Solana is a high-performance blockchain that uses proof-of-stake and "proof-of-history" consensus mechanisms. Developed and established in 2021 by Solana Labs & Solana Foundation, its native currency is SOL. While it's based in San Francisco, it is popular worldwide. Solana is one of the most popular cryptos in the betting scene for several reasons.
First, the transactions are fast. Betting fans can get in the game almost instantly. The withdrawals are also processed faster as long as players have met the withdrawal threshold set by the esport bookie.
The SOL is also a favorite in electronic sports betting as the blockchain's infrastructure is secure courtesy of PoH and PoS consensus mechanisms. Another advantage of SOL is the affordable transaction fees compared to other cryptos. The blockchain's infrastructure allows it to offer punters low transaction fees and still remain afloat.
The crypto also supports dozens of wallets, including Binance, Bittrex, Coinbase, Kraken, Coin 98, Atomic, Ledger Nano S, Ledger Nano X, Zelcore, and Exodus, among other wallets.
Lastly, SOL is one of the most promising cryptocurrencies to invest in today. Its efficiency, stability, and low fees make it one of the best long-term investments for bettors and operators.