Buy Solana (SOL) in UK With GBP | CoinJar

Solana

SOL

£0.000GBP

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SOL

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Overview

#5Popularity

UtilityAsset type

2020Active since

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What is Solana?

Looking to buy Solana (SOL)? Solana is a fast and efficient blockchain platform that is one of the fastest in the world. It is a competitor to Ethereum, Polkadot, and Cardano.

Why buy SOL?

Solana is mainly known as being a highly scalable blockchain protocol. It also has cross-chain compatibility. This means that Solana seamlessly integrates with other blockchain networks, making it convenient to build and use dApps (apps built on blockchains) that work across multiple platforms.

Solana is also energy-efficient, which makes it more sustainable and eco-friendlier than proof-of-work (PoW) blockchains, like Bitcoin.

It uses a unique consensus mechanism called proof-of-history (PoH), which records the passage of time between events on the blockchain using hashed timestamps.

Solana and culture

Solana is useful because it offers a high-performance for dApps and digital currencies. It supports a wide range of dApps and projects, such as Serum, a decentralised exchange; Audius, a music streaming platform; and Star Atlas, a metaverse game.

Solana launched Degenerate Ape Academy, which sold a collection of pictures of cartoon apes.

10,000 of them sold in the first 10 minutes, which then drove the SOL token higher as people needed the cryptocurrency to buy the cartoon apes.

There is also a community of digital artists and collectors who create and trade NFTs on various marketplaces on Solana. For example, SolSea is a curated NFT marketplace that features exclusive drops from known artists.

By the way, Solana is the name of a small Southern Californian coastal city, which the founder of the blockchain platform, Anatoly Yakovenko took a shine to.

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