Fastest Blockchain in the World | Solana | Altcoin Gems #28

Gate.io Podcast | Bitcoin & Crypto News | Altcoin News Podcast

Gate.io Altcoin Gems #28:

"Money never sleeps. Thanks for tuning in."

Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.

Founded in 2017 by Anatoly Yakovenko, a former Qualcomm engineer, along with employees from Intel, Apple, Google, and other high-tech companies, Solana is dedicated to improving performance while ensuring decentralization and security.

Solana's native token, SOL, used to pay transaction fees and for staking and also gives holders the right to vote in future upgrades. Due to the galloping NFTs project and the growth of the GameFi, the SOL price has also climbed rapidly.

Solana Official: https://solana.com/

The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation, of which 315 million have already entered the market. Like many coins, Solana has a limited annual issuance. Solana began by increasing its supply by 8 percent annually, but that figure declines 15 percent each year, until it ultimately reaches 1.5 percent annually, which is its fixed ongoing issuance.

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*Disclaimer: The information presented in this podcast is for informational purposes only, and not financial advice in any way. Trading cryptocurrencies comes with high risks, so make sure to do your own research before committing your capital to any investment.

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