About Solana (SOL)
Solana is a smart contract platform that aims to natively solve many of the scaling and throughput issues faced by other layer-1 blockchain solutions. Its primary focus is on scalability and the ability to support high-usage dApps without any performance bottlenecks. The network uses a combination of proof-of-history and proof-of-stake systems that allow validators to independently trust the time and order of transactions.
SOL is the native token of the Solana network and is used for payment transactions on the network.
The supply of SOL grows over time and is capped at 489,000,000 SOL.