Solana (SOL), the digital asset that powers the Solana blockchain, has experienced remarkable growth since August 2021. SOL has quickly established itself as one of the world’s leading digital assets with a $72B market cap.1 The Solana blockchain is a Proof of Stake (PoS) blockchain, operating similarly to other Layer 1 blockchains such as Ethereum and Cardano. Solana also leverages a Proof of History (PoH) algorithm that solves one of the most challenging problems in distributed ledger systems: the consensus of event time stamping. A number of significant features and use cases contribute to the rising interest in Solana and its expanding ecosystem.
Digital Investing: How digital assets work and ways investors can gain exposure to them
November 21, 2021