Solana (SOL)

Solana is one of the world's cheapest and fastest public blockchains.

Solana is one of the world's cheapest and fastest public blockchains.

It has a block time of 400 milliseconds and transaction fees of less than $0.01. Solana's native token is SOL.

SOL can be:

  • staked directly on the network
  • delegated to validators in return for inflation rewards
  • used to pay for fees for sending transactions
  • used to pay for running smart contracts

The Solana Foundation is a non-profit organization headquartered in Zug, Switzerland, dedicated to the decentralization, growth, and security of the Solana network. Solana has a very vibrant ecosystem with more than 400 DeFi, NFTs, Web3 projects.

Consensus mechanism: Solana uses Proof of History (PoH) and Tower BFT.

Wallets

There are several mobileweb, and command-line wallets for SOL.

Useful links

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