Buy Solana (SOL)

Solana is a decentralised computing platform that is highly scalable and offers fast and cheap transactions.

Solana’s scalability enables it to process low transaction fees, committing to remain less than $0.01.

Solana is best known for its speed. It can process transactions with 400 millisecond block times (almost 3 blocks per second) and is only going to get faster with new hardware becoming even faster.

Solana is decentralised and therefore resistant to censorship. Over one thousand independent validator nodes secure the Solana network.

Solana is a Proof of Stake (PoS) blockchain that uses its own Proof of History (PoH) consensus mechanism.

Solana’s innovative Proof of History (PoH) algorithm is one of its defining characteristics. PoH is a method of “keeping time” that allows nodes to agree on the order of transactions and the sequencing of events. This is how Solana is able to process high-speed transactions, with a throughput of 65k TPS, with a theoretical limit of 710,000 TPS for the future.

Up until recently. Solana was the fastest blockchain in the industry. A newer chain, however, called Bitert, has since been developed and claims to have a throughput of +100k TPS and a zero-cost gas fee, making it even faster and cheaper than Solana.

Solana’s whitepaper written by Anatoly Yakovenko.

The Solana whitepaper was first published on November 2017 by Anatoly Yakovenko. It outlined the fundamentals of a new consensus mechanism called proof of history. The first Solana block was created on the 16 of March 2020. Other co-founders of the Solana project include Greg Fitzgerald, Stephen Akridge and Raj Gokal.

Solana is managed by Solana Labs and the Solana Foundation. The Solana community, who develop and support the protocol, come from all over the world.

No. Solana (SOL) is not mined as it operates on a proof-of-stake blockchain.

As a PoS blockchain, Solana (SOL) cannot be mined, however, by delegating SOL tokens to a validator or by becoming a validator node, Solana holders can earn more SOL through staking.

If you plan to buy SOL to hold Solana long-term, staking can be a good way to accumulate more Solana over time. To learn more about staking Solana, visit the official Solana website.

You can purchase Solana (SOL) right here on Independent Reserve.

We are a trusted cryptocurrency exchange. Since 2013, our mission has been to build a safe and secure platform for crypto investors to buy Solana and other digital currencies.

Create your account today and choose from a wide range of features that we offer to improve your trading experience. We have world-class security, low fees, and a large OTC desk. We also provide enhanced customer support, so you have real people to talk to when you need help.

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Deposit money into your trading account to buy Solana on Independent Reserve.

You can buy Solana with Australian dollars (AUD), New Zealand dollars (NZD), Singapore Dollars (SGD), or United States dollars (USD) on Independent Reserve.

In Australia, choose Electronic Funds Transfer (EFT) as your payment method to deposit AUD, funds may take 1-2 business days to process. If you’re from Singapore, you can make an instant SGD deposit using FAST. For other currencies, such as USD and NZD, you can use SWIFT.

You can start buying Solana starting with as little as $10. Just enter the dollar amount you wish to trade for SOL and click “buy Solana”. Your tokens will automatically appear in your crypto wallet, where you can safely leave them to be stored on our exchange.