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?
6 Types of Cryptocurrency and How to Donate Them The Giving Block accepts more than 80 types of cryptocurrency that donors can use to support nonprofits and charities in a variety of ways. Read more
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
