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What is Solana

Solana is open-source a decentralized blockchain built that supports smart contracts, including non-fungible tokens (NFTs) and is here to enable scalable, user-friendly decentralized applications (dApps). Native to Solana’s blockchain is the SOL token which provides network security through proof of stake.

Solana was created in 2017 by Anatoly Yakovenko with current Solana board member and CTO Raj Gokal. Yakovenko, now Solana Lab’s CEO, came from a background in system design and wanted to apply his knowledge towards a new blockchain paradigm that enabled faster processing speeds.

How Does Solana work & where can I get a Solana Wallet?

Solana ensures composability between blockchain projects by maintaining a single global state as the network scales. Never deal with fragmented Layer 2 systems or sharded chains. Not only is Solana ultra-fast and low cost. The Solana network is using over thousands of independent nodes.

Are you looking for the best wallet for your Solana coin?

We think you will love Degen as non custodial crypto wallet. It is the best mobile app to manage and send your Solana. With Degen Wallet, you are in control of your SOL. You can receive, send, store and exchange your Solana within the iOS and Android devices.

Why you should store Solana securely in Degen wallet

To sum up, it is to your advantage to store Solana coin in the Degen wallet. It is considered one of the safest and most private wallets available today, Degen Wallet does not track nor collect private information about you and your device and it has a lot of advantages other than just sending and receiving your Solana.

What are benefits of SOL and Solana blockchain

  • Low cost, forever Solana’s scalability ensures transactions remain less than $0.01 for both crypto developers and users. So instead of minting an NFT collection for $100 unlike on ETH, on Solana it can be done under $1.

  • Fast network Solana is all about speed, with 400 millisecond block times. That means confirming transactions on DApps gets faster thus Apps on blockchain have smoot experience.

Do not keep your Solana on the exchange. Download Degen Wallet today to manage and convert your Solana directly from your mobile device, Get your Degen Wallet for Solana Coin (SOL) today and start using it!

Try Degen Wallet now!

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