Solana
SOL
Crypto
Decentralised Networks
USD 104.94+3.16%
Solana
UMushroom community rating:
About
Decentralised Networks
CategoryProof Of Stake
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2020
Year of creation
Description
Solana (SOL) is a Decentralised Networks crypto coin. The coins can be earned through the process of staking and validating. Solana`s origin block was generated on 2020-03-16. More information can be found at https://solana.com.
Key Technical Advantages:
The proposed blockchain architecture is based on Proof of History (PoH), a method for verifying the order and passage of time between events, leading to sub-second finality times. PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine when used with consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS). The proposed system can achieve up to 710k transactions per second on a 1 Gbps network with current hardware, making it highly efficient compared to existing solutions. Bonding and slashing mechanisms in the Proof of Stake Consensus ensure validator accountability, and a supermajority vote (2/3 of validators) is needed for network consensus. The architecture is designed to resist various attacks, such as spam, partial erasure, and collusion with PoH generator, maintaining network security and stability. Content summarized by AI chatbotSource:
https://solana.com/solana-whitepaper.pdfKey figures
-50.4%1Y
315%3Y
2,093%5Y
Performance
104/ 981D
147/ 981M
251/ 971Y
Highs/ Lows
24.01.2025
USD 269.03
All Time High
39.01%
% of All Time High
-63.87%All Time
-60.90%1 year
Max drawdown
#7
Ranking by Market Cap
57,070.23 M
Market cap (USD)
0.00%
% of Market
684.530 B
Category Market Cap (USD)
8.34%
% of Category
619584059
Circulating Supply
566431085
Liquid Supply
91.42%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
7933722457
Volume Traded
9.45%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
3.78
Innovation:
3.95
Society:
3.50
Nature:
3.30
Joshua Haywood
Volatile
Daniel Brailsford
11
Wesley Jefferson Yap
so so
RECOMMENDED CRYPTOS
