Polygon and tech startup Nothing have announced that they will be working together to integrate Polygon’s technology into Nothing’s first smartphone, called the Nothing...
Solana
What is Solana?
Solana is a decentralized blockchain platform regarded as a major competitor to Ethereum as a host for decentralized applications. Solana was created in 2020 by developers at Solana Labs in San Francisco and is managed by the Solana Foundation based in Geneva, Switzerland.
Solana has emerged as a hub for decentralized finance (DeFi) apps rivaling Ethereum, which has seen the valuation Skyrocket despite being less than two years old. One of the main advantages associated with Solana is its low transaction (gas) fees compared to Ethereum’s.
What is the network?
Solana’s native cryptocurrency goes by the same name and trades under the ticker symbol SOL. Solana’s network operates on a proof of stake (PoS) model, which is more energy-efficient than the proof of work (PoW) model pioneered by Bitcoin, which consumes a lot of energy.
Transactions on the Solana network cost about 0.000005 SOL, or $0.001, while transactions on Ethereum’s blockchain can be in thousands of dollars, especially when the network is at its busiest.
How to trade Solana
There are multiple ways to trade Solana, but the two most common methods are via a cryptocurrency exchange. You can buy the SOL crypto using dollars or other fiat currencies.
The other popular way to trade Solana is to trade its derivatives via an FX or CFD broker that offers SOL as a quote traded against the US dollar.
Solana Latest news
Solana’s price was down by 15 per cent last week. However, in today’s trading session, it is up by 1.5...
Solana is down by 2 per cent in today’s trading session. The drop comes just one day after another strong...
Our Solana price prediction is on its way to flipping bullish as the price is signalling a double bottom. SOL...
Solana has remained in a consolidation mode in the past few days as demand for the coin has dried up....
Solana price has been stuck in a narrow range after last week’s crash. The price has stabilized at about $55.62,...
Solana has dropped by more than two per cent in today’s trading session extending yesterday’s drop of 9 per cent....
DappRadar, a blockchain market analytics firm, has issued its Q2 2022 behavioural study report as the global digital assets market...
Solana prices have dropped by more than 30 per cent in April and are currently looking likely to finish the...
The Solana price needs to hold the $100 level, or the bears might take it down to the $78-$80 region....