SOL to GBP Live Price Converter

Solana’s innovative combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus models speeds up the validation process, making the network as a whole faster, cheaper, and more efficient. Thanks to this, Solana has been dubbed the “Visa of Crypto.”

Having high processing power and transaction speed makes the Solana network ideal for both personal and business use. By switching to Solana, organizations can process even large data sets in a matter of seconds.

The fact that Solana-based smart contracts have run smoothly since launch demonstrates the platform’s utility. As more crypto apps emerged on the network, the price of Solana gradually increased, reaching a record high of $ 216 on September 9, 2021. There are currently more than 350 projects listed on the Solana Blockchain.

While there’s merit to the claim that Solana can challenge Ethereum’s position as the dominant blockchain platform for smart contracts, its progress has been greatly hampered by numerous disruptions (like DDOS attacks). Also, recent updates to Ethereum have mostly fixed its scalability problems, which makes a case for Solana less strong.

Most of what Solana has accomplished has been thanks to Anatoly Yakovenko. In 2005, Yakovenko began his career at Qualcomm, where he rapidly rose through the ranks to become a senior staff engineer. Although he changed jobs down the road and briefly worked for Dropbox, his professional life became closely intertwined with those of his former colleagues.

In 2017, Yakovenko started working on what would become Solana. Greg Fitzgerald, who also worked at Qualcomm, helped him start Solana Labs, which attracted several other Qualcomm employees. In 2020, the Solana protocol and SOL token finally saw the light of day and were introduced to the public.

Sure! You can pay for your Bitsgap subscription with BTC, ETH, LTC, DOGE, and other popular cryptos! All you have to do is log in to your Bitsgap account, go to the Manage plans, click the [Upgrade] or [Extend] button, and select cryptocurrency as your payment option.

Don’t forget to select the correct blockchain network and send coins to a specified address. Bingo! Sometimes it takes up to 20 minutes for the system to receive payment data, so don’t worry! In case you have questions, don’t hesitate to contact our support team at support@bitsgap.com

You can always come back to Bitsgap’s crypto converter for the latest crypto exchange rates and market updates!