SOL is a cryptocurrency that runs on the Solana blockchain. But what’s interesting about SOL? What makes its network different from other networks?
Let’s look over the potent network and its native token that are worth attention.
What is Solana and its Particularities?
As you know, scalability is one of the key advantages which helps networks to grow. Solana has found a way to overcome the limitations while preserving the transaction speed and security of decentralization. It is assisted by special technology of consensus mechanism called Proof of History.
The Proof of History algorithm is based on a mechanism that adds timestamps to blocks. This allows you to accurately determine the time of a particular event or transaction.
The platform launched updates in March 2020 but is still in beta.
The Origin and Advancement of SOL
Solana has its own gas token called SOL, like the most smart contract platforms. All transactions and operations with smart contracts on Solana will consume SOL. The token was first launched on the Solana beta testing network in March 2020.
Compared with other dominant coins, Solana is relatively young. The idea for Solana was first published in 2017 by developer Anatoly Yakovenko, and SOL debuted last year, and its value surged this summer.
SOLANA Token's Growth in TOP Rankings
SOL takes the prominent position in DeFi. It is currently in the top 5 largest cryptocurrencies by market capitalization. It’s a vivid result that is worth attention.
SOL token is listed on Biswap and has eminent trades due to Biswap low fees.
You can experience the lucrative SOL trades:
Solana is a high-potential project. It boasts impressive speeds and a growing DApps ecosystem, but it's still in beta testing. Solana has taken the right direction in scalability, a single-tier mechanism of work, and a popular programming language. Let’s see where it goes. And in the meantime, benefit from trading SOL with the best condition among DEXes on Biswap.
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