Solana (SOL)

Solana is a high-performance Layer 1 blockchain designed for mass adoption by providing a fast, secure, and low-cost environment for decentralized applications. It distinguishes itself by scaling globally without the use of complex sharding or multiple layers, instead maintaining a single, unified ledger to avoid liquidity fragmentation. This architecture allows it to process thousands of transactions per second with sub-second finality, often at a cost of less than a penny per transaction. The network operates on a unique hybrid model that combines Proof of Stake with an innovation called Proof of History, which functions as a decentralized clock to timestamp transactions. This system reduces the need for constant node communication, allowing the Sealevel engine to run non-conflicting smart contracts in parallel across multiple CPU cores. Further efficiency is gained through the Gulf Stream protocol, which reduces confirmation times by forwarding transactions to validators before the current block is finished.

Description from CoinGecko.

Coin details

Name

Solana

Symbol

SOL

Market cap rank

#7

Category

Smart Contract Platform, Solana Ecosystem, Layer 1 (L1)

Runs on

Its own blockchain

Circulating supply

591,456,912 SOL

Max supply

No fixed cap

Price in INR

₹7,598.23

Tax in India

30% on gains + 1% TDS on sale

Website

solana.com

Whitepaper

solana.com/solana-whitepaper.pdf

Explorer

solscan.io

Reddit

reddit.com/r/solana

GitHub

github.com/solana-labs/solana