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What is Solana (SOL)?
Solana is an open source project implementing a new, high-performance, permissionless blockchain. The Solana Foundation is based in Geneva, Switzerland and maintains the open source project. Solana is built on top of 8 building blocks, which they call ‘innovations.’
What is a SOL token?
A SOL is the name of Solana’s native token, which can be passed to nodes in a Solana cluster in exchange for running an on-chain program or validating its output. The system may perform micropayments of fractional SOLs, which are called lamports. They are named in honor of Solana’s biggest technical influence, Leslie Lamport. A lamport has a value of 0.000000001 SOL.
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How to buy Solana (SOL) at a legit cryptocurrency exchange?
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How Solana works?
Solana uses Proof of Stake (PoS) as its consensus mechanism. PoH allows Solana nodes to process the ledger optimistically, i.e. in terms of the CAP theorem Solana is an availability preferring system, and by leveraging validator vote lockouts that increase exponentially in time, Solana’s economic finality grows probabilistically with ledger depth.
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