Solana is one of the most prominent cryptocurrencies that has gained great popularity in the cryptocurrency market thanks to its high speed and low transaction costs. Here is a comprehensive explanation of it
1. What is Solana?
Solana (symbol: SOL) is a blockchain network that aims to provide a fast, secure, and inexpensive platform for developing decentralized applications (DApps) and smart contracts.
It was launched in 2020 by Solana Labs and its founder Anatoly Yakovenko
2. Solana features
• Transaction speed: Solana is capable of processing 65,000 transactions per second (TPS), making it much faster than most networks such as Ethereum.
• Low cost: The cost of transactions on Solana is less than $0.01, making it ideal for high-use applications.
• Proof of History: Solana uses an innovative algorithm called Proof of History (PoH) to improve the efficiency of Proof of Stake, which helps speed up transaction verification.
• Scalability: The network can handle a large number of users without affecting performance
5. How to buy Solana?
SOL can be purchased through many trading platforms such as:
• Binance
• Coinbase
• Kraken
• KuCoi
