Solana SOL

 

 

Solana SOL

• Solana is a mainnet project that has created an ecosystem of Dapps based on faster transaction processing speed and lower fees compared to other blockchains. Solana tokens (SOLs) are used as a means of fees, staking, and governance participation.

 

UPbit

 

First issue	2020.03.	Total issue limit	Unprovided
market capitalization		Current Distribution
As of March 18, 2024 (Courtesy of Coin Market Cap)	￦ 119.6 Trillion	As of March 18, 2024 (Courtesy of Coin Market Cap)	443,895,126
As of March 18, 2024 (Courtesy of CoinGecko)	￦ 119.6 Trillion	As of March 18, 2024 (Courtesy of CoinGecko)	443,895,494

 

 

Characteristics

1. Solana has improved transaction speed and storage space by adopting the Proof of History consensus method, which is developed from the Proof of Stake (PoS) method.
2. Solana uses the Berkeley Package (BPF), a virtual machine (VM) created by the Linux Kemel community, for high performance and security.

 

Vision

• Solana dramatically increased the speed of node processing, which is a big disadvantage of the existing blockchain model. This solves the scalability problem of the blockchain platform and is evaluated as having competitiveness compared to other platforms. Based on the advantage of scalability in the future, blockchain projects based on Solana will be introduced, and the more dapps, the Solana ecosystem is expected to grow further.