$SOL

Sol is the native cryptocurrency of the Solana platform, a blockchain network that aims to provide fast and scalable solutions for decentralized applications and projects. Solana was launched in March 2020 by Anatoly Yakovenko and colleagues, and has grown significantly to become one of the most prominent ecosystems in the cryptocurrency market.

**Performance and transaction speed**

Solana is known for its ability to process thousands of transactions per second (TPS), using a special consensus mechanism known as “Proof of History” (PoH). This technology allows it to achieve very low latency and low transaction fees compared to other networks such as Ethereum, which suffers from slowness and high transaction prices when the network is congested.

**Uses and applications**

Sol coin is primarily used within the Solana system to pay transaction fees and participate in network operations. Additionally, they can be used in many applications.

**Advantages**

1. **Scalability and Scalability**: Thanks to its unique infrastructure, Solana has the ability to scale without sacrificing security and decentralization.

2. **Compatibility**: Solana is compatible with Ethereum and has a bridge called

**Challenges and competition**

Despite its many advantages, Solana faces significant competition from other blockchain networks such as Ethereum