What is Solana (SOL) and How to Buy

What is Solana (SOL)

Solana, a public blockchain platform, is and open-source and decentralized cryptocurrency with consensus achieved using proof of stake and proof of history. It can facilitate peer-to-peer transactions with its internal cryptocurrency, SOL, and claims to support 50,000 transactions per second.

How to Buy Solana (SOL)

Anatoly Yakovenko created Solana in July 2017 after publishing a whitepaper draft detailing a new timekeeping technique for distributed systems called Proof of History (PoH). In Blockchains like Bitcoin and Ethereum, one of the limitations to scalability is the time required to reach a consensus on the order of transactions. Anatoly believed his new technique could automate the transaction ordering process for Blockchains, providing a key piece that would enable crypto networks to scale well beyond their capabilities at the time.

Where can I purchase Solana?

H2cryptO Exchange- SOL is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support. Please remember that once a cryptocurrency is lost, it can be difficult to recover.

Why buy SOL?

Solana uses smart contracts to host decentralized applications (dApps). Much faster than Ethereum, Solana’s has significantly cheaper transaction costs while simultaneously increasing the network’s speed. Solana can support 50,000 TPS (Transactions per second) substantially faster than most competitors in the Blockchain space.

Purchasing SOL on H2cryptO:

1. 1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).
   2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
   3. Once KYC has been approved, please deposit your fiat or cryptocurrency. You can do so by creating a wallet address then send funds to this address. Funding your account with fiat currency for trading can be completed by connecting your H2cryptO account through ACH, wire transfer, or credit card.
   4. Once the ACH, wire transfer, or credit card transaction has been completed, you can start buying SOL. You now will have the ability account to trade cryptocurrencies with 24/7/365 live client service support.