What exactly is the Solana Network (SOL)?
Solana is a single-chain, delegated-Proof-of-Stake protocol that focuses on achieving scalability without losing decentralization or security.
It was founded in late 2017 by former Qualcomm, Intel, and Dropbox employees. The Solana protocol is intended to make the construction of decentralized apps (DApps) easier. Proof-of-History (PoH), a decentralized clock built to handle the problem of time in dispersed networks where there is no one, trusted source of time, is at the heart of Solana's scaling solution. Solana has gained the interest of both small and institutional traders due to its revolutionary hybrid consensus mechanism. The Solana Foundation is working hard to make decentralized money more widely available. As of September 2021, Solana is ranked number 7 on CoinMarketCap.
SOL is the token of Solana network. The total Supply is 488,627,736.54 and SOL has been listed on many mainstream CEX, including coinbase, binance, okex and MEXC.
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