Uncovering Solana Ecosystem
Solana is a high performance Smart Contract Platform. Solana introduces many new and unique technologies, to provide users with high transaction speed and security, with the ability to scale up to hundreds of thousands of transactions per second through hardware upgrades.
Basically, Solana is a competitor of Ethereum. This is the digital currency of the Solana blockchain network. Although just born in March 2020, but Solana has now reached a market capitalization of nearly 74 billion USD.
SOL is the native token of the Solana ecosystem. SOL can be transferred to nodes in the Solana Cluster in exchange for running the program online or validating its output.
Over the past year, Solana's price has increased by more than 10,000%, according to data from CoinGecko. The price of the cryptocurrency has grown from $2 to over $200 in that time, taking its market cap over that of older coins like Cardano or Ripple.
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