Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.
Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps accross the network, improving overall network efficiency.
Solana’s mission is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems.
Solana [SOL] is a token without its own blockchain. The most actual price for one Solana [SOL] is $36.83. Solana is listed on 5 exchanges with a sum of 11 active markets. The 24h volume of [SOL] is $613 207 657, while the Solana market cap is $1 667 474 963 which ranks it as #60 of all cryptocurrencies. You can find more information about Solana [SOL] on solana.com
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