Create Your own token on the Solana blockchain

Solana is a fast-growing blockchain with striking similarities to Ethereum—often referred to as an “Ethereum killer.” Like Ethereum, the SOL token can be purchased on most major exchanges. The token’s real value is in conducting transactions on the Solana network, which has unique advantages. The Solana blockchain uses a proof-of-history consensus mechanism. This algorithm uses timestamps to define the next block in Solana’s chain. Most early cryptocurrencies, such as Bitcoin and Litecoin, use a proof-of-work algorithm to define the blocks in their chains. Proof of work uses a consensus mechanism that relies upon miners to determine what the next block will be. However, this proof-of-work system is slow and resource-heavy, leading to the use of tremendous amounts of energy. This is one reason for Ethereum’s upcoming Merge, where the network will convert to a proof-of-stake system.