Cryptocurrency News

Lost SOL? Persistent challenges continue to impact Solana price

05/19/2022

Less than a minute

2022.05.19 21:16

Lost SOL? Persistent challenges continue to impact Solana price

The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana‘s (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51.

The network aims to overcome the Ethereum blockchain’s scalability problem by incorporating a proof-of-history (PoH) mechanism into a proof-of-stake (PoS) blockchain. With PoH, Solana delegates a central node to determine a transaction time that the entire network can agree on.

05/19/2022

Less than a minute

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