It is a halal crypto currency.
Solana (SOL) is a fast-rising crypto launched in 2020. It boasts super-speedy transactions (thousands per second) thanks to its unique architecture. This makes it ideal for real-time applications.
Solana uses a Proof-of-Stake system with a twist (Proof-of-History) for validation, making it more energy-efficient than some rivals. Like Ethereum, it allows building dApps and using smart contracts.
Solana’s strengths lie in its speed, lower fees, and potential for DeFi and NFTs. However, being young, its long-term security and some centralization concerns need to be considered.