Solana is a high-performance blockchain designed for scalability, aiming to provide fast transaction speeds and low fees, making it a popular platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. Its innovative Proof-of-History (PoH) consensus mechanism, combined with Proof-of-Stake (PoS), enables it to process a high volume of transactions efficiently. SOL is the native utility token of the Solana network, used for paying transaction fees, staking to secure the network, and participating in governance.
What is Solana (SOL)?
Discover the key facts about Solana (SOL).
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Looking for more resources?
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What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
