What is Solana ? Where can we buy $SOL coin?

Solana is a cryptocurrency which is created in order to improve Ethereum and it is named after a Southern California coastal city.

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The main purpose of Solana is to create a new blockchain platform for millions of users. Furthermore, some properties of $SOL such as low fees, and fast transactions on blocks affected users. It is also unique because it has a fast scalability structure. Its advantages are as below:

• High efficiency: Millions of transactions are confirmed in a very short time.
• Scalability: It is designed to support users who have a large scale. Additionally, Solana can fix the issues of scalability by utilizing low fees.
• Low Transaction Fees: Solana provides lower fees than other blockchains.
• DeFi Applications: There are lots of dApp in the ecosystem.
• Developer-Friendly: $SOL offers opportunities to users to create applications easily and flexibly.

Who are the creators and investors?

Anatoly Yakovenko, originally conceived Solana in 2017. There is also Solana Foundation to lead and promote the Solana blockchain. Besides, it worked with Solana Labs. Additionally, As a part of $Sol Labs, Yakovenko and his team started receiving funding in 2018. Then, in a Series A that lasted many months into 2019, the team successfully raised approximately $20 million privately. Solana raised an extra $1.76 million in a public token sale conducted by cryptocurrency website CoinList following the launch of its mainnet in March 2020.

How does Solana work?

There are many properties in Solana blockchain in order to make it faster and safer. Here are them:

1. Proof of History (PoH): A way of verifying the time without utilizing a classic timestamp.
2. Turbine: A block generation protocol.
3. Gulf Stream: Transaction transmission protocol without a meme pool.
4. Sealevel: Uptime for parallel smart contracts.
5. Parallelization: Ability to make multiple transactions at any one time.
6. Pipelining: A transaction component for improving validation.
7. Cloudbreak: A scaled-out account database.

Ecosystem

Many dApps are current in the ecosystem. Furthermore, popular ones between them are Phantom Wallet (decentralized wallet), RAYDIUM (DeFi application), and STAR ATLAS (Gaming/NFT). Also, it has stablecoin ($ USD coin).

What is $Sol Coin? Which exchange can we buy it from?

$Sol coin is the native token in the ecosystem and The total supply is 556,700,257 SOL and the circulating supply is 408,949,224 SOL. If you want to have SOL coin, you can register exchanges with a %20 discount and buy it from Binance, Kucoin, Huobi, OKX, Bybit, CoinEx, and MEXC.

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