Manage all your cryptos

About Solana

Solana is a high-performance blockchain platform. The Solana (SOL) cryptocurrency was built to facilitate scalable decentralized applications. Launched in 2020 by Anatoly Yakovenko and his team at Solana Labs, Solana offers incredibly fast transaction speeds and low costs compared to older chains. Like other major projects, Solana was created to provide a decentralized infrastructure that scales without the intervention of a centralized authority. A robust ecosystem of developers builds on its high-speed architecture.

How does Solana work?

The Solana network is a decentralized blockchain web-scale system that operates without a central bank, government authority, or middleman. Instead, it uses a unique combination of Proof-of-History and Proof-of-Stake to timestamp transactions and maintain a synchronized network of computers around the world. This globally distributed community of validators is what makes up the Solana network. Each node plays an important role in voting on blocks and validating the ledger. Because the data is propagated efficiently, there is no central bottleneck slowing down the blockchain.

How to store Solana

Storing Solana involves using a compatible wallet that connects to the network without a central bank, government authority, or middleman. Instead, it uses non-custodial technology where the user retains full control over their private keys and funds. This ensures that assets are immune to third-party freezing. Users can select from browser extension wallets or mobile apps for daily use. Because there are multiple wallet options spread across different devices, there is no central authority that manages your access.