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Bitbuy | Buy Solana
In the future, a vital component of the cryptocurrency industry will be smart contracts. While they are still in their infancy stage, smart contracts will likely become prevalent in the global marketplace; they function like a computer program, automatically executing, controlling, and documenting legal events and actions based on the terms of the agreement. What does this have to do with virtual tokens? Well, these tokens are condensed and simplified versions of smart contracts. To help your understanding, you may want to get acquainted with Solana.
Solana: A Primer
Solana, which went live in 2020, is an open-source and decentralized public blockchain platform. It utilizes proof of stake and proof of history, with its internal cryptocurrency being SOL. But Solana has a treasure trove of features that allows it to stand out from the crowd, which explains how it has become one of the largest cryptocurrencies in the world in only a year’s span.
Solana is more than just a digital token to facilitate peer-to-peer transactions and generate immense capital gains. Beyond that, Solana is an entire crypto ecosystem that maintains more than 400 projects that involve smart contracts, non-fungible tokens (NFTs), decentralized finance, Web3, and so much more.
Some industry observers assert that Solana is a long-term rival for Ethereum as both cryptos share the same objectives. But could Solana and its 500 million SOL tokens come out the winner in this race?
The early numbers are promising: 50,000 transactions per second (TPS), average fees of $0.000025, and swift block times of 400 milliseconds. To put this into context, Ethereum processes as many as 45 transactions per second, maintains an average transaction fee of $20, and a block time of 13 seconds, comparatively.
The future of Solana is bright! You might want to join the many Solana investors and users. But how?
How to Buy and Sell Solana with Bitbuy
Is buying and selling Solana or any other cryptocurrency hard? No. You can purchase virtual tokens in only a few clicks on the easy Bitbuy trading platform. Here is how to get started:
- Head over to Bitbuy.ca and start an account by inserting your email address and telephone number. You will then need to verify your identity.
- Once your identity has been confirmed, you can deposit funds into your Bitbuy crypto wallet, starting with as little as $50. Add money using either Interac e-Transfer or a bank wire.
- Once your money has been successfully deposited, you can begin your crypto journey by choosing from a long list of digital currencies. If Bitbuy doesn’t have the one you are after, you can easily withdraw your crypto to a different exchange and trade for it there!
Wait a minute. That's it? Put simply: Yes!
Time to Shine Bright with Solana?
Solana is one of the largest cryptocurrencies globally, skyrocketing about 19,000 per cent in a year! The fundamentals for Solana are intriguing, and it could be a critical component for the growth of smart contracts and decentralized applications (dapps). Should this be part of your portfolio? If you are aiming for diversity and long-term growth, Solana is a great choice. Happy trading!