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Using Simple App, buying Solana has never been easier or more secure. All you need is a credit or debit card to make a safe purchase directly within the app. Store your Solana securely and conveniently with Simple App, your go-to solution for cryptocurrency management.
Solana is one of the brightest projects on the market, in which the majority of the cryptocurrency community sees great potential. Taking a place in the top 10 projects by market capitalization, today, Solana is left behind by such strong competitors as Cardano, Avalanche, and Polkadot. Many promising projects choose the Solana network to build decentralized applications of any kind, which, among other things, is due to the high network bandwidth, cheap fees, and widespread acceptance among community members. Launched in 2017, Solana seeks to scale throughput above what is normally performed with famous blockchains while keeping prices low. The platform executes an ingenious hybrid consensus model that integrates a unique proof-of-history (PoH) algorithm. This computational sequence delivers a digital record that establishes an event on the network at any point, with a synchronization mechanism that is a proof-of-stake (PoS) version. Because of this, the Solana network can handle over 710,000 trades per second (TPS) without scaling resolutions. The solana wallet app is a program where users can store and manage their SOLs. Solana is stored on the blockchain, and you access the cryptocurrency using public and private keys (a type of password).
It is best to present the principle of operation of a Sol wallet and public and private keys using a simple example describing the transfer of electronic funds.
The main advantage of Solana wallet is the ability to exchange fiat for bitcoins or any other cryptocurrency on unique platforms operating on the Internet. At the same time, any such transaction is provided with the maximum level of protection, is accompanied by a minimum commission, and takes place within a fraction of a second.
Another benefit is anonymity. You do not need to provide personal data when creating a Sol wallet. Only the public key is publicly available - the address of the digital Solana wallet. This eliminates the risk of leakage of private information, which often happens when using bank cards and electronic payment systems.
To deposit funds or send your Solana using Simple App, there are several options available. Visit the Help Center section to learn more details.