What currency is Solana?

Solana Coin (SOL) is the native cryptocurrency used for transaction fees, network governance and staking rewards, running on the high-speed, scalable Solana blockchain platform. The platform uses a proof-of-history consensus mechanism and supports thousands of transactions per second. In addition to blockchain functionality, SOL can also be used to purchase goods and DeFi applications.

#Solana Coin is the native cryptocurrency of the Solana blockchain.

Solana Blockchain is a high-performance blockchain platform designed for scalability and high throughput. It uses a unique consensus mechanism called Proof of History (PoH), which allows the network to process thousands of transactions per second.

Solana Coin (SOL) is used as transaction fees, network governance, and staking rewards on the blockchain. It is also used to purchase goods and services, and in decentralized finance (DeFi) applications.

Solana Coin was launched in 2020 and has since become one of the top ten cryptocurrencies by market capitalization. It is popular for its speed, scalability, and low transaction costs.

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