Solana

More About Dynamic Mining's Node Network Offerings

Overview

Solana is an open-source project focused on implementing a high performance and permissionless blockchain. Solana runs on a hybrid protocol of proof-of-stake and proof-of-history. With the implementation of proof-of-history the ecosystem can easily track transactions and the order in which these occur. The blockchain coordinates with decentralized computers across the globe into a fully unified user-owned and operated cloud platform. It supports high-speed and low-cost transactions on a single layer blockchain. Focusing on scalability and speed, Solana had a peak capacity of 65,000 transactions per second.

Solana supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana’s blockchain is the SOL token which provides network security through staking as well as a means of transferring value

Speed

Solana supports 50,000s TPS with a peak capacity of 65,000, making it one of the world’s fastest blockchains. With the addition of Proof of History Solana has a block creation time of 400ms and a ledger size in the petabytes.

Innovative

Solana’s implemented Proof of History (PoH) is a cryptographic clock which allows nodes to agree on time and order of events happening within the blockchain without having to communicate.

Low Cost

Solana was designed for low-cost transactions. The fees equate to $10 for every million transactions.

Sealevel

Solana enables multiple smart contracts to run at the same time. This saves time and makes Solana a cost efficient blockchain network. The technology is known as “sealevel”.

Network Economics

Token holders earn rewards for staking their tokens and validating transactions

40.79 USD

Token Price

14,059m USD

Market Capitalization

1.96b USD

Total Value Locked

Validating

Running a validator with Solana will help support the network. Validating transactions on Solana helps create new blocks on the chain. As a reward, participants receive SOL as a reward from a reserve to promote maintaining the validator.

Staking

Staking on Solana is the primary way to get selected to add the next block to the chain. Tokens are held for approximately 5 days before receiving the initial staked tokens and the rewards. Staking is a completely safe way to grow your SOL pool, especially if it is being held long-term.

Delegation

SOL users can delegate their stake to a Solana stake pool in order to validate blocks on the network. Staked SOL is secure and cannot be affected by the stake pool owner. If the stake pool is selected, the reward is split among all the individuals who delegated to the stake pool.

10 – 20%

Network APR

9.78%

Avg commission fee

0 SOL

Minimum stake

5 Days

Lockup period

Stake With Us

Join us in supporting innovative blockchain networks

Security

Security is our top priority. We only ask for the necessary information from clients. Our team makes sure that our infrastructure stays secure.

Regular Updates

We provide regular updates on the performance of our nodes. Our clients are able to access statistics on their staked tokens at any time.

Fast performance

We use the most competitive equipment for our services. With our node operators, you are guaranteed top performance.

Reliable Support

Our team is always monitoring our infrastructure and we are prepared to handle any issue the moment that it arises.

UNLIMITED

All you may need

2,999,999

month

UnlimitedDomains

100GBStorage

UnlimitedEmail addresses

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Frequently Asked Questions

Have more questions about staking? Check out the FAQ below and feel free to reach out to us with any unanswered questions

What is Staking and Delegating?

Staking is the process of holding tokens on a validator node in a network. This provides token holders with the opportunity to earn extra income from their digital assets.

Delegating is when a token holder gives their tokens to a third party or public validator node. With delegating, physical ownership of equipment is not required. Rewards for delegating are split among the public validator and the individual who delegated their tokens.

How do I participate in Staking?

The quickest way to participate in staking is by delegating your tokens to a public node. With delegating, powerful computing and technical knowledge are not required to bring in profits.

Is staking on Solana safe?

Slashing exists on Solana to punish malicious behavior. Therefore, it’s important for the validators of the network to be responsible. However no validators are given ownership of your tokens, rather they are only delegated the right to produce blocks on your behalf. You retain control over your staked coins.