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What is Solana Crypto and How Does It Work?

What is Solana Coin?: Today we are going to talk about a coin with Blockchain technology that has contributed to a great extent to the Scalability of Blockchain? Today we are going to talk about Solana (SOL). SOLANA is a cryptocurrency similar to Bitcoin and Ethereum. Solana’s name is being heard a lot in the market these days. Let us tell you that the price of Solana is $ 156.6 current. Solana is an open-source blockchain platform.

What is Solana Crypto and How Does It Work?

What is Solana Coin?

Solana Coin Logo
Solana Coin Logo

Solana is a highly functional open source project that banks on the permissionless nature of blockchain technology to provide decentralized finance (Defi) solutions. While the idea and preliminary work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

The Solana protocol is designed to facilitate decentralized app (dApp) creation. It aims to improve scalability by introducing a Proof-of-History (PoH) consensus combined with the underlying Proof-of-Stake (PoS) consensus of the blockchain.

» What is Bitcoin?

History Of Solana Coin (SOL)

If we talk about the history of Solana, then it was brought to the market in 2017. The price of this coin was not very special at the time of launch. When the Solana was launched on 11 April 2020, it was again priced at ₹59. It is said that from April 11 to June 26, 2020, nothing special was seen inside it. But after June 26, fluctuations in its prices started appearing suddenly. Experts believe that it was the same day and since then its prices have seen a steady jump.

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Who Invented Solana Coin

Solana Coin was discovered by Anatoly Yakovenko. Anatoly Yakovenko worked for Qualcomm company from December 2003 to July 2016. He left Qualcomm in 2016 and briefly worked as a programming engineer at Dropbox. Anatoly Yakovenko was also engaged in creating Solana, working with Dropbox.

Total Number Of Solana Coin

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According to the Coin Market Cap website, the total supply of Solana is 501, 827, 855. It is said that the maximum supply of Solana has not been mentioned but its circulating supply is 286,294,943.91 SOL.

Solana Price Today, SOL to USD live, Marketcap and Chart

Solana to USD Chart
Solana to USD Chart

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How To Buy Solana Coin

If you want to know about Solana, then there are many applications available for investing in cryptocurrency in India. You can buy Solana using any application. So let us give you some important information related to it.

  • coinswitch kuber
  • CoinDCX
  • Bianance
  • Cex.io
  • Coinbase

How To Buy Solana Coin on CoinDCX

Although there are many platforms to buy cryptocurrencies in India, the biggest platform among them is WazirX. But Solana Coin is not listed here yet. Because of which you cannot buy Solana Coin from WazirX. But if you want to buy Solana coin then you can buy this coin from CoinDCX. Which is a cryptocurrency exchange platform.

To buy Solana Coin, first create your account on CoinDCX. You can also create an account on CoinDCX by visiting the link given here. By creating an account with this link, you will get free bitcoins up to ₹ 500. After creating the account, complete the KYC there. It takes a maximum of 5 to 6 minutes to complete KYC.

After KYC is completed, you put money in your account and go to the search box and search Solana or SOL. After that, you can buy as many Solana coins as you want.

» What Is Cardano?

Note:- The information provided on this website is for educational and entertainment purposes only. The information provided on this website does not constitute investment advice, financial advice, or trading advice. Hindi Tech World does not recommend buying any cryptocurrencies. Crypto markets are highly volatile and crypto investing is risky. Readers should do their research on cryptocurrencies and consult their financial advisors before making any crypto investment.

Future of Solana Coin

Let us tell you that the current price of Solana is $156.28 which is 2.12% higher than the price 24 hours ago. Grayscale has added Solana to its investment fund. Grayscale is the largest crypto investment fund globally and brings in a lot of institutional investors from all over the world. The company is mainly popular for its bitcoin fund. Solana’s inclusion in the Grayscale Investment Fund reflects the growing investor confidence in Solana. That is if so many big losses are investing in Solana, then an even further increase in its price can be seen.

» What is Litecoin?

Conclusion

Today in this article you have got information about what is Solana, the History of the Solana coin, etc.

I hope all your questions related to Solana Coin are cleared. But if it is not so and still you have any query related to the Solana coin then you can ask us through the comment below. We will definitely answer your every question in the comment below.

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Vimal K. Vishwakarmahttps://technovimal.in
Hello friends, I am Vimal K. Vishwakarma, Technical Author & Co-Founder of Techno Vimal. Talking about education, I am an Engineering Graduate. I enjoy learning things related to new technology and teaching others. I request you to keep supporting us like this, and we will keep providing further information for you. :) #We TechnoVimal Team Support DIGITAL INDIA

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