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What is the Solana token (SOL)? Solana (SOL) is a cryptocurrency and the native token of the Solana blockchain platform, known for its high transaction speed and low fees. It was created in 2017 by Anatoly Yakovenko and designed to support scalable decentralized applications (dApps) and smart contracts.
Key features of SOL: Fast transactions - Solana is capable of processing over 65,000 transactions per second thanks to the unique Proof-of-History (PoH) mechanism, which complements the traditional Proof-of-Stake (PoS).
Low fees – the cost of transactions on the Solana network is significantly lower than that of competitors such as Ethereum.
The use in the ecosystem - SOL is used to pay for commissions, staking, and voting for changes in the network.
Solana has become popular among DeFi project developers, NFT platforms, and games operating on the blockchain. Thanks to its technical capabilities, it is considered one of the most promising cryptocurrencies in the world.