Altcoins News
By Sydney TheCMO
1 / 12
There are very few utility tokens that have as much growth potential as Solana’s native cryptocurrency called SOL.
2 / 12
SOL traded at $1.84 on January 1, 2021, which is impressive considering that it traded below 25 cents during its ICO.
3 / 12
SOL’s impressive price performance is courtesy of its role on the Solana network. The latter is a blockchain created by Anatoly Yakovenko, a former software engineer at Qualcomm.
4 / 12
Although the approaches used to develop the Solana blockchain are complex, the idea of time-stamping transactions brought about drastic improvements for the network.
5 / 12
Solana can handle more than 50,000 transactions per second and it is also compatible with smart contracts.
6 / 12
Proof-of-history introduces a verifiable delay function to the SHA-256 mining algorithm, facilitating time-stamps for all the transactions on the Solana network.
7 / 12
Solana’s network seems to jump the hoops of the blockchain trilemma and its impressive performance, as well as features, are the reason why it is currently one of the most…
8 / 12
SOL inflation schedule and blockchain growth
9 / 12
SOL has an inflation schedule that kicked off in February at 8% which was voted upon by the Solana community in January 2021.
10 / 12
As far as growth is concerned, Solana seems to be on the right track. The blockchain had more than 100 projects by the end of December 2020.
11 / 12
There has been no shortage of projects on the Solana blockchain and this has contributed to the strong growth of the platform.
12 / 12
Solana is so well-developed that some projects have migrated from other blockchains in its favor.
The Currency Analytics
Want the full story?