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Solana
Decentralized blockchain clock
Solana Network and crypto were created by Anatoly Yakovenko who had no interest in the digital currency market. He accidently started mining bitcoins while carrying out his projects. After a while, he found out the bitcoin hashing algorithm. After that he decided to build a decentralized clock/timer on the blockchain platform that is called PoH today.
Best Wallets for Solanas
Keeping Solana in the following wallets, ensures your security.Best Exchanges to Trade Solana
Buy & sell Solana in the best online exchanges to stay safe and up to date.
Binance


Coinbase Pro


Kraken


Kucoin


Bithumb


Bitfinex


Gemini


AscendEX


Bittrex


Poloniex


Indodax


itbit

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cryptocurrrencies similar to Solana
Know more about Solana
The Solana crypto (SOL) is the local currency of the Solana blockchain. Solana Blockchain is an open-source network in which transactions are much faster than ethereum or Bitcoin. Solana started in Geneva, Switzerland, in 2017 and then opened programming labs in San Francisco. Anatoly Yakovenko is the founder of Solana.
What is Solana?
Yankovenko always thought about a blockchain with high speed and lower fees. He implemented solana in the C programming language. Then, with the help of his colleague Greg Fitzgerald, they migrated the code to the Rust programming language. Solana Revolutionary White Paper was released in November 2017 and changed the world of blockchains.
Solana is a platform for creating applications that are both decentralized and scalable. It is also the fastest-growing crypto ecosystem. Scale is what other blockchains did not have until Solana. Solana is a proof of stock (PoS) that uses a new technology called Proof of History (PoH).
Proof of history is vital because formerly the nodes in the other blockchains were each dependent on their local time. This local time was the reason for slow transactions. Solana has solved this problem by considering a fixed clock. That is why the transaction speed is higher in solana.
Solana also has its local cryptocurrency. According to Coinmarketcap Solana digital currency is currently the fifth most common currency on the market.
Solana Fee
Solana is currently one of the fastest blockchains with a capacity of 50,000 transactions per second, each lasting only 400 milliseconds.
Solana's network fee is only $ 0.00025. This unique feature of Solana has made it one of the cheapest and most cost-effective networks.
Solana Crypto
Solana Crypto or SOL is one of the most popular cryptocurrencies in the market. Because of the growth potential of solana, there is room for capital growth and development, and it is always one of the best options for investing in the digital currency market.
Solana Digital Wallet
Currently the Trust Wallet and the Ledger Nano X hardware wallet support solana.