Worth of SOL Coins for Trading -A Guide from KuCoin

August 9, 2022
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KuCoin is a crypto exchange that provides huge benefits to its users. You can find more than 700 Altcoins listed in KuCoin. KuCoin also welcomes the best blockchain and metaverse projects daily in their traders’ best interest. Different popular base coins are listed on KuCoin, like USTC and USDT. These coins hold a high volume on every trading platform as a base coin. The pairing of the coins is incomplete without them. Today we talk about the worth of SOL coins for trading, a guide from KuCoin.

Solana (SOL)

It is one of the decentralized crypto coins built on a smart contract offered by dApps on a high scale. The efficiency in a transaction with less cost is one of the main targets of Solona. It is one of the smooth blockchain networks and supports many Metaverse projects, including Defi gaming and NFTs. SOL is a native coin of the Solana ecosystem, and its market capital places it among the top crypto tokens. Because of the involvement of dApps, the SOL price has increased significantly. Solana claims 400 milliseconds of block time and becomes more efficient with time.

Working Principle of SOL

Solana blockchain comprises new innovative hybrid models. This model includes proof of stake (POS) mechanism supporting 65000 transactions per second (TPS).  The main purpose of the POS mechanism is to make the transactions more secure and provide more smoothness with time. It calculates the record of each transaction on nodes and saves it in a blockchain. Also, the proof of history (POH) mechanism is responsible for 3 main factors: decentralization, scalability, and security. The combination of (POS) and (POH) make Solana unique. Also, the secure hash algorithm (SHA) is used by Solana to keep their blockchain more secure.

A place to Buy SOL Crypto Coin

Several exchanges offer a variety of services. However, we recommend you a KuCoin because of the new innovative advanced features. You find a low fee on KuCoin with several other benefits in trading and holding SOL for the long term. First, you must register your account by providing general information. Secondly, we suggest you go through a KYC verification. However, it’s not necessary. After that, you must charge your wallet via different payment methods KuCoin offer according to your region. You can also use a P2P method for such a purpose. Finally, you are ready to buy SOL for trading or staking purpose.

Conclusion

There is no doubt about the top performance of the KuCoin exchange. Several factors like various promotions and offers are always present for maximum benefit for KuCoin users. KuCoin makes its place in the landmark of the crypto industry with the help of a highly productive team. This team always introduce new coin and projects on a KuCoin. With high-class security, KuCoin delivers one of the safest sites to make transections. You will get many advantages from joining their platform. There are lots of advancements and features waiting for your success.

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