Solana price, charts, marketcap and other stats

$ 192.40
0.00379300 BTC
$ 59,135,290,022
Volume (24h)
$ 2,295,133,354
Circulating Supply
307,348,007 SOL
Total Supply

What is Solana?

Solana was founded in 2017 by Anatoly Yakovenko and is an open-source project that implements a new high-performance, permissionless blockchain. The idea behind Solana was to speed up the way transactions on a blockchain took place. Solana Labs is the company behind the Solana Network and is located in San Francisco, California, in the United States. However, the Solana Labs team has people worldwide from the US to France, Nigeria, and Mexico.
Solana, whose founding team came together in 2017, launched a blockchain network that supporters say is faster and more energy-efficient than the Ethereum or bitcoin blockchains, which can seize up during periods of heavy transaction volumes. Although the project was founded in 2017, it did not go live until March 2020.
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization. The value of 1 SOL is equal to $27.37 as of July, 2021.
In conclusion, majorly because of Solana (SOL) relative newness, it makes sense to be careful when choosing it for investment.



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