Solana is a scalable, decentralized, and programmable blockchain. It facilitates transactions of its native SOL coin as well as digital assets like non-fungible tokens (NFTs), as well as SPL tokens. Solana’s founder, Anatoly Yakovenko, created the project in 2017 intending to increase the scalability of a cryptocurrency blockchain without sacrificing decentralization or security.<h3>What are SOL key features and how does it work?</h3>One of the biggest competitive advantages of Solana is its relatively high transaction speed. The blockchain can support up to 50,000 transactions per second without sharding. Solana achieves this via its proof of stake consensus mechanism along with timestamped transactions, known as Proof of History. This essentially means that it creates a historical record that proves that an event, i.e transaction, has occurred at a specific moment in time. Solana is the first network to try this Proof of History model.Proof of History is designed to keep the time between computers running on a decentralized network without the need for all computers to communicate about it and reach an agreement. It keeps all records of transactions in an open ledger which is accessible by every block on the network. This maximizes efficiency by allowing transactions to be processed more quickly and allows for greater scalability on the blockchain. Thus, Solana remains secure, scalable, and decentralized without the necessity for any layer 2 solutions like Ethereum’s rollups and sidechains or Bitcoin’s lightning network.Proof of History is used in combination with Proof of Stake which is designed for quick validation of the current sequence of transactions produced by the PoH generator. The computers that process transactions and secure the network are called validators. Participants can stake their own SOL to become a validator, or delegate tokens to validators, in exchange for a chance of earning more SOL and a percentage of transaction fees.Solana’s choice of consensus has caused controversy in the crypto space, with some skeptical of its mechanics. In a PoW system, to counteract the possibility of two blocks being validated at the same time, transitions are slow, and the algorithm essentially acts as a clock. PoS, however, does not have a reliable source of time, and it is difficult to know the order of blocks as they arrive. PoH’s architecture enables transactions to be ordered as they enter the network, known as entries, rather than by block as seen on traditional blockchains. Thus solving the problem of agreeing on time, whilst also providing almost instant finality for the thousands of transactions it receives per second.SOL also serves as a governance token. This means that holders can vote on future upgrades and governance proposals submitted by the Solana community.<h3>What can Solana be used for?</h3>Like Ethereum, Solana is a programmable platform that can interact with smart contracts. Smart contracts power a wide range of applications, from DeFi and NFT markets to decentralized lotteries and games.&nbsp;Solana, unlike Ethereum and other EVM-compatible chains that run smart contracts on Solidity, uses Rust as a programming language. Rust is still a relatively young language, but in terms of tooling support, it is years ahead of Solidity. It can be used for fast, low-resource, cross-platform solutions and the language itself has many features that make writing Rust code both more ergonomic and easier to use than Solidity.As of August 2021, many of the most popular applications running on Solana are DEXs and lending apps, and the crypto app ecosystem on Solana supports billions of dollars worth in TVL (Total Value Locked). One of the main reasons that users might prefer an app running on Solana over the comparable Ethereum, for example, is that speeds are high and congestion is low, thus resulting in significantly lower fees.Serum is an example of a high-speed, non-custodial DEX built on Solana created by the Serum Foundation, founded by FTX, Alameda Research, and a consortium of other partners. The DEX runs on a fully on-chain central limit order book. The exchange hopes to solve current DeFi problems such as high gas costs, slow transactions, and centralization.<h3>Where can you buy SOL?</h3>SOL tokens are available on all of the CEXs and DEXs listed on the market tab.One of the most popular choices is Binance, it has the highest SOL/USDT trading volume. OKEX and other popular exchanges also list SOL.

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ICO on Coinlist. Details:<ul><li>Asset: Solana Tokens (“SOL”)</li><li>Type: Auction</li><li>Key Auction Dates: March 17 12PM PST: Deposits open &amp; pre-bids start; March 23 10PM PST: Auction goes live (will last for 6 hours)</li><li>Starting Bid: $4.00 per SOL Token</li><li>Reserve Price: $0.04 per SOL Token</li><li>Minimum Bid: $100 Minimum Contribution</li><li>Supply Available in auction: 8m SOL Tokens are available in the Auction</li><li>Circulating supply at launch: 8m SOL Tokens</li><li>Lock-Up Period: None</li><li>Vesting Schedule: None</li></ul>Solana has raised $20 million in a Series A round led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VC, Slow Ventures, NEO Global Capital, Passport Capital and Rockaway Ventures.Solana Labs, the developer of the Solana blockchain, has raised $314.15 million in a private token sale round led by Andreessen Horowitz (a16z) and Polychain Capital. Other participants in the round included Alameda Research, CMS Holdings, CoinShares, Jump Trading, Multicoin Capital, Sino Global Capital, and many others.&nbsp;

Solana

Solana is a high-performance layer1 blockchain that achieves scalability through parallel processing.

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible Finance

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

Bware Labs

Tenet

GameOn Forge

Blockchange Ventures

Big Brain Holdings

coinIX

Castrum Capital

Outlier Ventures

Kangaroo Capital

Maven Capital

FinSec Innovation Lab

Kima Network

Sociapol

SpaceN

BRC App

Pivot Global

ConsenSys

Cointelegraph

Dewhales

Founderheads

Galxe

Dutch Crypto Investors

CSP DAO

AITECH Labs

Decubate Ventures

DEC Ventures

Poolz Ventures

Gains Associates

Ivan on Tech

Anshul Dhir

That Martini Guy

Boxmining

Nischal Shetty

Zoran Kole

Ash Crypto

Anbessa

Eric Cryptoman

Plena Finance

Crypto.com Capital

Solana Ventures

Shima Capital

KuCoin Labs

Arcade

Gain detailed information about %name% %code% unlock and vesting. Use our token unlock calendar for planning and optimizing your investments. Explore tokenomics and how it's changing with our token distribution chart. Stay updated on unlock events and receive notifications for effective crypto asset management

%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Community	34.9%	32.4%	-
Seed	14.3%	13.3%	-
Team	11.5%	10.7%	-
Founding Round	11.3%	10.5%	-
Inflation	8.96%	-	-
Foundation	6.86%	6.83%	-
Alameda & FTX Bankruptcy Release	5.79%	3.16%	2.60%
Validator Round	4.55%	4.23%	-
Alameda Bankruptcy Release 2	2.01%	1.21%	0.80%
Strategic Round	1.65%	1.53%	-
Coinlist Public Sale	1.44%	1.33%	-
Alameda Bankruptcy Release 3	1.26%	1.25%	-
Alameda Bankruptcy Release 1	0.67%	-	-
Alameda Bankruptcy Release 4	0.01%	-	0.01%

Solana SOL

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