Definition
Solana is a public blockchain protocol designed for running decentralized applications and digital assets. It has its own native cryptocurrency, also called SOL, which is used within the network. Solana focuses on supporting a large number of transactions on a single global network while keeping costs low, providing a base layer where programs and tokens can exist and interact.
In Simple Terms
Solana is a type of blockchain and its own digital money (SOL) that lives on that blockchain. It is a shared online system where people can create and use crypto apps and tokens. The network is built to handle many transactions at once while trying to keep fees small.
Context and Usage
Solana is commonly mentioned when discussing major blockchain platforms and their native coins. It appears in conversations about trading cryptocurrencies, building decentralized applications, and issuing tokens on different networks. Solana is often grouped with other large blockchain ecosystems and is tracked on exchanges, data sites, and wallets as both a network and an asset.