Learn more about moneyandinvestments with this collection
Understanding the basics of blockchain technology
The benefits and challenges of using blockchain
The future of blockchain technology
How is the Solana Network Secured?
- Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
- Proof-of-history is the main component of the Solana protocol. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
- The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
- The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
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Where can you buy Solana (SOL)?
SOL tokens can be purchased on most exchanges:
- Binance (Usually it has the highest SOL/USDT trading volume)
- Okex
- Bilaxy
- Huobi Global.
Don’t Risk More Than You Can Afford to Lose!
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What is Solana (SOL)?
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
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How many Solana (SOL) coins are there in circulation?
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation.
At the moment(June 16, 2021), about 270 million of these have already entered the market.
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- The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a pr...
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Token distribution
The SOL token distribution is as follows:
- 16.23% went towards an initial seed sale.
- 12.92% of tokens were dedicated to a founding sale.
- 12.79% of SOL coins were distributed among team members.
- 10.46% of tokens were given to the Solana Foundation.
- The re...
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What makes Solana unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana can proces...
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Who are the founders of Solana?
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm. Later on, Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started w...
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Related collections
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- The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a pr...
How Is the Chainlink Network Secured?
- As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable.
What makes Solana unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana can proces...
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