Solana is a high-performance blockchain platform renowned for its rapid transaction speeds and low costs, designed to power scalable decentralized applications...
Solana is a high-performance blockchain platform designed for building scalable decentralized applications (dApps) and cryptocurrencies, known for its fast transaction speeds and low network fees.
Solana combines a unique Proof-of-History (PoH) consensus mechanism with Proof-of-Stake (PoS), allowing it to process thousands of transactions per second efficiently and securely.
Solana is widely used for decentralized finance (DeFi), non-fungible tokens (NFTs), web3 gaming, and other decentralized applications that require high throughput and low latency.
SOL is the native cryptocurrency of the Solana blockchain. It is primarily used to pay transaction fees, for staking to secure the network, and for governance participation within the Solana ecosystem.