Solana rate


What is Solana

The Solana (SOL) protocol is is a highly functional open-source platform designed to facilitate decentralized app (DApp) creation and decentralized finance (DeFi) solutions. It aims to improve blockchain scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of this innovative hybrid consensus model, Solana sees a lot of interest from small-time to institutional investors. A significant focus for the Solana Foundation is to make decentralized finance (DeFi) accessible on a large scale. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. You can safely and reliably buy and sell SOL on LiteBit.

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