Does Coinbase support Solana network?

Users can now manage their Solana (SOL) and Solana tokens (SPL) alongside their tokens held on all of Coinbase Wallet extension’s supported networks, including Ethereum, Avalanche, Polygon, BNB Chain, and many more. This allows users to unlock more of web3 without needing to manage multiple wallets.

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Is Solana secure?

No, absolutely not . Proof of work consensus that is still used by ETH is the most secure one. You need computing power to approve transactions. Solana uses Proof-of-history which is a relatively new mechanism somehow similar to Proof-of-stake where you need a stake in the system to approve transactions.29 Eyl 2021

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Is Solana a good crypto?

Solana is a smart contract cryptocurrency that some believe could rival Ethereum (ETH) . It is extremely fast and transaction costs are a fraction of those on the world’s second biggest blockchain. However, 2022 is not off to a great start so far.

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Is Solana trustworthy?

The proof-of-history (PoH) consensus mechanism makes Solana extremely fast. The Solana network can process between 50,000 and 60,000 transactions per second (TPS). For comparison, Ethereum processes 15 TPS. Many experts believe that Solana has a very promising future for this and other features .

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