Solana is one of the open-source blockchains which hosts decentralized applications (dApps), scalable smart contracts, and non-fungible tokens (NFTs).

What is the Consensus mechanism?

A consensus mechanism is a system of nodes which is programmed to achieve distributed agreements, trust, and security across decentralized computer networks. In the blockchain network, the Consensus mechanism validates transactions and builds trust among traders.

What consensus does Solana use?

Solana employs a Proof-of-Stake consensus algorithm with a unique Proof-of-History feature. It enables fast, cost-effective, high-throughput transactions with low latency within the ecosystem.

What is Proof-of-History Protocol?

Proof-of-history is a cryptographic protocol that creates a historical record to prove the existence of data at a specific time frame.

How fast are Solana Transactions?

Compared to other blockchains, Solana is one of the fastest blockchains in the crypto world. With its consensus algorithm, this unique blockchain can handle 65000 transactions per second.

What is the role of SOL in the Solana Ecosystem?

The native cryptocurrency of Solana is SOL. Primarily, SOL can be used in the Solana Ecosystem for the major reasons like Multiple transactions Secure Staking Participating in Governance decisions.

Can Solana's SOL be used to buy NFTs

Yes. Solana's SOL supports users in buying and creating non-fungible tokens (NFTs). You can purchase NFTs as follows Buy SOL on a reputable crypto exchange, like Binance or Coinbase Transfer SOL to a wallet that's compatible with Solana Network Navigate to the Solana NFT marketplace Purchase the NFTs

What is the use of Solana in real life?

Solana can be ideal for real-time allocations like: Games Financial Services Creating Decentralized Autonomous Organizations

Can Solana be used for cross-border payments?

Obviously, Yes. Since Solana's blockchain offers high-speed and charges low transaction fees, Solana is one of the suitable networks for accessing cross-border payments.

Which Wallets support Solana?

Solana's SOL can be exchanged, staked, and stored in the Wallets like: Desktop Wallets, Mobile Wallets, and Hardware Wallets. Some of the most trustable wallets are: Ledger Phantom Solfare Trust Wallet Nano X

Solana (SOL) News: Latest Updates, Headlines & Analysis

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

Solana (SOL) News: Latest Updates, Headlines & Analysis

Solana ETFs: $2.07M Inflows Signal Strong Investor Interest

Fidelity SOL Staking ETF Goes Live November 19 in Major Debut

VanEck Debuts Solana ETF as Grayscale Prepares Nov 24 Dogecoin ETF

Crypto ETF Flows Show BTC Out, SOL and XRP In This Week

Upexi Drops $50M Buyback Bombshell — SOL Treasury Could Send Shares Into Orbit!

Hyperliquid Whale Adds 35K SOL, Keeps $29M BTC Long Active

Bitcoin and Ethereum Struggle as Solana Stands Out in a Volatile ETF Market

Phantom Wallet Solana Focus Strengthens Crypto Growth Strategy

Solana’s Proof of History Is Changing Blockchain Forever — Here’s How It Works

Crypto ETF Flows Reveal Investor Trends in November 2025

Crypto Funds See $1.17B Weekly Outflows, CoinShares Reports

Solana ETFs Inflows Top $400M as SOL Loses Key Support

Bitwise Clients Buy $69.5M in Solana

bbSOL Anchorage Support Secures Safer Staking on Solana

Bitwise Solana Staking ETF Certified for Listing by NYSE Arca

Solana Whale Activity Confirms Growing Institutional Interest

Whale Buys $47M in Solana, Boosting Market Confidence

Solana Joins Bitcoin, Ethereum as Hong Kong Approves Spot ETF

Solana Gains Institutional Attention with Scaling and ETF

QMMM Crashes After SEC Charges Over $100M Crypto Plan

Galaxy Digital Deposits $51M SOL to Binance, Whale Moves Watch

Solana’s REV Surges to $223 Million in Q3, Surpassing Tron

Solana Reclaims the No.1 Spot in 24-Hour DEX Volume

Solana Surpasses 100,000 TPS During Massive Liquidation Event

Pudgy Penguins, Sharps Merge NFTs with Solana Finance

Sharps Technology Partners with Coinbase to Grow Its Digital Asset

$7.6M Solana Long: Top Hyperliquid Trader Bets Big Amid Market Consolidation

Solana Expands in China with “Accelerate APAC” Events in Shanghai, Hangzhou, and Shenzhen

Japan Gets First Solana Treasury via DeFi Development, Superteam

Solana and BNB Chain Stablecoin Supply Hits Record Highs