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Tx 8af55b8529c2c0c85b8a734abeab7d8b104c4543@55912349

Included in block 55,912,349 at 2021-07-24 04:14:57 (UTC)


Raw transaction

ref_block_num10,140
ref_block_prefix4,019,470,788
expiration2021-07-24 04:15:54
operations
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0.comment
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parent_author""
parent_permlinkhive-167922
authormarcusantoniu26
permlinkconcept-july-23-2021-what-is-solana-and-its-token-sol
title"Concept: July 23, 2021. What is Solana and its Token SOL?"
body"![Picture Steemit SteemLeo World Finance.jpg](https://cdn.steemitimages.com/DQmauBj29zGvKY9i1nG9A7ng59D8vTUpiWaBSXU56SdyzPw/Picture%20Steemit%20SteemLeo%20World%20Finance.jpg)
Solana is a blockchain project which uses Proof of History (POH) as a way of solving the problem of node synchronization within a blockchain (which slows it down). It creates something like a decentralized clock. It is used in tandem with Proof of Stake (POS). This makes the blockchain more efficient because it can handle more transactions per second
SOL is the cryptoasset of the Solana blockchain. It appears to be deflationary (due to burning). It can be staked, used to run a verifying node and in general transmit value through the blockchain.
489 million SOL were created. The Solana blockchain is extremely fast for processing transactions. It can process 50000 transactions per second (TPS). In order to compare, Visa processes 3000 TPS, Ethereum 15 TPS and Bitcoin 7 TPS
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###### This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@marcusantoniu26/concept-july-23-2021-what-is-solana-and-its-token-sol)"
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transaction_id8af55b8529c2c0c85b8a734abeab7d8b104c4543
block_num55,912,349
transaction_num62