Solana Coin (SOL)
https://solscan.io
Coin Details
- 571,372,178 Supply
- Blockchain: Solana
What Is Solana Coin (SOL) ?
- Launch Date 16-March-2020
Overview
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
To learn more about this project, check out our deep dive of Solana.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
$Solana Key Features
- Proof-of-history (PoH)
- Charges lower transaction fees
- Decentralized app (DApp)
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