analysis important before investing in it.