SOL is the blockchain Solana’s native token. Offering record speed and transaction cost, this cryptocurrency is shaping up to be one of the phenomena of 2021. Founded by a former Qualcomm and Dropbox engineer, this platform is now a serious competitor to Ethereum and Cardano in the development of decentralised finance applications, and is even overtaking Ethereum in the booming non-fungible token (NFT) sector.
In addition, Solana is based on a combination of two validation techniques: Proof of Stake and Proof of History, which consume very little electricity, unlike Bitcoin and Ethereum, which require considerable processing power to validate transactions.
View the annual performance of SOL/USD, the cryptocurrency launched in 2020
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