Solana (SOL) / USD
$21.29 5.61%up Solana current price is $21.29 with a marketcap of 8.79 B. Its price is 5.61% up in last 24 hours.
Founded in 2017, Solana is a platform based on a blockchain network primarily intended to accommodate decentralized applications for scale. The crypto asset based on Solana’s platform is known and traded as SOL or SOLUSD. For easy comparison, Solana is designed for speeds far greater than the blockchains of Ethereum and Bitcoin, at just a fraction of the transaction fees. One of the main reasons for this increased efficiency is that Solana uses the proof-of-stake methodology combined with the latest proof-of-history protocol.
How The SOLANA Blockchain Works?
Proof-of-stake is a consensus mechanism by which crypto assets are locked up in the validation nodes, as they are staked by crypto asset miners (known as stakers). On the other hand, proof-of-history has an in-built mechanism that keeps time and acts as a verifiable clock so that nodes are pre-disposed to pass in the network without depending on other nodes. This reduced dependency is what contributes to Solana’s increased efficiency. Anatoly Yakovenko is the co-founder of Solana and has described the working of proof-of-history in detail as part of the whitepaper published in 2017. Yakovenko referred to this free passage between events as a ‘trustless’ channel for the time within a ledger. The inclusion of this standardised clock within the blockchain network is the critical functionality that synchronizes the entire network to provide lightning-fast turnaround times for transactions. In theory, the estimated transactions per second on Solana are 710,000 TPS on a standard grid and can even reach speeds of up to 28.4 million TPS on a 40-gigabyte network.
How to Buy SOLANA Coin?
You can get started with just a few easy steps:
- Register on ZebPay crypto exchange, and create an account.
- As standard verification, upload your documents and complete the KYC process.
- Choose the amount of money you want to invest and load your virtual wallet.
- Buy Solana with the deposited funds.
Why Buy SOLANA Coin With ZebPay?
- ZebPay provides live market capitalization details for SOL and many other top-performing crypto assets.
- It is always good to have multiple avenues for capital gains for your investments, such as the lending & holding features provided on ZebPay.
- It is suggested to trade on a platform such as ZebPay as they have over 5 million users since 2014 and provide helpful tips and guidelines for new users.
- Market cap $8.79 B 0.81 % of Crypto Market
- Volume (24h) $339.99 M 85.26%
- 52 Week Low $8.14
- 52 Week High $38.55
- All Time Low $0.51
- All Time High $260.06
- Total Supply 558.81 M
- Max Supply n/a
- Circulating Supply 412.99 M
- CMC Rank 8
- 7D% Change 9.01%
- Returns YTD 113.13%
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