The Solana blockchain network is based on the proof-of-stake protocol combined with a proof-of-history algorithm, as opposed to Bitcoin, which uses a proof-of-work protocol. Solana technology is built on speed, efficiency and security, and the system can support 65000 tps (transactions per second) and a latency of 400 ms.
In addition, the innovation behind Solana enables merchants to receive instant payouts, eliminating the days of waiting for funds in their bank accounts. Due to the fast processing of the Solana network, it uses less energy compared to Bitcoin and results in less transaction fees.
How does the SOL token work?
The Solana network launched the SOL token in 2020 and is currently among the top 15 coins on the crypto charts. The SOL coin currently has a market capitalization of $ 7.8 billion; and hit a record high of $ 56 in May 2021. Like all other crypto coins, it has seen a decline and is now trading at around $ 28 per coin.
The network is also expanding into the gaming industry, with plans to launch Star Atlas, a gaming metaverse that allows you to create, play, and learn with gamers around the world.
The big push behind the coin’s rise is the expansion of its ecosystem and innovative network. the coin has also outperformed Bitcoin and Ethereum more than once this year.
How you can benefit from Solana
You can buy the Solana Coin from several online brokers, but careful consideration should be given when deciding who to join.
Winiford has a proprietary trading platform with a user-friendly interface and a high level of security. Some of the advantages that Winiford offers are fast order execution and instant order placement, dedicated customer support and access to the crypto markets from a single platform. You can trade a wide variety of cryptocurrencies, including the popular Bitcoin and Ethereum, as well as the Solana token.
To make the withdrawal process easier, they have a clear policy outlining the requirements for safe withdrawal of funds. Payment methods include crypto wallets, credit cards, and wire transfers.
The minimum withdrawal requirement for a credit card is 100 USD / GBP / EUR and 250 USD / GBP / EUR via wire transfer. In addition, withdrawals are only processed on the original method of funding. This is to ensure that funds are paid out to the rightful owner.
Winiford customer support is available 24 hours, six days a week and can be reached via email or live chat service.
The Solana network is growing in popularity, especially when it comes to more sustainable investments.
Winiford offers the opportunity to experience the thrill of crypto trading while ensuring a painless process. Their advantages are geared towards the requirements of the crypto markets, as speed and efficiency are critical criteria and therefore they are considered a reliable brand.