What is Solana ?

February 13, 2023
2 Mins Read
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What is Solana ?

Solana is the world’s first utility-grade blockchain for enterprise, designed to scale to hundreds of thousands of transactions per second. Solana public testnet has been running for over a year with several popular apps, and continue to rapidly iterate with partners and users. Solana is fully decentralized, allowing anyone in the world to participate in staking their tokens as validators and any application developer to build on Solana ledger directly and without needing a middleman.

Solana is a library of reusable, modular code that powers trading in the cloud. It’s flexible, fast and easy to deploy — letting you focus on building your business instead of worrying about building a platform. Solana open-source platform enables developers to easily rapidly deploy their own trading infrastructure.

Solana is the Proof of Stake protocol that solves issues with scalability by taking advantage of a new hybridized consensus model and sharding. Solana state channels permit near instant transfers of value at close-to-zero gas costs, while Solana sharding method ensures that transactions do not actually touch the blockchain until they are finalized, allowing Solana to scale in a very efficient and sustainable way.

  • SOL

SOL is a solution coin. It’s designed to be used for interacting with the smart contracts on Solana blockchain. SOL coins are required to transfer funds, do tasks and operate DApps within the SOL ecosystem, which guarantees a high demand for SOL.

SOL is the first cryptocurrency to adopt a proof-of-stake consensus algorithm. The project’s developers are committed to building a safer, more stable and efficient blockchain in order to meet development goals. With their vision of giving power back to the people, it will be easier for users to participate in monitoring and transaction processing on SOL as SOL will additionally protect users through its Proof-of-Stake consensus algorithm with its enhanced security system.

MegaMoon has a MegaMoon Dealer system where participants need to stake USDT ( we will use $MOON in the future ) to receive profits from MegaMoon lottery players.

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