Solana is a censorship-resistant blockchain that helps create fast, secure, scalable, decentralized apps and marketplaces. Launched in 2017, it is now backed by such organizations as Apple, Qualcomm, Intel, Google , Microsoft and more. According to Solana, there are currently
608 validators securing the Solana Network and 47
dapps powered by Solana.
One of the key features of Solana is its unique PoH (Proof-of-History) method, a decentralized clock for the system, which makes it easier to track transactions. Another distinctive feature is its speed. “Basically, the speed of light is how fast we can make this network go,” says Yakovenko, the founder of Solana.
The SOL token is the native currency in Solana’s ecosystem. The maximum supply of SOL caps at 489 million SOL. SOL has various use cases: staking is one of them. It can also be used as a payment or donation method. Track
Solana price on CoinMarketCap.
SOL Payment Benefits:- High speed
According to Solana, the blockchain can handle 50,000 transactions per second, which is 1,000 times faster than Bitcoin - Low fees - perfect for micropayments
An average transaction fee constitutes 0.000005 SOL (a fraction of a cent) - Widely distributed blockchain
There are almost 1,000 validators supporting the blockchain