The initial concept and framework for Solana were conceived in 2017, with the official token launch taking place in 2020. Solana aims to be a Layer-1 blockchain with a strong emphasis on scalability while maintaining security and decentralization.
Solana operates its blockchain network using a dual consensus mechanism, combining Proof of Stake (PoS) and Proof of History (PoH). With PoH, Solana's network nodes can generate timestamps locally, eliminating the need for communication with other nodes and thereby enhancing overall network efficiency.
SOL is the native token of Solana, with a total supply of 500 million. It serves various purposes, including transferring, trading, storing value, and paying blockchain usage fees. Solana employs a deflationary mechanism where all fees are paid in SOL and subsequently burned, reducing the total supply. This mechanism incentivizes more token holders to participate, thus enhancing security.
Purchase SOL Process
Buy SOL at market price or set a buying price you desire, with the most popular SOL currency pair, SOL/USDT.
>>Go to Spot TradingYour purchased is now in your wallet.
If you haven't received your cryptocurrency, seek help from Support Center or Online customer service .
LBank: Exploring the Infinite Possibilities of Crypto Assets
Innovative
LBank constantly evolves, implementing cutting-edge technology to enhance user experience, making trading simple with advanced tools and a user-friendly platform.
Integrated
Seamlessly access a wide range of digital assets, trade various cryptocurrencies, and enjoy easy fiat-to-crypto conversion with our comprehensive ecosystem.
Secure & Trusted
Experience peace of mind, knowing LBank prioritizes security with top-notch measures, robust multi-layer protection, and a dedicated insurance fund safeguarding your investments.
Professional
Benefit from our experienced team's dedication to excellence, providing exceptional customer support, comprehensive trading tools, and insightful market analysis for informed decisions.
How to Buy Other Crypto Currencies
Disclaimer
Given the market nature of cryptocurrencies, the price of SOL is subject to high market risks and price fluctuations. We recommend that you understand the operation principles of digital assets and related risks before investing in digital assets. Other factors to consider when formulating a cryptocurrency investment strategy include your own experience level, financial condition, investment goals, and risk tolerance. It is also recommended to consult an independent financial advisor before purchasing cryptocurrency. The information provided is for reference only, and LBank does not guarantee its accuracy.