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.

NewsLatest News

BIT Mining to Acquire $300M in Solana for Treasury Boost

BIT Mining aims to purchase SOL tokens in the amount of US$ 300 million. The firm is out to solidify its treasury by accumulating this heavy crypto. This step is accompanied by an increasingly large number of companies to add digital assets into reserves. Classover Holdings recently bought a blockchain reserve attributed to $1.05 million … Read more

July 13, 2025 7:56 AM GMT+03 mins read

Triparna Baishnab

Author

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

BIT Mining to Acquire $300M in Solana for Treasury Boost

Solido and Supra Team Up to Launch AutoFi-Backed DeFi Platform

Crypto Index and Altcoin ETFs Expected as SEC Signals Altcoin Shift

Backed Finance Launches Tokenized U.S. Equities on Bybit, Kraken, and Solana DeFi Platforms

Kraken Launches xStocks With 60 Tokenized US Stocks for Select Markets

Solana Breakpoint ’25: Join the Excitement in Abu Dhabi This December

OpenAI Employee Linked to New Token on Solana Breakpoint: Coin Created 5 Months Ago

Solana Faces Potential Sell Pressure After FTX Whistleblower Reveals Hidden Holdings

Kraken Partners with DeFi Development to List Tokenized Stock on Solana Blockchain

Central Asia’s First Solana Economic Zone Launches in Kazakhstan

Solana’s 2025 Surge: Institutional Tie‑Ups, Network Upgrades & L2 Momentum

Fidelity Files for Spot Solana ETF: Toward Institutional Adoption

Solana ETF Filings Amended Amid SEC Scrutiny: What It Means for Crypto Investors

Meteora Unveils ‘Rate Limiter’ to Block Sniper Bots on Token Launches

Binance Alpha and Spot Listing Trends Highlight Solana, Memecoin, and DeFi Surge

Altcoin ETF Hype Builds as Analysts Eye 90% Approval Odds for Solana, Litecoin, and Ethereum, but US CPI Data Looms as Key Market Test

Solana and Litecoin Lead the Charge for Altcoin ETFs in 2025

A Deep Dive Into the Seoul Afterwork Mixer Hosted by SOON and Superteam Korea That Brought Together 1000+ Builders, Creators, and NFT Collectors

MEXC IgniteX Partners with Superteam to Launch Comprehensive Solana Developer Program at Solana Summit

Bitget Wallet Unveils ‘Scan to Pay’ Feature with Solana Pay and VietQR Integration

Solaxy’s Layer-2 Testnet Launch: A Game-Changer for Solana’s Scalability and Investor Returns

Pump.fun Plans $1 Billion Token Sale at $4 Billion Valuation, Ignites Industry Debate Over Memecoin Platform’s True Market Value

The Impact of BlockSec’s One-Stop Security Services and Global Collaborations on Enhancing Trust and Usability in the Web3 Ecosystem at Solana Summit APAC 2025

Jupiter Co-Founder Backs Meteora’s Bonding Curve for Candle Token Launch

Solana Foundation Signs MOU with Dubai VARA to Launch Solana Economic Zone, Boosting Blockchain Innovation and Regulation

Four Pillars and Superteam Vietnam Bring Solana Mega Report V2 in Print to Solana Summit 2025, Highlighting Ecosystem, and Vision

Solana Launches Open-Source App Kit to Simplify Mobile App Development on iOS and Android with 18+ Protocol Integrations

PumpFun Moves Over 156K SOL to Kraken Signaling Big Market Activity

Lucian Mincu Questions Solana’s Decentralization After Yakovenko’s Statement

PolyFlow Taps Solana’s Attestation Service for On-Chain Identity and Payments