php editor Youzi will introduce to you how to add SOL chain to TP wallet. SOL chain is the chain name of Solana blockchain. Adding this chain can facilitate users to manage and trade SOL assets in TP wallet. The steps to add a SOL chain are simple. Through the operation tutorial in this article, you can easily complete the process of adding a SOL chain, allowing you to manage your digital assets more conveniently.
Adding a SOL chain is relatively simple and can be completed in just a few simple steps. The key is to choose a cryptocurrency wallet that supports the SOL chain. The following is a tutorial for adding the SOL chain to the TP wallet:
1. Open TokenPocket App, click on the upper left corner to switch to the bottom layer of the wallet, then select Solana, and click [Add Wallet]
2. Click [Import Wallet], click [Private Key Import] or [Mnemonic Phrase Import]
3. Take the mnemonic phrase import as an example. Enter the backed up [Mnemonic Phrase], [Wallet Name], and [Password], check [Service and Privacy Terms]; click [Import Wallet]. At this point, you have successfully imported the Solana wallet.
There are 37 common currencies in the SOL chain, including SOL, LUNC, AKT, RAY, AUDIO, etc. Solana is a high-performance public chain with three core characteristics: scalability, decentralization and low cost. The core of its expansion plan is the decentralized clock of Proof of History (PoH). Through the verifiable delay function, PoH allows each node to generate timestamps locally using the SHA256 algorithm, eliminating the need to broadcast timestamps in the network, thus improving the entire network efficiency. The following is a detailed introduction of the currency:
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby improving network security.
Terra is an algorithmic stablecoin platform that runs on Proof of Stake (PoS) built using Tendermint, which is the bottom layer of the Proof of Stake blockchain.
LUNA is Terra’s platform token, used for the issuance of stablecoins (TerraSDRs), price stabilization mechanism, and network governance. Users can exchange LUNA tokens for TerraSDRs stablecoins and vice versa. In this way, the price stability of the stablecoin is guaranteed.
Akash is a decentralized cloud computing market, a decentralized cloud (DeCloud) designed for DeFi, which can release 85% of the 8.4 million data centers Underutilized cloud computing power. Akash enables anyone to buy and sell unused computing power.
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for decentralized exchanges (DEX) ). Raydium has first-mover advantage as an AMM in Serum and will be integral in bringing new and existing projects and protocols into the ecosystem.
Audius is a decentralized music sharing and streaming protocol designed to facilitate direct transactions between listeners and creators, allowing everyone to distribute freely, Commercialize and stream any audio content.
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