Solana price today.
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How the value of Solana evolves
In 2021, the Solana Foundation announced that its blockchain had achieved carbon neutrality, meaning its carbon dioxide balance is zero. This achievement underscores Solana's commitment to sustainability and environmental responsibility. It also features an environmentally friendly proposition: a Solana transaction consumes 18 times less energy than an LED bulb.
What is Solana?
Solana (SOL) is a cryptocurrency that focuses on providing a high-speed network with the ability to execute parallelizable smart contracts and low transaction costs, without compromising security and with significant scalability. Solana is a highly functional open-source project that relies on the permissionless nature of blockchain technology to provide decentralized financial (DeFi) solutions. Solana crypto is recognized in the cryptocurrency world for its blockchain's incredibly short processing times.
3 reasons to choose Solana
1
Carbon neutrality
Carbon neutrality means that the Solana blockchain's operations have a net-zero carbon footprint, effectively balancing any carbon dioxide emissions associated with its activities with an equivalent amount of carbon offsets.
2
Low cost
Solana's consensus model, known as Proof of History (PoH), allows the network to process transactions more efficiently and economically than other blockchains. In addition, the average transaction price on Solana is significantly lower than on other blockchains such as Ethereum.
3
Speed and scalability
Solana is a blockchain designed to provide high transaction speed and scalability. The network is capable of processing up to 65,000 transactions per second (TPS), making it one of the fastest blockchains available on the market.
