Solana

Buy Solana
rank 7

190,161 $

Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.

Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps accross the network, improving overall network efficiency.

Solana’s mission is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems.

Solana (SOL) is a cryptocurrency or a form of digital asset. Solana (SOL) price for today is $190,16 with a 24-hour trading volume of $1,508,378,383

Coin type: token
Open source: Yes
Development status: Working product
Hardware wallet: No
Proof type: Delegated Proof of Stake
Org structure: Centralized > Hierarchical
Hash algorithm: Tower BFT
Circulating supply: 273 556 026 SOL
Total supply: 494 519 162 SOL