What is Solana?
Solana is a blockchain protocol that is designed to be fast, scalable, and secure. The Solana team has created a platform that can process up to 65,000 transactions per second with near-instant finality. This makes Solana one of the fastest blockchain protocols in the world.
Who Are the Founders of Solana?
The Solana Foundation was founded by Anatoly Yakovenko and Greg Fitzgerald. Both had experience working on large-scale distributed systems at companies like Qualcomm, Intel, and Dropbox.
The current price of SOL is $4.47.
What Is the native Token of Solana?
The native token of the Solana blockchain is called SOL. The token is used to pay transaction fees on the network and is also needed to run a validator node.
What Is the Total Supply of SOL?
The total supply of SOL is 10,000,000,000.
How does Solana work?
The key to Solana’s speed and scalability is its use of a Proof-of-Stake (PoS) consensus algorithm. In a PoS system, users stake their tokens in order to validate transactions on the network. The more tokens a user stakes, the more “weight” their vote has. This system is different from Proof-of-Work (PoW) algorithms like the one used by Bitcoin, which require users to solve complex mathematical problems in order to validate transactions.