Solana (SOL) is a blockchain platform designed to provide a scalable, fast, and secure infrastructure for decentralized applications (dApps). It is the first web-scale blockchain, allowing Solana to build a new application layer for this platform.
In 2017, Solana was created by Anatoly Yakovenko based on the Proof of History (PoH) consensus mechanism. Thanks to this verification mechanism, Solana is capable of processing a large volume of transactions at a low cost while maintaining security. The processing speed of this platform can reach up to 65,000 TPS, much faster than other blockchains such as Bitcoin or Ethereum.
The SOL token is the native cryptocurrency of this platform and is used as a means of payment for transaction fees, buying and selling, and betting. With the advantages that this platform brings, such as fast transaction speed, low transaction fees, easy scalability, and support for multiple programming languages, it has attracted the attention of investors and developers worldwide.