Trending 
Trending
Copied ₹16324.44
₹16324.44
Market Cap
₹6.67 T 1.7037%
Circulating Supply
464345000
Max Supply
--
Volume
₹189.13 B
All Time High :
₹19286.66
All Time Low :
₹38.03
Price change in 24H :
₹231.19
24H High :
₹14655.63
24H Low :
₹14027.77
Official Links
Network information
Net Inflow ($)
Net Inflow ($)
Net Inflow ($)
Solana Coin is a blockchain platform for decentralised applications and cryptocurrencies. It aspires to provide high-performance decentralised apps (dApps) and smart contracts with fast and scalable solutions. Solana Coin achieves quick transaction processing and low fees by combining a unique proof-of-history (PoH) consensus method with a proof-of-stake (PoS) consensus model.
Solana's architecture is designed to manage high transaction throughput, with the ability to process thousands of transactions per second. As a result, it is well-suited for applications needing quick and efficient processing, such as decentralised finance (DeFi), non-fungible tokens (NFTs), and gaming platforms.
SOL is the Solana Coin network's native cryptocurrency. SOL fulfils a variety of functions throughout the ecosystem, including transaction fees, staking, and network governance.
Because of its scalability and high-speed transaction capabilities, Solana Coin has garnered traction in the blockchain and cryptocurrency world. It has piqued the interest of developers and projects seeking a platform capable of handling large-scale applications with significant transaction volumes.
Anatoly Yakovenko (@aeyakovenko) is the driving force behind Solana Coin. His professional career began with Qualcomm, where he quickly rose through the ranks and was promoted to senior staff engineer manager in 2015. Later in his career, his professional path evolved, and Yakovenko began working as a software developer at Dropbox.
In 2017, Yakovenko began work on a project that would eventually become Solana Coin. He collaborated with his Qualcomm colleague Greg Fitzgerald (@garious14) to establish Solana Labs. The Solana Coin protocol and SOL cryptocurrency were released to the public in 2020, attracting numerous more former Qualcomm colleagues in the process.
Solana Coin was created in 2020 by Solana Labs and the Solana Foundation. However, Solana Coin has been subject to several outages, and its companies have been subject to a class-action lawsuit regarding the sale of unregistered securities. The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralisation, adoption, and security of the Solana coin ecosystem. The Solana Foundation Grants Program is focused on funding efforts to further censorship resistance on the Solana Network Server Program.
High Throughput: Solana Coin is one of the quickest blockchain platforms, capable of processing thousands of transactions per second. It achieves this high throughput by combining the Proof-of-History (PoH) consensus mechanism with the Proof-of-Stake (PoS) consensus model.
Scalability: Because Solana Coin architecture is built to scale horizontally, as the network grows, so does its capability to handle more transactions and dApps. Because of its scalability, it is well-suited for applications that require quick and efficient processing.
Low prices: Solana Coin strives to keep transaction prices low while maintaining high throughput. This makes it appealing to customers and developers looking for cost-effective solutions.
Smart Contracts: Solana Coin allows smart contract execution, allowing developers to design decentralised applications with programmable functionality. It works with the Solidity programming language, which is popular in the Ethereum environment.
Token (SOL): SOL is the Solana Coin network's native coin. It is used to pay transaction fees, stake coins, and participate in network governance. SOL token holders can also earn incentives by staking their tokens to protect the network.
Ecosystem: Solana Coin has attracted an ever-expanding ecosystem of innovators and projects. It has found traction in a variety of fields, including decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and others. Solana Coin has been used to build a variety of DeFi protocols, dApps, and NFT platforms, leveraging its speed and scalability.
DeFi applications, NFTs, gaming apps, real estate applications, and autonomous operations are among the key use cases for Solana Coin. Because of Solana's smart contract feature, developers can create dApps for a wide range of use cases, including financial, gaming, and even real estate. Solana Coin main innovation is speed, which it achieves through a collection of innovative technologies, including a consensus method known as proof of history (PoH), making it an ideal platform for use cases that include conducting computations, storing data, or transacting at high speed and volume.
On May 31, Solana Coin Labs revealed that 97.4% of stakeholders had accepted the validator client v1.14 version. The platform revealed what v1.14 unlocks and how the upgrade works in a blog post.
Solana Labs emphasises that the introduction of validator client version 1.14 provides a number of notable upgrades targeted at improving the user experience on the Solana Coin network. It is crucial to note that, while certain features are included in the release, their availability is reliant on the feature gate being activated.
Version 1.14 adds permissionless deactivation of delinquent stakes, addresses the issue of blocks being skipped, and improves overall network speed. It introduces the idea of minimum stake delegation, as well as the creation of a new RPC for fetching the current minimum stake delegation, awaiting validator governance approval.
For more information on Solana Coin (SOL), visit Suncrypto Price Explorer.
