Solana is a public and open-source blockchain that focuses on developing scalable, user-friendly applications. It supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). It calls itself “the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more”. Read everything you need to know about Solana here.
Here’s a step by step guide on how to stake Solana for beginners.
Proof of Stake (POS) is a way that some blockchains use to find consensus, this is done by holders of the currency who use their coins as a stake to gain permission to be able to validate the network and this work comes with a reward.
Solana is considered to be one of the most technically advanced Blockchains in operation.