Swiss online trading firm Swissquote has further expanded its cryptocurrency offering via the addition of Solana (SOL). This is the 24th crypto available on Swissquote.
SOL is the blockchain Solana’s native token. Offering record speed and transaction cost, this cryptocurrency is shaping up to be one of the phenomena of 2021. Founded by a former Qualcomm and Dropbox engineer, this platform is now a serious competitor to Ethereum and Cardano in the development of decentralised finance applications, and is even overtaking Ethereum in the booming non-fungible token (NFT) sector.
In addition, Solana is based on a combination of two validation techniques: Proof of Stake and Proof of History, which consume very little electricity, unlike Bitcoin and Ethereum, which require considerable processing power to validate transactions.
Let’s recall that, in July, Swissquote added Polkadot to its crypto offering.
Polkadot is a next-generation blockchain protocol that enables different blockchains to connect and communicate with each other. The protocol was launched with the idea of creating a better internet, where control is returned to the individuals and not to large corporations. It was designed by Ethereum’s co-founder, Gavin Wood.
In June, Swissquote made Dogecoin available to trade on its platform.
In April, cryptocurrencies Cardano (ADA), Filecoin (FIL), Maker (MKR), Uniswap (UNI) and yearn.finance (YFI) were made available for trading. Shortly after that, the cryptocurrency universe was further expanded with the addition of Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM).