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What makes Solana so special?
Solana is a high-performance blockchain platform that uses a novel consensus algorithm called "Proof of History" (PoH) to validate transactions. It aims to provide fast and low-cost transactions while maintaining a high level of decentralization. Solana's native cryptocurrency is called SOL.
Solana (SOL) had a starting price of $0.04 during its initial seed sale on April 5, 2018. The price of SOL has fluctuated over the years, with a low of $0.50 in May 2020, and a high of $258.93 in November 2021. As of May 19, 2024, the price of SOL is $170.44, which is 34,365.34% higher than its all-time low.
SOLANA (SOL) STAKING REWARDS: TRANSFORM YOUR CRYPTO JOURNEY
WHAT IS SOLANA: A BRIEF EXPLANATION
Scalability and transaction speed are among the biggest technological challenges facing blockchain developers today. Solana, an open-source blockchain platform launched in 2020, offers a solution to both issues. It is a young project with enormous potential to become a significant player in the crypto space, possibly challenging Ethereum for the title of the main hub for decentralized applications (dApps), blockchain gaming, and NFT projects. To realize this ...  more
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