AGRESH SINGH

Growth II Business Development II Marketing Strategist 🚀 II DEFI II DAO Contributor II WEB 3.0 | NFT I Metaverse Investor II GameFI II DEX II…

What is Solana?

Solana is a next-generation internet platform (Web 3.0) structured as a publicly traded blockchain-based crypto network. Solana’s open-source software network coordinates decentralized computers across the globe into a fully unified, user owned and operated cloud platform. Solana supports high-speed and low-cost transactions on a single-layer blockchain alleviating the need for additional scaling solutions that other networks typically require.

The core feature of the Solana network is the ability for everyone to have equal access to all information written to the blockchain ledger. Similarly, anyone should have equal and fair access to make changes to the ledger by submitting transactions at any time.

What is SOL?

SOL is the native token of the Solana network and represents a piece of ownership in the ecosystem. The SOL token is utilized for (i) powering Decentralized Applications (dApps), (ii) making payments, (iii) paying network fees, (iv) providing network security via staking, and (v) facilitating network governance.

Source- https://solana.foundation/