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The cryptocurrency market can hardly be called predictable. During 2021, a dozen leaders have repeatedly changed almost beyond recognition. At the time of this writing, the fifth line of the rating is occupied by Solana. Here we can provide the how to exchange SOL to BNB with letsExchange.
What is Solana
The Solana project aims to increase the availability of financial systems and achieve high scalability while maintaining the main advantages of decentralization and the security of blockchain technology.
At the moment, Solana is unmatched in terms of scalability and performance. We have achieved unprecedented performance through the introduction of several innovative technologies:
- Proof of History, decentralized watch with Verifiable Delay Function.
- Proof of History optimized Tower Byzantine Fault Tolerance consensus algorithm.
- Turbine block transfer protocol.
- Scale-out database of Cloudbreak accounts.
- Sealevel smart contracts parallel launch protocol.
Solana is the performance champion today. The system is capable of processing over 50,000 transactions per second. Another competitive advantage of Solana is its low commissions. A million transactions only cost $ 10.
Where is the SOL token used?
The SOL token is used to pay commissions and interact with smart contracts. In addition, token holders can vote. SOL is used for network security.
Also, Read: Top Cybersecurity Strategies Small Businesses to Adopt In 2022
SOL price prediction
Solana has grown steadily since the end of July. In early August, the coin was trading at $ 36.25. By September, the coin had risen in value to $ 100, and in the middle of the month, the first breakout was made beyond the $ 200 mark.
Experts associate such a rapid growth with the general growth of the cryptocurrency market and a competent PR campaign. In addition, many investors see Solana as a good alternative to Ethereum.
Now experts are predicting a bright future for Solana, as well as for several other altcoins that will rise to the sky of the crypto market during 2021. WalletInvestor believes the coin could grow to nearly $ 480 in a year. The gov.capital forecast is a bit more modest – $ 454 by October next year. The most realistic forecast is from DigitalCoinPrice – $ 270 at the end of this year and $ 344 – next fall.
Binance crypto exchange supports the BNB to SOL exchange and several other trading pairs from Solana. The coin is available on many major exchanges, in particular OKEx, Gemini, Huobi, Coinbase, Bitfinex, Kraken.
Where else can you buy SOL
Classic cryptocurrency exchanges are not the most convenient place to exchange cryptocurrencies. Almost all sites require account registration and verification in accordance with the requirements of the KYC. It takes some time and conflicts with one of the key principles of the crypto world – anonymity.
The second important point is the exchange fees that are charged for each operation. When it comes to transactions where confidentiality is critical and / or irregular transactions, instant cryptocurrency exchange online is much preferable. The purchase of SOL for BNB is carried out without disclosing personal data. The deal is made with a few clicks in the exchange widget:
- In the upper field, select BNB for sale and indicate the amount of coins;
- In the bottom field, select SOL for purchase;
- Indicate the address of your crypto wallet;
- Deposit coins.
- Press the “Exchange” button.
The system performs all other actions automatically.
LetsExchange is the best place to quickly and completely anonymous exchange of BTB and over 300 more cryptocurrencies without commissions and any restrictions.
