Solana (SOL)

Solana is a programmable blockchain designed to provide a high-performance and decentralized platform for building and distributing applications and services. It was created by Anatoly Yakovenko in 2017 and launched in March 2020. Solana's key feature is its high scalability, offering up to 65,000 transactions per second through its unique consensus mechanism called Proof of History (PoH). PoH enables nodes to produce a verifiable and time-stamped sequence of hashes, which reduces the time and computational effort it takes to reach consensus. The SOL token is Solana's native utility token, used for payments, governance, and staking. It was initially used to raise funds for the project through an initial coin offering (ICO) in March 2020. Solana has attracted significant attention and investment from the industry, with big players such as FTX, Alameda Research, and Serum building on its network. It has also been listed on several leading cryptocurrency exchanges, including Binance, Coinbase, and Kraken.