Solana (SOL)
Solana is a permissionless, decentralized, and secure smart contract blockchain platform proposing to solve the scalability problem.
Solana encodes the passage of time as data, called Proof of History (PoH), that leverages a verifiable delay function (VDF) to reduce transactional overhead between nodes in the network. Solana has created a user-friendly platform experience which has a diverse application ecosystem and high transaction activity in the realms of video games, NFTs and DeFi. Solana has multiple key technological innovations that enable unparalleled transaction speed and remarkably low fees.
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Slashing Penalties Enabled
*Staking Reward Rate (SRR) isn’t always the most reliable metric for understanding your rewards. You can read more here
Why Stake Solana With Figment?
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High-speed network ≈ 3000 TPS right now, a scale up to 65,000 and has low fees ≈ $0.00025 per transaction
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User-friendly platform experience which has a diverse application ecosystem and high transaction activity
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Multiple Applications in Development: Solana Pay, Solana Mobile (Saga), Pyth Oracle
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Lowest average energy usage per transaction compared to other networks
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