Crypto Explorer


Solana (SOL)

  • Solana is a blockchain-based payments platform that has been built from the ground up to handle large amounts of transaction data.


  • Solana relies on miners called Validators who stake their own coins by freezing them for an extended period of time.


  • 250x the bandwidth of Bitcoin and Ethereum!


  • Implemented privacy features for users and is transparent with fund usage on the platform. 

History of SOL

Solana (SOL) is a cryptocurrency that was created in the year 2018. Solana (SOL) is a decentralized blockchain platform that can be used to build scalable applications. 
The Solana project was initiated by former Ethereum developers, who have over 30 years experience in building distributed systems on top of existing blockchains.

Solana's goal is to provide developers with the tools they need to build complex blockchain applications on top of Ethereum, while ensuring security and privacy at the same time. The team behind this project hopes it will become one of the most popular platforms for decentralized applications built on smart contracts, which would allow developers around the world access their services without having any knowledge about how these platforms work or what they're capable of doing.

What is Solana?

Solana (SOL) is a blockchain platform that can process transactions at a rate of around 50, 000 transactions per second. The Solana project aims to improve on traditional blockchains by offering faster speeds and lower fees.

Solana uses the Tendermint consensus mechanism as its underlying technology, which allows for much higher throughput than other platforms like Ethereum or NEO. This means that you will be able to send and receive payments at high speeds without having to wait too long for your funds to get into your account!

Unlike most cryptocurrencies out there today, SOLANA doesn't have any mining involved in its issuance model; instead it relies on Proof-of-Stake (POS) models where users stake their coins in order gain voting rights within the network itself..

Utility in the Markets

Solana is a utility coin that can be used to pay for services in the real world. It’s not just another coin like Bitcoin or Ethereum. Solana is a utility coin that can be used to pay for services in the real world. It’s not just another coin like Bitcoin or Ethereum.

This is because Solana has its own blockchain and uses smart contracts for transaction processing, but it also connects directly with other blockchains to make cross-chain transactions much easier than they would be without the additional work of finding other tokens on different chains. This means you can use your SOL token on any platform that accepts it—and if those platforms don't accept it yet, they will soon!

Potential Future of Solana

As a community-driven project, Solana has a supportive community in the form of many active developers who value the project's goals and have been working on them from day one. The team members are also active on social media platforms like Twitter and Reddit. At the very least, pro-activity with this coin is in play. Solana is also the only crypto project in existence with a full time team and dedicated developers working on it. Support, engagement, and past performance are all potential green lights highlighting this coin's bright future.


Solana (SOL) is a blockchain-based platform that enables people to manage their assets and create smart contracts in the form of tokens. The Solana is an intelligent system of interconnected business agents, which enable the construction of multi-party trustless contracts while maintaining private information on an immutable blockchain.

We hope this article has given you some insight into Solana, and its potential as a cryptocurrency. We believe that it has many advantages over other coins on the market today and will be an important player in this space for years to come.
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