What is Solana?

What is Solana?

 Solana is a single-chain blockchain (cannot extend second layer).  Solana aims to improve the scalability of the blockchain without sacrificing security or decentralization.  Solana does not choose a sharding solution, but uses Proof of History combined with Proof of Stake.  As the world's first web-scale blockchain, Solana will unlock a whole new class of applications and facilitate larger-scale blockchain adoption.

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 What is Solana Token (SOL)?

 Solana token (SOL) is the native token of the Solana blockchain.  SOL will be used for the specific purposes of a native token on the blockchain platform such as:

 Fees: SOL will be used to pay fees in Solana's blockchain network such as smart contract fees, transactions fees, etc.

 Reward: SOL is used as a reward for Nodes/Stakers to ensure that the network will operate stably in the long run.

 Governance: SOL will be used to vote on governance activities in Solana's network in the future.