{"id":3678,"date":"2023-09-08T18:09:52","date_gmt":"2023-09-08T18:09:52","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3678"},"modified":"2025-09-26T18:57:44","modified_gmt":"2025-09-26T15:57:44","slug":"what-is-solana-where-can-we-sol-coin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/","title":{"rendered":"What is Solana (SOL)?"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Solana<\/strong> is an open-source blockchain network designed for decentralized finance (DeFi), <a href=\"https:\/\/coinengineer.net\/blog\/category\/project-review\/nft-projects\/\"><strong>NFTs<\/strong><\/a>, and Web3 applications, standing out for its high speed and low transaction costs. Its key innovation combines Proof of History (PoH) and Proof of Stake (PoS) mechanisms, enabling thousands of transactions per second.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11587 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana-1024x565.png\" alt=\"Solana\" width=\"1020\" height=\"563\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana-1024x565.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana-300x165.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana-768x423.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.png 1043w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Team_and_Founders\" title=\"Team and Founders\u00a0\">Team and Founders\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Investors_and_Notable_Partners\" title=\"Investors and Notable Partners\u00a0\">Investors and Notable Partners\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Project_Concept\" title=\"Project Concept\">Project Concept<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#How_the_Project_Works\" title=\"How the Project Works\u00a0\">How the Project Works\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Governance\" title=\"Governance\">Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Roadmap_Key_Milestones\" title=\"Roadmap (Key Milestones)\u00a0\">Roadmap (Key Milestones)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Solana_Tokens\" title=\"Solana Tokens\">Solana Tokens<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Token_Programs\" title=\"Token Programs\u00a0\">Token Programs\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Token_Use_Cases\" title=\"Token Use Cases\u00a0\">Token Use Cases\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Solana_SOL_Token_Information\" title=\"Solana (SOL) Token Information\u00a0\">Solana (SOL) Token Information\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Token_Allocation\" title=\"Token Allocation\u00a0\">Token Allocation\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Ecosystem\" title=\"Ecosystem\u00a0\">Ecosystem\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#Features\" title=\"Features\u00a0\">Features\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/coinengineer.net\/blog\/what-is-solana-where-can-we-sol-coin\/#_Official_Link\" title=\"\u00a0Official Link\">\u00a0Official Link<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Team_and_Founders\"><\/span><span data-contrast=\"auto\">Team and Founders<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Anatoly Yakovenko: Founder of Solana with a background at Qualcomm and Dropbox. He developed the PoH concept in 2017, launching the project.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Greg Fitzgerald: Former Qualcomm colleague and co-founder of Solana Labs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Other Team Members: Engineers and cryptography experts from tech giants like Qualcomm, Intel, and Google.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52490 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-team-1024x357.png\" alt=\"\" width=\"1020\" height=\"356\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-team-1024x357.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-team-300x105.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-team-768x268.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-team.png 1077w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors_and_Notable_Partners\"><\/span><span data-contrast=\"auto\">Investors and Notable Partners<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Investors: Andreessen Horowitz (a16z), Polychain Capital, Multicoin Capital, Alameda Research.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Partnerships: Serum (DEX), Mango Markets, Magic Eden (NFT marketplace), Helium, Circle (USDC), Tether (USDT).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ecosystem Collaborations: Audius, StepN, Star Atlas (gaming and social apps).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Project_Concept\"><\/span><span data-contrast=\"auto\">Project Concept<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Solana aims to solve speed and transaction cost issues faced by Ethereum and similar networks. Its goal is to become the \u201cVisa of the crypto world.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Project_Works\"><\/span><span data-contrast=\"auto\">How the Project Works<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Proof of History (PoH): Provides a reliable timestamp for transactions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Proof of Stake (PoS): Validators confirm PoH outputs to ensure network security.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Proof of Replication: Mechanism for verifying secure copies of data.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Actual Capacity: 2,000\u20133,000 TPS, theoretically scalable up to 710,000 TPS.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52491 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-work.png\" alt=\"\" width=\"968\" height=\"388\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-work.png 968w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-work-300x120.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-work-768x308.png 768w\" sizes=\"auto, (max-width: 968px) 100vw, 968px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Governance\"><\/span><span data-contrast=\"auto\">Governance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">The Solana Foundation provides decentralized governance mechanisms for network development and community support. SOL holders can contribute to network security through staking and delegation while participating in decision-making processes.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Roadmap_Key_Milestones\"><\/span><span data-contrast=\"auto\">Roadmap (Key Milestones)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">September 2024: Frankendancer \u2013 test-scale hybrid client (200k TPS).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">January 2025: Firedancer validator client on mainnet, targeting 1 million TPS.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">May 2025: Compute Unit limit raised to 60M, boosting performance.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Future: APE (Asynchronous Program Execution) to separate execution and consensus.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Solana_Tokens\"><\/span><span data-contrast=\"auto\">Solana Tokens<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Solana tokens are known as SPL Tokens and represent digital assets such as currencies, project tokens, or NFTs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Mint Account: Defines the token\u2019s identity and total supply.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Token Account: Shows how many tokens a specific wallet holds.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Associated Token Account: Special token account automatically linked to a wallet address.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13331 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/solana-sol-1024x576.webp\" alt=\"solana\" width=\"1020\" height=\"574\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/solana-sol-1024x576.webp 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/solana-sol-300x169.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/solana-sol-768x432.webp 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/solana-sol.webp 1200w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Token_Programs\"><\/span><span data-contrast=\"auto\">Token Programs<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span data-contrast=\"auto\">Token Program: Enables standard token transfers and operations.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Token Extension Program (Token 2022): Offers additional security and functionalities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Token_Use_Cases\"><\/span><span data-contrast=\"auto\">Token Use Cases<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Staking: Support validators and earn rewards.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Transaction Fees: Low-cost transfers (average $0.00025).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">DeFi &amp; NFTs: Payments, liquidity provision, and governance participation.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52492 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-nft-1024x555.jpg\" alt=\"\" width=\"1020\" height=\"553\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-nft-1024x555.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-nft-300x163.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-nft-768x416.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-nft.jpg 1199w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Solana_SOL_Token_Information\"><\/span><span data-contrast=\"auto\">Solana (SOL) Token Information<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Name: Solana<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Symbol: SOL<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Circulating Supply: 543.51 million SOL<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Total Supply: 610.6 million SOL<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Maximum Supply: Unlimited (new supply added via inflation)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Token_Allocation\"><\/span><span data-contrast=\"auto\">Token Allocation<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Seed Sale: 16.23%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Founding Sale: 12.92%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Team: 12.79%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Solana Foundation: 10.46%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Remaining: Community and market circulation<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ecosystem\"><\/span><span data-contrast=\"auto\">Ecosystem<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">DeFi: Serum, Mango Markets, Raydium<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">NFT: Magic Eden, Degenerate Apes<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Gaming: Star Atlas, StepN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Infrastructure: Wormhole bridge, Solana Pay<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Mobile: Solana Mobile Stack &amp; Saga phone<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52493 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-defi.png\" alt=\"\" width=\"907\" height=\"371\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-defi.png 907w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-defi-300x123.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/solana-defi-768x314.png 768w\" sizes=\"auto, (max-width: 907px) 100vw, 907px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features\"><\/span><span data-contrast=\"auto\">Features<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">High transaction speed (theoretical 710k TPS)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Low transaction costs<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Strong investor and partnership support<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Rapidly growing NFT and DeFi ecosystem<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Mobile Web3 integration<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"_Official_Link\"><\/span><span data-ccp-props=\"{}\">\u00a0Official Link<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/solana.com\/tr\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/solana\">Twitter<\/a><\/li>\n<li><a href=\"https:\/\/t.me\/solana\">Telegram<\/a><\/li>\n<li><a href=\"https:\/\/solana.org\/about\">Solana Foundation<\/a><\/li>\n<\/ul>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana is an open-source blockchain network designed for decentralized finance (DeFi), NFTs, and Web3 applications, standing out for its high speed and low transaction costs. Its key innovation combines Proof of History (PoH) and Proof of Stake (PoS) mechanisms, enabling thousands of transactions per second.\u00a0 Team and Founders\u00a0 Anatoly Yakovenko: Founder of Solana with a<\/p>\n","protected":false},"author":1,"featured_media":52488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[22,1242,93,1243,319],"class_list":["post-3678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-binance","tag-coinlist","tag-defi","tag-phantom","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Solana (SOL)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Solana is a cryptocurrency that was created in order to improve Ethereum. 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