What is sol coin used for?

Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana’s blockchain is the SOL token which provides network security through staking as well as a means of transferring value .

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What is a Sol token?

The SOL token is the native currency in Solana’s ecosystem . So the token can pass to nodes within the Solana cluster in exchange for running on-chain programs or validating its output. Another use for SOL, is to perform micropayments known as lamports. The current circulating supply of SOL is 26 million.

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