Solana (SOL) is a fast, secure, and censorship-resistant blockchain designed for decentralized applications (dApps) and crypto projects. Launched in 2020, it has quickly become one of the top cryptocurrencies in the world.
Key Features of Solana:
🔹 High Speed: Solana can process over 65,000 transactions per second (TPS) — way faster than Bitcoin or Ethereum.
🔹 Low Fees: Transactions cost just fractions of a cent, making it ideal for developers and users.
🔹 Scalability: Solana uses a unique technology called Proof of History (PoH) to improve efficiency and speed.
🔹 Ecosystem Growth: Hundreds of projects are built on Solana, including NFT platforms, DeFi apps, and gaming projects.
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Why People Like Solana:
✅ It’s fast and cheap to use
✅ Developers love it for building modern blockchain apps
✅ It’s environmentally friendly compared to Bitcoin
✅ Backed by a strong community and big investors
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SOL – The Native Token:
The SOL token powers the Solana network. It is used to:
Pay for transaction fees
Stake and secure the network
Earn rewards through staking