Solana Research Hub | SOL information, history and analysis

Solana is a blockchain platform that supports high-performance decentralized applications and smart contracts. The Solana platform is designed to facilitate the creation of decentralized applications (DApps) to make decentralized finance accessible on a larger scale. Solana improves scalability by using the Proof of History consensus method, combined with the underlying blockchain’s Proof of Stake consensus method.

SOL is a token that operates on the Solana blockchain platform. The SOL token has the typical uses of a platform token such as:

• Stake: Solana is in the process of activating inflation rewards for staking SOL tokens in exchange for energy and network support.
• Fee Payment: SOL is used to pay fees in Solana’s blockchain network, such as transaction fees, smart contract fees, etc.
• Compensation: SOL is used as a reward for Stakers/Nodes to ensure the stable operation of the network.
• Governance: SOL token holders will have voting rights and platform governance rights.