What is Solana?
Solana is a blockchain platform and cryptocurrency (SOL). It is an open source project that was designed to allow for faster transactions and low fees, as well as host scalable Dapps.
See Also
Chain IDs | expand.networkSOL is the fifth-largest cryptocurrency with a market cap of over $66 million. It makes use of the Proof-of-Stake algorithm alongside a new technology called Proof-of-History (PoH). PoH records passage of time within the ledger, functioning in effect as a standardized clock for different verification nodes.
How to create Solana wallet?
Creating Solana wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.
The process is simple:
- Select “Create new wallet”.
- You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
- Set a PIN for quick access on your device.
- From here, you’re ready to send, receive and exchange Solana with the app. You can buy Solana with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.
