Solana (SOL) - A High-Performance Blockchain
Solana is a fast, secure, and scalable blockchain platform that enables decentralized finance (DeFi) applications and use cases. It uses a hybrid consensus mechanism, combining Proof of History (PoH) and Proof of Stake (PoS), to achieve high throughput and low latency.
Key Features:
- High Performance: Solana can process up to 50,000 transactions per second (TPS).
- Low Cost: Transaction fees are extremely low, around $0.001.
- Scalability: Solana's architecture makes it highly scalable.
- Security: Solana's consensus mechanism provides robust security [1][2][10].
Use Cases:
- DeFi: Solana hosts various DeFi applications.
- NFTs: Solana is popular for NFT creation and trading.
- Gaming: Solana's speed and low cost make it ideal for gaming [1][2][5].
Current Price:
Solana's current price is around $127.60, with a 24-hour change of -1.16%. Its market cap is approximately $72.07 billion [2][3][7].
