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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