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How the value of Solana evolves
Solana is recognized in the cryptocurrency world for the incredibly short processing times offered by its blockchain. It is also characterized by an environmentally friendly approach: a Solana transaction consumes 18 times less energy than an LED light bulb. In 2021 the Solana Foundation announced that its blockchain achieved carbon neutrality, meaning that its carbon dioxide balance is zero. An important focus for Solana is to make decentralized finance accessible on a larger scale. You can quote, buy and track the price of SOL on our Cryptomkt platform.
What is Solana?
Solana (SOL) is a cryptocurrency that is focused on providing a high-speed network, with parallelizable smart contract capabilities and a low cost per transaction, without sacrificing security and with high scalability. Solana is a highly functional open source project that builds on the permissionless nature of blockchain technology to provide decentralized financial solutions (DeFi).
3 reasons to choose Solana
Carbon net zero
In 2021 the Solana Foundation announced that its blockchain achieved carbon neutrality, meaning that its carbon dioxide balance is zero.
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.
Speed and scalability
Solana is a blockchain designed to offer high transaction speed and scalability. Currently, the network is capable of processing up to 65,000 transactions per second (TPS), making it one of the fastest blockchains on the market.