Solana
SOL
Crypto
Decentralised Networks
USD 186.59-1.82%
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
107%1Y
11.4%3Y
-79.1%5Y
Performance
199/ 1841D
262/ 1771M
262/ 791Y
Highs/ Lows
22.11.2024
USD 262.94
All Time High
70.96%
% of All Time High
-32.60%All Time
-32.60%1 year
Max drawdown
#6
Ranking by Market Cap
93,074.15 M
Market cap (USD)
0.00%
% of Market
900.450 B
Category Market Cap (USD)
10.34%
% of Category
590507613
Circulating Supply
479251328
Liquid Supply
81.16%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
5348214563
Volume Traded
10.31%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
4.52
Innovation:
5.00
Society:
5.00
Nature:
4.14
Eric Strauss
Eine schnelle und günstige Layer1! Hatte in der Vergangenheit ein paar Probleme mit der Uptime aber die Probleme scheinen gelöst zu sein.
Daniela Gie
$SOL can hit $1000K during next bull run; is innovative, host $BABA ;) and very trendy and popular in the meme community(#solanasummer) https://ambcrypto.com/solana-can-hit-1000-during-its-next-bull-run-but-on-some-conditions/
Daniela Gie
Solana summer🥳
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