# What is Solana?

**Published by:** [foste_yun](https://paragraph.com/@foste-yun/)
**Published on:** 2021-11-26
**URL:** https://paragraph.com/@foste-yun/what-is-solana

## Content

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. 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.

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