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Solana, What is it? - https://www.youtube.com/watch?v=1jzROE6EhxM

Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.

Solana has a native token called sols (SOL). Fractional sols are called lamports in honor of Turing Award winner Leslie Lamport. A lamport is equal to 0.0000000000582 sol.

SOLs have two primary use cases within the network.

1. Staking: Users can stake their SOL either directly on the network or delegate their holding to an active validator to help secure the network. In return, stakers will receive inflation rewards. Solana has not enabled inflation rewards yet, but it intends to unlock inflation in late 2020 or early 2021.

2. Transaction Fees: Users can use SOL to pay for fees for sending transactions or running smart contracts (interacting with applications).

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