eToro, a social trading platform, announced its expansion plan of Cryptocurrency assets. During yesterday’s announcement, the team revealed that it included Solana (SOL/USD) and is available for trade on the trading platform.
With a rate of close to fifty thousand TPS, the native coin for the Solana Blockchain (SOL) is very scalable.
The number of SOL coins one has determines whether one becomes a shareholder or not. This launch will make the currency the thirty-second currency available to trade.
Other Cryptocurrencies include Bitcoin, Ethereum (ETHER), DASH, TRON, EOS, BNB coin, and ADA. Earlier this year, the platform added ENJIN and MAKER with Polkadot and Filecoin incorporation happening last week.
About eToro
eToro is a platform with a graphical interface that is user-friendly. The platform, founded in the year 2007, gives cryptocurrency traders who are in and out of the U.S a privilege to trade contracts and stocks.
Traders on the platform copy and follow the trades of profitable traders. Notably, copy trading has no guarantee of either losing or gaining. As of 2018, In about a hundred countries, eToro has over seventeen million users.
Yoni Assia is the inventor and Chief Executive Officer of this most outstanding social investing network, eToro. Since he was young, he was quite intrigued with matters of finance and computer science.
Later on, Yoni decided to venture into developing eToro. He holds Bachelors of computer science and management and also Masters in Computer Science.
What is Solana?
Solana is an open-source, decentralized blockchain platform operating publicly. The platform uses the Proof-of-Stake and Proof-of-History consensus mechanisms with SOL as its native token.
In addition, Solana currently has a market capitalization of over fifty-four Billion, a trading volume of close to $1,860,000,000, and its price is equivalent to about 154.27 USD. In addition, it interacts using Smart contracts.
Anatomy Yakavenko is the investor of Solana, who started his profession at Qualcomm. From there, he took a position as a software engineer at Dropbox. Anatoly teamed with some of his colleagues from Qualcomm and came up with Solana labs, Solana protocols, and SOL Tokens.
The SOL Token
SOL is the native token of the Solana Blockchain network that provides marketplaces, scalable, secure, and decentralized apps. Unlike bitcoin, SOL Uses proof of history which enables one to generate historical records.
What is Cryptocurrency?
Crypto is a digital currency made to function as a medium of exchange that you can buy or sell or trade to make a profit. Additionally, Cryptocurrencies use a solid online registry that helps in securing transactions. There are very few thousand cryptocurrencies, some of them being Bitcoin(BTC), Ethereum (ETH), BNB, Solana (SOL) and e.t.c
The Crypto craze is slowly taking over the world and more and more traders are joining the digital space.
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