https://crypto.com/price/solana

+0.15%
N/A
(24H)
0.002264 BTC
-0.12%
(24H)
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$104.11 B
$2.56 B
482.91 M SOL
N/A
591.47 M SOL
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Solana
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Solana’s price today is US$215.59, with a 24-hour trading volume of $2.56 B. SOL is +0.00% in the last 24 hours.SOL has a circulating supply of 482.91 M SOL.
Solana is a single-chain, delegated proof of stake protocol whose focus is on delivwhaering scalability without sacrificing decentralisation or security. The high throughput Solana blockchain is based on proof of history (PoH) and proof of stake (PoS). Built by a team of networking engineers, Solana aims to become the main blockchain for modern internet applications.
Solana is the brainchild of Anatoly Yakovenko. In November 2017, Yakovenko published a white paper describing a timekeeping method for distributed systems called proof of history. He argued that one of the limitations to scalability in blockchains like Bitcoin and Ethereum was the time needed to reach a consensus on the sequence of transactions. With proof of history, you are able to create historical records that prove that an event occurs during a specific moment in time, automating the overall transaction sorting process for blockchains.
In February 2018, Yakovenko and former Qualcomm colleague Greg Fitzgerald released a prototype of the first open-source implementation of Anatoly's white paper. Soon after, they, along with fellow Qualcomm colleague Stephen Akridge and three others, co-founded Solana, a name inspired by the beach that Yakovenko, Fitzgerald, and Akridge all lived in and surfed at for a period of 3 years during their Qualcomm days.
Core to Solana's scaling solution is a decentralised clock titled proof of history, built to solve the problem of time in distributed networks where there is not a single, trusted source of time. By using verifiable delay functions (VDF), PoH…