About(SOL)

About(SOL)

Solana is a Layer-1 blockchain optimized for scalability. The network’s design goal is to provide a platform that allows developers to create applications without needing to work around performance bottlenecks, such as transaction throughput limitations and prohibitively expensive transaction fees. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM-compatible smart contract languages.

Solana features a timestamp system called Proof-of-History (PoH) that automatically orders transactions for validators and serves as the network’s consensus mechanism. PoH is used to cryptographically verify the passage of time between two events and builds on the Proof-of-Stake (PoS) consensus algorithm to help secure the network. Validators in the PoH mechanism are grouped into “clusters,” where one validator serves as the leader producing “ledger entries,” and the remaining validators sign the entries produced by the leader.

 

Management of Voting Rights for Virtual Assets

HashKey Global's policies concerning the handling of voting rights that may be associated with certain virtual assets traded on this platform:

1. Non-Exercise of Voting Rights: HashKey Global does not exercise voting rights associated with virtual assets on behalf of its users. The role of HashKey Global is strictly to provide a trading platform for these assets, not to participate in the governance of any assets that may confer voting rights.
2. Users' Exercise of Voting Rights: Users who wish to exercise any voting rights associated with their virtual assets are required to withdraw the respective assets from our platform.

 

Token Price Metrics: Highs, Lows, and Reductions

Please refer to https://coinmarketcap.com/currencies/solana/ for the details and calculate as below:

1. To calculate a cryptocurrency token's highest price stated as both an absolute amount and a percentage change from the current price, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify the highest price within timeframe of interest.
   • Calculate absolute amount and percentage change from current price
     • Absolute amount change = Highest Price - Current Price
     • Absolute amount change percentage = (Highest Price - Current Price)/Highest Price x100%
   • Record Dates
2. To calculate a cryptocurrency token's lowest price stated as both an absolute amount and a percentage change from the current price, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify lowest price within timeframe of interest.
   • Calculate absolute amount and percentage change from current price
     • Absolute amount change = Current Price - Lowest Price
     • Absolute amount change percentage = (Current Price - Lowest Price)/Lowest Price x100%
   • Record Dates
3. To calculate a cryptocurrency token's largest price reduction from high to low, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify High and Low Prices within timeframe of interest.
   • Calculate Absolute Reduction and Percentage Change: Absolute Reduction = Highest Price - Lowest Price, Percentage change = (Absolute Reduction/High)x 100
   • Rank Reductions to identify the largest.
   • Record Dates

 

Token Information

Date of Launch: 2020-03-23

Total Supply: ∞

Security Audit: Not Available

 

Disclaimer

The information on this page, including any third-party links, whitepapers, and audit reports, is for informational purposes only. We make no warranties about its accuracy, completeness, or suitability. The content may change and may not be up-to-date. We recommend verifying the information directly from the linked resources. We do not necessarily endorse any included links. Use of this information is at your own risk. Nothing on this page should be construed as investment advice. Virtual assets are subject to significant price volatility and risks. Please refer to Virtual Asset Risk Disclosure. If unsure about any financial decisions, please seek professional advice.

 

Related Links

Please refer to: Virtual Asset Risk Disclosure

Please refer to this link to retrieve historical price data: https://coinmarketcap.com/

Please refer to this link for circulating supply, Market Capitalization, and Fully Diluted Value: https://coinmarketcap.com/currencies/solana/