Monday-Crypto theme by Steemit Pakistan || What is Solana cryptocurrency? || Its today and future price prediction || 25% beneficiary to @steemit-pak || by @Malikusman1

malikusman1 (77)D-300⭐/Pu-L2⭐/Club100⭐in STEEMIT PAKISTAN • 3 years ago

Asslam-0-Alaikum!

How are you all? I hope that by the grace of Allah you will all be well. My post today is about the SOLANA (SOL) cryptocurrency that almost all of us know and It ranks among the world's top cryptocurrencies.

⭕ WHAT IS SOLANA?

Solana is a decentralised app platform built on the blockchain. It's an open-source project managed by the Geneva-based Solana Foundation and developed by Solana Labs in San Francisco.

Source!

Solana competes with Ethereum, the world's most popular decentralised app platform, by offering faster transaction times and lower transaction fees.Because those who know about cryptocurrency will know that the transaction fee of ethereum is very high. It's a Proof of Stake (PoS) blockchain, which means it's less harmful to the environment than PoW (proof of work) blockchains like Bitcoin. Solana is the name of the native cryptocurrency, which bears the ticker (SOL).

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IF YOU WANT TO KNOW MORE ABOUT IT THEN CLICK ON THE LINKS BELOW

1	Ledger
Block time	4.5 sec
Block explorer	link
Circulating supply	293,511,228.57 SOL ( Sep 2021)
2	Valuation
Exchange rate	US$157 (September 2021)
Market cap	$46B (September 2021)

SOME DETAIL INFORMATION ABOUT IT

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WONDERFULL TRANSACTION SPEED OF SOLANA 🏃‍♂️🏃‍♂️

50,000 TPS (Transactions per second) and 400ms Block Times are currently supported by the system. The Solana software's main purpose is to show that there is a feasible set of software algorithms that may be combined to form a blockchain. As a result, transaction throughput would rise proportionally with network capacity, achieving all of the blockchain's properties: scalability, security, and decentralisation. Furthermore, on a typical gigabit network, the system can sustain a maximum of 710,000 TPS and 28.4 million TPS on a 40 gigabit network.

source

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TODAY AND FUTURE PRICE

If we talk about today's price of it, it is much lower than before because in the last few days, its price had exceeded about two hundred and ten US dollars, while now it is only 140 US dollars. it's just a crack in the market.

Screenshot taken from here

This coin has developed a lot in a short period of time and it is a very good project. It has increased its price a lot in a few days and its price was skyrocketing but now due to market crash it There is a slight difference in price.

FUTURE:

If we talk about its value in the future, I think its value will be very high and it is being said that this coin will grow a lot. This coin is also called ethereum killer coin.And just as the value of the bitcoin and the ethereum was high, I think it will grow in the same way and in the future its value will be much higher. Speaking of next year, I think it will cost about 500 US dollars.

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Coclusion

The group of steemit Pakistan has made a good step forward. It will significantly increase the amount of data about individuals. Our really nice admin @haidermehdi created a fantastic Monday, Tuesday, and Wednesday topic, and we will benefit greatly from it. I had no idea what encrypted money was.
After that, I conduct extensive research on cryptographic money and other coins. Ethereum, on the other hand, fascinates me greatly.
my examination, which provided me with a wealth of information For this topic, I am grateful to the @steemi-pak group. It will greatly broaden our horizons. Our Steemit Pakistan community will grow significantly.

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