SOLUSD
Solana
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About SOLUSD
Layer 1
Mar 24, 2020
SOL is the native cryptocurrency of the Solana blockchain, designed to facilitate transactions and support the network’s operations. Launched in 2020, Solana uses a hybrid consensus mechanism combining Proof of Stake (PoS) and Proof of History (PoH) to enable high-speed transactions (up to 65,000 TPS) with low fees. It serves as a platform for decentralized applications (DApps), smart contracts, and decentralized finance (DeFi) protocols, as well as non-fungible tokens (NFTs). SOL holders can stake their tokens to participate in network governance and earn rewards. While it has faced scalability and reliability challenges, Solana remains a top cryptocurrency by market capitalization, valued for its technological innovation and growing ecosystem.
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