$50.36
1H
-1.32%$0.6736
24H
-2.98%$1.55
7D
-14.4%$8.49
30D
-50.0%$50.28
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) 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.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
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.
With the rise of the cryptocurrency market, it is exciting to have so many investment options.
If you’ve been on the crypto scene for a while now, chances are you’re always on the lookout for new crypto investment opportunities.
The Bitso launch in Colombia happened during a volatile period in the crypto market. Besides the fact that there are still so many people who are unfamiliar with digital assets, the market witnessed one of its biggest crashes in recent memory leading to losses for investors.
Solgem is one of the newest projects on the Solana blockchain.
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