Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps accross the network, improving overall network efficiency. Solana’s mission is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems. (The price of Solana is $3.33780)
The price of Solana is currently $3.337801
1 hour % | 12 hour % | 24 hour % | 7d % | 30d % | 1y % |
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BTC 0.46% USD -1.4% ETH 0.24% |
BTC 3.49% USD -0.93% ETH 2.25% |
BTC 4.27% USD -5.77% ETH -2.61% |
BTC 13.9% USD -4.71% ETH 7.85% |
BTC 34.03% USD 102.78% ETH 9.28% |
BTC 0% USD 0% ETH 0% |
The all time high price of Solana was $4.94638492 on 2020-09-01 04:31:33
Development Status: | Working product |
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Proof Type: | Delegated Proof of Stake |
Hash Algorithm: | Tower BFT |
Hardware Wallet: | No |
Circulating Supply: 45271256 SOL
Beta Value: 1.049