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  • Nakamoto Coefficient at 27! June 30, 2022
    https://solanabeach.io/validators submitted by /u/Current_North4661 [link] [comments]
    /u/Current_North4661
  • Fast unpacking of account data from snapshots June 30, 2022
    submitted by /u/7LayerMagikCookieBar [link] [comments]
    /u/7LayerMagikCookieBar
  • 414 Solana lost? Sent to address, with one letter not in Caps. What can I do? June 30, 2022
    submitted by /u/KforKenzo [link] [comments]
    /u/KforKenzo
  • What are your thoughts about Mercurial and Jupiter. June 30, 2022
    Both are made by the same team and both turned out quite differently. What do you think? submitted by /u/Complex-Taro-4042 [link] [comments]
    /u/Complex-Taro-4042
  • Coinbase Staking. June 29, 2022
    I haven't seen this announced anywhere but I just noticed my $SOL is now getting 3.85% on Coinbase submitted by /u/Draynick86 [link] [comments]
    /u/Draynick86
  • Fastest Growing Projects in the SOL ecossystem. What are you tracking rn June 29, 2022
    Despite what the haters say, the sol ecosystem still remains the fastest growing of all the web3 chains. The rate of innovation cannot disputed and which is one of the main reason why I'm bullish on Solana. Areas of innovation that I'm paying close attention to right now: Metaverse-based finance protocols - Larix Continuous settlement […]
    /u/JobAffectionate7470
  • In search for Job. June 29, 2022
    Hey there, I'm in search of Defi job, I can do all of these: Junior Blockchain Development/Marketing/Project Management/Community Moderation/Telegram Shill Bot/crypto Analysis/Crypto YouTuber If you ever need any of my services or you have someone who does, please let me know. I'd appreciate. submitted by /u/Brilliant_Work_4766 [link] [comments]
    /u/Brilliant_Work_4766
  • Newbie seeking for advice June 29, 2022
    Hello guys I am new to Solana Nft and This morning I just entered the scam link with my burner wallet (wallet 3) and when I found out I Revoke it and remove that wallet 3 immediately.. But The one thing I wanna know is is it safe for wallet 1 and 2 even if […]
    /u/PaingKhant
  • Thank you Solana F for a great week at the hacker house in Barcelona! June 29, 2022
    submitted by /u/Magic-Fabric [link] [comments]
    /u/Magic-Fabric
  • Crypto accounting software for web 3 companies June 29, 2022
    Hi all, Check out Coinbooks -- a Crypto accounting software for web 3 companies (think Quickbooks for Crypto). It helps you reconcile crypto transactions seamlessly for your company. Crypto accounting is extremely time-consuming, lengthy, and it's hard to find values like cost basis, unrealized/realized gains/losses, and gas fees. With Coinbooks, it becomes seamless to reconcile […]
    /u/Choice_Mix5166

What Is Solana ?

Solana platform, built mainly as a secure, fast and scalable decentralized blockchain that functions at fifty thousand transactions per second for decentralized apps and organizations.

Solana was designed to scale blockchain without sacrificing security and decentralization. One of the tools, Solana is deploying for the scaling solution, is a decentralized clock titled Proof-of-History (PoH).This is built to solve the problem of time in decentralized networks where such is lacking, not even a single source of time. By using Verifiable Delay Functions, Proof-of-History (PoH) allows each node to generate timestamps for usage, eliminating any form of broadcast of timestamps across the network. This improves the overall network efficiency.

Solana uses a variation of the Practical Byzantine Fault Tolerance algorithm to achieve more than 50,000 transactions per second. The aim of Solana is to have a network, at-least as fast as a single node. This architecture eliminates bandwidth bottlenecks that often reduce scalability on other chains.

Solana partnered with FTX’s Serum to launch “Wormhole”- a decentralized bridge for Ethereum ERC-20 tokens. Wormhole will allow users to transfer value between different blockchains.

Features of Solana

  • Proof of History-this guarantees Speed.
  • Scaling Without Sharding
  • Distributed Web Services and Storage

Solana Team

The team is made up of highly experienced professionals who are so dedicated and passionate about Solana project.

The team is led by Anatoly Yakovenko – CEO and the founder. Anatoly led the development of operating systems at Qualcomm, compression at Dropbox and distributed systems at Mesosphere.

Other members of the team include:

Greg Fitzgerald –he is the CTO

Raj Gokal-he is the COO

Eric Williams, PhD –he is the Chief Scientist

Use Cases of Solana (SOL)

  • Solana (SOL) is used for staking & validation,
  • Solana (SOL) tokens are used for direct peer-to-peer trading between cryptocurrencies.
  • Solana (SOL) token is used as the exchange value that powers the network.
  • Solana (SOL) is used as a timestamp across multiple blockchains.

Mining of Solana (SOL)

Solana uses Proof-of-Stake (PoS) consensus mechanism to mine. Validators run the network and process transactions. Remember, these validators are chosen based on the amount of stakes, they staked in the network. The highest validators are mostly chosen to input transactions on the blockchain and when they do such, they earn tokens. Sometimes, validators allocate their slots to delegators (stakers who couldn’t make the validators’ list) in other to earn more from delegators.

Holding SOL tokens can also be a fine way to earn as the unit price of SOL token is appreciating.

SOL tokens are available at the major exchanges such as Binance, FTX, OKEx, Hoo, MXC.COM etc.

 

Notes for Investors

Solana (SOL) is one of the high scaling decentralized blockchains presently. The steady rise of the token is a reflection of its technological innovations in the blockchain industry. Solana (SOL) assembled highly skilled professionals in the blockchain sphere to make their project, problem solving.

Presently, the unit price of Solana (SOL) is $1.85 USD (+31.00%) while the market cap is $85,057,396 USD; the circulating supply is 45,883,527 SOL and presently ranked 99th in the cryptocurrency market.

Solana (SOL) will never be considered a bad investment option when considering the above statistics.

Quick Disclaimer

This report is not in anyway, recommending Solana (SOL for investment. The crypto market is presently unstable and unpredictable. Please, consider this publication informational, just to educate the public.