Solana (SOL) Explained in 6 Easy Steps

Solana is an open source project working for DeFi solutions as a permissionless blockchain. The official cryptocurrency of the project is called SOL.

1.When was it founded and by whom?

The activities for the Solana project were initiated by the Solana Foundation based in Geneva, Switzerland in 2017. The names of the developers leading the project at the beginning are Anatoly Yakovenko and Greg Fitzgerald. Solana was officially launched in March 2020 and SOL was launched into the market.

2.SOL’s infrastructure

SOL is a DeFi-based project.

3.What does it offer to users?

SOL was created for development of decentralized applications (DApps) in DeFi ecosystem. It has an innovative approach which combines Proof of Stake (PoS) and Proof of History (PoH) algorithms. This improves scalability and utility factors in the ecosystem. It also offers low transaction fees.

4.Can SOL be mined?

SOL is a type of cryptocurrency that can be obtained by mining activities.

5.All-time low, all-time high (ATH), and total supply

SOL’s all-time low price was $0.5052 on May 11th, 2020 while all-time high price was $214.96 on September 9th, 2021. Circulating supply of the cryptocurrency is 292,839,861 SOL and the total supply is 503,684,489 SOL.

6.How to trade SOL on Paribu?

By clicking on the link, you can trade SOL on Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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