Whether you’re asking “What is Solana?” or you’re a holder of the SOL token, this full deep dive into Solana will try to answer all your questions on what this crypto is and the potential it has to take over the crypto world.
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Solana represents a new frontier for cryptos, one where development and usability is not limited by the speed and scale of the network. Solana was founded in 2017 by Anatoly Yakovenko after he published the Solana white paper laying out a crypto built on top of a Proof of History and Proof of Stake model. Proof of History would allow the chain to perform many more transactions per second than other chains, while proof of stake would solve the energy usage issues associated with mining Bitcoin.
Solana now has one of the fastest developer communities of any blockchain, and is valued as the 5th most valuable crypto by market cap. In this video I dive into what Solana is, talk about what makes is unique from other cryptos, and dive into some of the tokenomics behind the tokens.
I also talk about how you can earn passive income from Polkadot by staking it with a large crypto exchange like Binance, Kraken, or FTX.
This is not an investment recommendation. It’s just a cool technology that is worth talking about.
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I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.