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Founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers, Solana is a single-chain Proof-of-stake protocol focused on providing scalability without compromising decentralization or security. Solana's mission is to support all high-growth and high-frequency blockchain applications and democratize the world's financial system. SOL is the native token of the Solana blockchain. Solana uses a Delegated Proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's secure design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby increasing network security.