Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The startup was founded in 2018 and is based in San Francisco, California.

BlockTower is a cryptoasset investment firm, applying professional trading, investing, and portfolio management to an emerging digital asset class.

BlockTower Capital

Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 511,616,946.142289 with 320,463,824.0205163 in circulation. The last known price of Solana is 99.01012712 USD and is up 0.30 over the last 24 hours. It is currently trading on 264 active market(s) with $3,100,130,606.66 traded over the last 24 hours. More information can be found at https://solana.com.

Solana

Blockchange Ventures is a venture capital firm investing exclusively in early-stage blockchain companies, protocols, and applications that are trying to make a dent in the universe. The firm was founded in 2017 and is based in New York, NY, United States.

Blockchange Ventures

CMS is a principal investment company that focuses on investing in the crypto-asset ecosystem. The firm plans to invest in both liquid and illiquid crypto tokens, as well as equity interests in select businesses.

CMS Holdings LLC

CMS Holdings, LLC

Delphi Digital is an independent research and consulting boutique specializing in the digital asset market.

Delphi Digital

Distributed Global is a venture firm focused on the blockchain ecosystem. Our diverse industry experience, team, reputation in the crypto community, and multi-decade perpective enable us to guide founders creating the foundational platforms of the future.

Distributed Global

Foundation Capital is a venture capital firm made up of former entrepreneurs who set out to create the firm they wanted as founders.

Foundation Capital

A thesis-driven cryptofund offering LPs venture capital economics with all the advantages of public market liquidity

Multicoin Capital

NEO Global Capital is the strategic investment vehicle NEO foundation and one of the largest institutional owners of cryptocurrencies.

NEO Global Capital

ParaFi Capital is a blockchain and decentralized finance-focused alternative investment firm. Through a research-intensive, long-term focused investment framework, the company takes a unique multidisciplinary approach to identify untapped opportunities.

ParaFi Capital

Alameda Research was founded in October 2017. It manages over $100 million in digital assets and trades $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives.

Alameda Research

Passport Capital LLC is a San Francisco based, global investment firm founded by John H. Burbank III in 2000. The firm manages

Passport Capital

Reciprocal Ventures is a New York-based early-stage Venture Capital firm specializing in FinTech. The firm's partners consist of former operators, investors, and executives. Team members are active investors and business advisors who take pride in brainstorming new approaches, advancing strategy and helping to assemble winning teams.

Reciprocal Ventures

Zee Prime Capital is a VC firm based in Bratislava, Slovakia. Investing in programmable assets and early-stage founders globally. The organization was founded on February 20, 2019

Zee Prime Capital

<div>
 <div style="display:none">
 </div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <h2 id="what-is-solana-sol">
     What Is Solana (SOL)?
    </h2>
    <p>
     Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (
     <a href="#">
      DeFi
     </a>
     ) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
    </p>
    <p>
     To learn more about this project, check out our deep dive of
     <a href="#">
      Solana
     </a>
     .
    </p>
    <p>
     The Solana protocol is designed to facilitate decentralized app (
     <a href="#">
      DApp
     </a>
     ) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (
     <a href="#">
      PoS
     </a>
     ) consensus of the blockchain.
    </p>
    <p>
     Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
    </p>
    <h3 id="who-are-the-founders-of-solana">
     Who Are the Founders of Solana?
    </h3>
    <p>
     <a href="#" rel="noopener nofollow" target="_blank">
      Anatoly Yakovenko
     </a>
     is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
    </p>
    <p>
     In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague
     <a href="#" rel="noopener nofollow" target="_blank">
      Greg Fitzgerald
     </a>
     , and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
    </p>
    <h4 id="what-makes-solana-unique">
     What Makes Solana Unique?
    </h4>
    <p>
     One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
    </p>
    <p>
     Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
    </p>
    <p>
     The Solana protocol is intended to serve both small-time users and enterprise customers alike. 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.
    </p>
    <p>
     Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinCu
     <a href="#">
      ranking
     </a>
     as of September 2021.
    </p>
    <p>
     This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an
     <a href="#">
      all-time high
     </a>
     (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Read more about
     <a href="#">
      Steem
     </a>
     .
    </p>
    <p>
     Check out
     <a href="#">
      Marlin
     </a>
     .
    </p>
    <p>
     Learn more about
     <a href="#">
      Decentralized Finance (DeFi)
     </a>
     .
    </p>
    <p>
     Curious about the crypto space? Read our educational section —
     <a href="#">
      Alexandria
     </a>
     .
    </p>
    <p>
     Want to keep track of Solana prices live? Download the
     <a href="#">
      CoinCu mobile app
     </a>
     !
    </p>
    <p>
     Want to convert Solana price today to your desired fiat currency? Check out
     <a href="#">
      CoinCu exchange rate calculator
     </a>
     .
    </p>
    <h4 id="how-many-solana-sol-coins-are-there-in-circulation">
     How Many Solana (SOL) Coins Are There in Circulation?
    </h4>
    <p>
     The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.
    </p>
    <p>
     The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.
    </p>
    <p>
     Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X
     <a href="#">
      return on investment
     </a>
     (ROI).
    </p>
    <h3 id="how-is-the-solana-network-secured">
     How Is the Solana Network Secured?
    </h3>
    <p>
     Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (
     <a href="#">
      PoS
     </a>
     ) consensus mechanisms.
    </p>
    <p>
     Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
    </p>
    <p>
     The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
    </p>
    <p>
     The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
    </p>
    <h3 id="where-can-you-buy-solana-sol">
     Where Can You Buy Solana (SOL)?
    </h3>
    <p>
     SOL tokens can be purchased on most exchanges. One choice to trade Solana is on
     <a href="#">
      Binance
     </a>
     , as it has the highest SOL/USDT trading volume, $753,103,225 as of September 2021.
    </p>
    <p>
     Next is
     <a href="#">
      Coinbase
     </a>
     , with a trading volume of $343,872,841. Other options to trade Solana include
     <a href="#">
      FTX
     </a>
     ,
     <a href="#">
      Bilaxy
     </a>
     and
     <a href="#">
      Huobi Globa
     </a>
     l. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.
    </p>
    <p>
     To check Solana price live in the fiat currency of your choice, you can use CoinCu’s converter feature directly on the
     <a href="#">
      Solana currency page
     </a>
     , or the dedicated exchange rate
     <a href="#">
      converter page
     </a>
     . Popular Solana price pairs include:
     <a href="#">
      SOL/USD
     </a>
     ,
     <a href="#">
      SOL/GBP
     </a>
     ,
     <a href="#">
      SOL/AUD
     </a>
     ,
$2 and
     <a href="#">
      SOL/EUR
     </a>
     .
    </p>
   </div>
  </div>
 </div>
 <div class="sc-101ku0o-2 exKUGw">
  <p>
   Our most recen

description

<h1 class="has-luminous-vivid-orange-color has-text-color">Backers</h1>
<h2><span id="Team" class="ez-toc-section"></span><strong>Team</strong></h2>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png"><img class="wp-image-32462" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 9" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-300x167.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-768x427.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-750x417.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1140x634.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02.png 1482w" alt="Anh chup Man hinh 2021 05 17 luc 01.24.02" width="1024" height="569" loading="lazy" data-id="32462" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<p>Solana is built by an all-star, experienced team from big companies like Google, Apple, Intel, Twitter, Dropbox, Microsoft&hellip;etc.</p>
<p>Solana development team are all individuals with skills and experience in the field of technology and security:</p>
<ul class="has-normal-font-size">
<li><strong>Anatoly Yakovenko (CEO):</strong>&nbsp;Former software engineer at Dropbox and Mesosphere, Senior Engineer Director at Qualcomm Boulder, co-founder of Alescere.</li>
<li><strong>Greg Fitzgerald (CTO)</strong>: Former Senior Software Engineer at Qualcomm Boulder, Systems Software Engineer at Alescere.</li>
<li><strong>Raj Gokal (COO):</strong>&nbsp;Venture capitalist at General Catalyst, Former Chief Product Officer at Odama Health, Entrepreneur in residence at Rock Health, CEO and co-founder of Sano.</li>
<li><strong>Eric Williams (Chief Scientist):</strong>&nbsp;Former Chief Data Officer and Co-Founder at Motion, VP of Data Science &amp; Analytics at Odama Health, Rearcher at CERN.</li>
</ul>
<p>Along with the above prominent names are some members from other countries such as&nbsp;Stephen Akridge, Michael Vines, Tyera Eulberg, Carl Lin, etc.</p>
<h2><span id="Advisors" class="ez-toc-section"></span><strong>Advisors</strong></h2>
<p>Solana is invested by large VC funds such as Multicoin Capital, Slow Ventures, Foundation Capital&hellip;</p>
<p>Besides, the development in the ecosystem is getting a lot of attention,&nbsp;<strong>especially when it was announced that Solana Labs, Solana&rsquo;s investment arms had just called for $314 million</strong>. With this money, Solana Labs can accelerate the development of projects in the ecosystem.</p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png"><img class="wp-image-32463" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 10" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-300x99.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-768x253.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-750x247.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1140x375.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37.png 1464w" alt="advisors" width="1024" height="337" loading="lazy" data-id="32463" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png"><img class="wp-image-32464" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 11" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-300x195.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-768x499.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1536x999.png 1536w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-750x488.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1140x741.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48.png 1596w" alt="token release schedule" width="1024" height="666" loading="lazy" data-id="32464" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>

Team and Backers 

<p>Solana, a blockchain network that launched in 2020, has seen a rapid increase in interest from both cryptocurrency enthusiasts and developers who are using it to build decentralized applications for industries such as finance, computer science, and even art.</p>
<p>But what is Solana, and how has it emerged so quickly as a major player in the crypto space? Here are some things to know about Solana and some ideas to consider before making a potentially risky cryptocurrency investment.</p>
<h1 class="has-luminous-vivid-orange-color has-text-color">What is Solana?</h1>
<p>Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks.&nbsp;<strong>Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions</strong>. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.</p>
<p>This allows Solana to process&nbsp;<strong>50-65 000 transactions per second</strong>&nbsp;with a theoretical limit of over 700 00 transactions per second (compared to Bitcoin&rsquo;s 7 TPS and Ethereum&rsquo;s 15 TPS). In contrast to other similar projects such as Polkadot and Ethereum 2.0 (once it is released), Solana is a single blockchain (layer 1) and does not delegate operations to other attached chains (layer 2).</p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><img class="wp-image-32362" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 3" src="https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png.webp" sizes="(max-width: 900px) 100vw, 900px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png.webp 900w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-300x169.webp 300w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-768x432.webp 768w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-750x422.webp 750w" alt="Solana polkadot " width="900" height="506" loading="lazy" data-id="32362" data-pin-no-hover="true" /></figure>
</li>
</ul>
</figure>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<p>To get high scalability, besides Proof of Stake, Solana had to combine the following eight functions:</p>
<h2><span id="Proof_of_History_PoH_A_clock_before_consensus" class="ez-toc-section"></span><strong>Proof of History (PoH): A clock before consensus</strong></h2>
<p>Solana&rsquo;s PoH consensus algorithm helps to create more efficiency and a higher throughput rate within the Solana network. So by having historical records of events or transactions, it allows the system to more easily track transactions and keep track of the ordering of the events.</p>
<h2><span id="Tower_BFT_PoH-optimized_version_of_PBFT_Practical_Byzantine_Fault_Toleration" class="ez-toc-section"></span><strong>Tower BFT: PoH-optimized version of PBFT (Practical Byzantine Fault Toleration)</strong></h2>
<p>Tower BFT is a PBFT-like consensus algorithm that is made to take advantage of the synchronized clock. The Tower BFT uses the PoH as its cryptographic clock which allows consensus to be reached without having to incur massive messaging overhead and transaction latency.</p>
<h2><span id="Turbine_A_block_propagation_protocol" class="ez-toc-section"></span><strong>Turbine: A block propagation protocol</strong></h2>
<p>The Turbine protocol makes it easier to transmit data to the blockchain nodes. Turbine is able to do this by breaking the data into smaller packets. This allows Solana to address issues of bandwidth and also increase its overall capacity to settle transactions faster.</p>
<h2><span id="Gulf_Stream_Mempool-less_transaction_forwarding_protocol" class="ez-toc-section"></span><strong>Gulf Stream: Mempool-less transaction forwarding protocol</strong></h2>
<p>The Gulf Stream protocol plays an important role in pushing transaction caching and forwarding it to the edge of the network. This allows the validators to execute the transactions ahead of time, reducing confirmation time, faster leader switching and reducing memory pressure on validators from unconfirmed transaction pools. So this protocol is what allows Solana to support 50k TPS.</p>
<h2><span id="Sealevel_Parallel_smart_contracts_run-time" class="ez-toc-section"></span><strong>Sealevel: Parallel smart contracts run-time</strong></h2>
<p>Sealevel is a hyper-parallelized transaction processing engine that is used to scale horizontally across GPUs and SSDs. With this system in place, it allows Solana to obtain a more efficient runtime and also allows transactions to run concurrently on the same state blockchains.&nbsp;</p>
<h2><span id="Pipeline_A_Transaction_Processing_Unit_for_validation_optimization" class="ez-toc-section"></span><strong>Pipeline: A Transaction Processing Unit for validation optimization</strong></h2>
<p>Pipelining is a process where a stream of input data assigns to different hardware responsible for it. So this mechanism allows transaction information to be quickly validated and replicated across all the nodes in the network.</p>
<h2><span id="Cloudbreak_Horizontally-Scaled_Accounts_Database" class="ez-toc-section"></span><strong>Cloudbreak: Horizontally-Scaled Accounts Database</strong></h2>
<p>To achieve the necessary scalability on the Solana network, it requires the use of Cloudbreak. Cloudbreak is a data structure that is optimal for concurrent reads and writes across the network.</p>
<h2><span id="Archivers_Distributed_ledger_storage" class="ez-toc-section"></span><strong>Archivers: Distributed ledger storage</strong></h2>
<p>We use Archivers for data storage. Data on Solana offloads from validators to a network of nodes known as Archivers. These nodes can be lightweight (ex: laptops) and they will be subject to a check, every so often, to ensure they are storing the right data.</p>
<p>Read More: <a href="https://coincu.com/currencies/sol-solana/stories/">Click Here&nbsp;</a></p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<p>&nbsp;</p>
</figure>

All about

<h1 class="has-luminous-vivid-orange-color has-text-color">How Does Solana Work?</h1>
<ol class="has-normal-font-size" type="1">
<li>Input of transactions to the Leader</li>
<li>Leader will sequence the messages and orders them efficiently so that it can be processed by other nodes</li>
<li>The leader then executes the transactions on the current state that stores in the RAM&nbsp;</li>
<li>Leader will then publish the transactions and signature of the final state to Verifiers (replication nodes)</li>
<li>Verifiers will then execute the same transactions on their copies of the state and publish their signatures of the state if it receives confirmation</li>
<li>Published confirmations will then serve as votes for the consensus algorithm</li>
</ol>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><img class="wp-image-32363" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 4" src="https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM.png" sizes="(max-width: 626px) 100vw, 626px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM.png 626w, https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM-300x203.png 300w" alt="how it work solana " width="626" height="423" loading="lazy" data-id="32363" data-pin-no-hover="true" /></figure>
</li>
</ul>
<p>&nbsp;</p>
</figure>
<h1 class="has-luminous-vivid-orange-color has-text-color">Economics and Supply</h1>
<h2><span id="Key_metrics" class="ez-toc-section"></span><strong>Key metrics</strong></h2>
<ul class="has-normal-font-size">
<li>Name:&nbsp;<strong>Solana</strong>.</li>
<li>Ticker:&nbsp;<strong>SOL</strong>.</li>
<li>Blockchain:&nbsp;<strong>Solana</strong>.</li>
<li>Consensus:&nbsp;<strong>Proof of Stake (PoS).</strong></li>
<li>Consensus Mechanism:&nbsp;<strong>Tower BFT.</strong></li>
<li>Token type:&nbsp;<strong>Utility Token.</strong></li>
<li>Subunits:&nbsp;<strong>Lamport (1 SOL = 2^34 Lamport).</strong></li>
<li>Block time:&nbsp;<strong>400ms.</strong></li>
<li>Avg. Transaction Time:&nbsp;<strong>50,000 &ndash; 65,000 TPS.</strong></li>
<li>Token Standard:&nbsp;<strong>SPL.</strong></li>
<li>Max Supply:&nbsp;<strong>1,000,000,000 SOL.</strong></li>
<li>Initial Total Supply:&nbsp;<strong>500,000,000 SOL.</strong></li>
<li>Current Total Supply:&nbsp;<strong>488,634,933 SOL.</strong></li>
<li>Circulating Supply:&nbsp;<strong>Updating&hellip;</strong></li>
</ul>
<h2><span id="SOL_Token_Allocation" class="ez-toc-section"></span><strong>SOL Token Allocation</strong></h2>
<p>Solana&rsquo;s total initial supply is 500 million SOL coins and is distributed in installments below:</p>
<ul class="has-normal-font-size">
<li>Seed Sale: 16.23%.</li>
<li>Founding Sale: 12.92%.</li>
<li>Validator Sale: 5.18%.</li>
<li>Strategic Sale: 1.88%.</li>
<li>Đấu gi&aacute; tr&ecirc;n CoinList: 1.64%.</li>
<li>Developers: 12.79%.</li>
<li>Solana Foundation: 10.46%.</li>
<li>Community Activities: 38.89%.</li>
</ul>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png"><img class="wp-image-32392" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 6" src="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-300x105.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-768x269.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-750x263.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1140x399.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1.png 1280w" alt="token allocation" width="1024" height="358" loading="lazy" data-id="32392" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<h2><span id="SOL_token_release_schedule" class="ez-toc-section"></span><strong>SOL token release schedule</strong></h2>
<p>Solana&rsquo;s initial circulation of 16,350,633 SOL (3.27%) and 11,365,067 SOL (2.27%) were burned and removed from supply.</p>
<p>Thus, Solala will vesting 472,284,300 SOL (94.46%) in detail as follows:</p>
<ul class="has-normal-font-size">
<li><strong>Sale</strong>: 100% SOL vested on 07/01/2021.</li>
<li><strong>Team</strong>: On January 7, 2021, the team&rsquo;s SOL coin will start to be unlocked with the amount of 31,250,000 SOL, and the remaining &frac12; of the coin will be vesting gradually over 24 months.</li>
<li><strong>Community</strong>: Starting Vesting from May 1, 2020 with 8,000,000 SOL per month and ending on January 7, 2021.</li>
<li><strong>Foundation</strong>: Fully unlocked on January 7, 2021.</li>
</ul>
<p>Thus, on January 7, 2021, Solana&rsquo;s total unlocking volume (SOL) is 91.47% excluding inflationary rewards.</p>
<p><strong>Note</strong>:&nbsp;<em>All figures above are based on Initial Total Supply &ndash; 500 million SOL. SOL&rsquo;s Max Supply will reach 1 billion within 10 years.</em></p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png"><img class="wp-image-32709" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 7" src="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png" sizes="(max-width: 984px) 100vw, 984px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png 984w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-300x128.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-768x328.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-750x320.png 750w" alt="token release schedule" width="984" height="420" loading="lazy" data-id="32709" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<h2><span id="Token_Governance_and_Use_of_Funds" class="ez-toc-section"></span><strong>Token Governance and Use of Funds</strong></h2>
<p>SOL Coin will have the typical uses of a blockchain platform such as:</p>
<ul class="has-normal-font-size">
<li><strong>Fees</strong>: SOL will be used to pay fees in Solana&rsquo;s blockchain network such as transactions fee, smart contract fee, etc.</li>
<li><strong>Reward</strong>: SOL coin is used as a reward for Stakers/Nodes to ensure the stable operation of the network.</li>
<li><strong>Governance</strong>: SOL coin will be used for future governance voting.</li>
</ul>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<figure></figure>
</figure>

Technical Data

<p>Solana solves the many traditional issues that earlier blockchain technology experienced. Solana displays a new structure for verifying transactions and a more efficient consensus algorithm. The platform will definitely be a strong competitor with Bitcoin and Ethereum. Solana displays the fast advancements in the crypto industry in just mere 10 years. The platform will definitely be something to look out for as it continues to develop!</p>
<p><strong>Find more information about Solana:</strong></p>
<p><strong>Website</strong>:&nbsp;<a href="https://polygon.technology/" target="_blank" rel="noreferrer noopener">https://solana.com/</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/0xPolygon" target="_blank" rel="noreferrer noopener">https://twitter.com/solana</a></p>
<p><strong>Github:</strong>&nbsp;<a href="https://github.com/solana-labs/" target="_blank" rel="noopener">https://github.com/solana-labs/</a></p>
<p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/solana" target="_blank" rel="noopener">https://t.me/solana</a></p>
<p><strong>Discord:</strong>&nbsp;<a href="https://discord.com/invite/polygon" target="_blank" rel="noreferrer noopener">https://discord.com/invite/pquxPsq</a></p>
<p><strong>Youtube:</strong>&nbsp;<a href="https://www.youtube.com/PolygonTV" target="_blank" rel="noreferrer noopener">https://www.youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com." target="_blank" rel="noreferrer noopener">ventures@coincu.com.</a></p>

LATEST_NEWS

PRODUCTS

COMPANY

SUPPORT

SOCIALS

CRYPTO_NEWS

MARKET_NEWS