The source of the hack and whether or not the affected wallet owners would be reimbursed remained unknown. SOL price is updated live on Binance. Global Solana Prices.
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Read MoreSolana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. Solana relies on a unique combination of proof-of-history PoH and proof-of-stake PoS consensus mechanisms. This mechanism is used to generate rewards for users who stake in support of the Solana blockchain. Feb 2, at a. Solana SOL can be used to make payments, and access and build dApps. Solana's native token, SOL, is primarily used for staking to support the validation process, and in transaction fees for peer-to-peer P2P payments.