Solana is a popular crypto asset that became popular after the platform received widespread application. In this article, we will talk about how Solana is used and the current price of SOL crypto.
How Can Solana be Used?
When the platform was created, it started to be used for the development and deployment of:
- Smart contrasts
- Decentralized applications
- Blockchain games.
The platform hosted over 100 projects deployed on the top of its blockchain, all due to the benefits such as low fees, high throughput, speedy transactions, and staking.
Since Solana crypto is built on the Proof-of-Stake mechanism added by Proof-of-History, this coin is received through staking. That means you don’t have to buy expensive, powerful equipment to mine coins. Instead, you just keep your SOL coins on the network and receive additional coins in return. By doing so, you increase the network’s liquidity, and if you stake a large number of coins, you can become a block creator in the Solana blockchain.
Where to Buy SOL coin?
Being a popular asset, SOL crypto is available on all crypto exchanges. If you are looking for a multi-functional and convenient platform where you can trade, stake and hold coins, try WhiteBIT. It offered attractive crypto lending programs allowing one to stake coins and make a passive income; different trading tools such as future, leverage, margin, etc.; unlimited withdrawals and fiat-crypto pairs available. All these come together with a high level of safety and quality customer support.
WhiteBIT is especially appreciated by novice traders for it provides demo tokens for practising different trading tools. It largely helps to understand how the exchange works and to fill the gaps in knowledge of the market mechanisms. Read more interesting articles and guides on the WhiteBIT blog.