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

Big Solana ($SOL) Short by Top Trader Raises Eyebrows

Sharps BONK Partnership Lets Company Stake $450M in Solana

Solana Sees 2.25 Billion USDC Minted In September

Forward Industries Plans to Grow Big with Solana Investment

Solana Smart Money Address Nets Over $1.3 Million in 30 Days

Galaxy Digital’s Buy Sparks $1.16 Billion Solana Market Move

Solana Treasuries Are Booming Like Pi Network

Forward Industries Raises 1.65 Billion For Solana Treasury

Sharps Technology Strengthens Solana with $400M Push

Kraken Expands EU Access To Over 60 Tokenized US Stocks

Solana Market Cap Surges to $120 Billion Amid Crypto Rally

$17M Shorts Wiped Out As Solana Price Breaks $220

SwissBorg CEO Assures Users After SOL Exploit, Pledges Full Coverage

Forward Solana Treasury Secures $1.65B for Ecosystem Growth

Solana Whale Transfer Sparks Excitement: 3.6 Million SOL Moved

Crypto Market Liquidated $100 Million In Just One Hour

Solana Hype Reaches 11 Week High With 16% Gain

Galaxy, Jump and Multicoin To Raise $1 Billion For Solana

Binance Transfers 82,500 SOL to Wintermute Ahead of Unlock

Solana Mobile Hackathon Deadline Nears as Ecosystem Grows

Solana ETF Applications Heat Up with Big Names Involved

ARK Invest SOL Staking Partner Revealed as SOL Strategies

Exceed Finance Launches Super Staking on Solana with 40% APY

Solana Memecoin Pushes Past $40M Market Cap in 24 Hours

Solana Proposes 66% Capacity Boost with SIMD‑0286 Upgrade

Jito Labs Revolutionizing Transaction Processing on Solana

Solana Surges 12% to $202 as RAY, JUP, PENGU Lead Rally

Crypto Token Unlocks in July 2025 May Trigger Market Volatility

Solana Surpasses Ethereum and BNB in DEX Volume

Solana Realms v2: DAO Governance with New Features

Binance Transfers 82,500 SOL to Wintermute Ahead of Unlock