Solana was created as a public base-layer blockchain protocol to facilitate the building of decentralized applications and smart contract hosting...
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
The Solana price pulled back after it rose to an all-time high yesterday. SOL is trading at $45.30, which is...
The Solana price is notably softer this morning and lower by around 4.5%. However, SOL is parked on two important...
In the past few trading sessions, Solana has traded in a sideways market, within very narrow price margins of between...
In the past few weeks, Solana’s price has failed to establish a trend and instead has traded in a sideways...
Wondr Gaming Corp has announced that Wondr can now mint NFTs on the Solana blockchain. This adds to the company’s...
Solana (SOL) has struggled in the past few days as investors focus on the upcoming platforms like Avalanche and Crypto.com...
Solana appeared to be well into the breakout move from the bullish flag pattern on the daily chart before Wednesday’s...
Solana price has struggled lately. SOL is trading at $43.74, which is slightly below the all-time of $50.3. Its market...
Bonk price has made headlines this week as it helped to push Solana and other related cryptocurrencies much higher. The...