Guide to Staking Solana (SOL)

What is Solana and how dose it work?

Solana , founded in 2017 by Anatoly Yakovenko, is a high-performance, open-source blockchain platform designed to support fast, scalable, and secure decentralized applications. It can handle a massive transaction load—up to 50,000 transactions per second—while maintaining low costs and minimal latency, making it a popular choice for applications like decentralized finance (DeFi), gaming, and other services that require high throughput.

The platform achieves its impressive performance through an innovative feature called Proof of History (PoH). PoH acts as a cryptographic clock that timestamps each transaction, ensuring a reliable and secure order of events. This timestamping allows validators, the network participants responsible for verifying transactions, to determine the order of transactions without needing to communicate with each other frequently. As a result, block production remains continuous and efficient, even under heavy network load. Additionally, Solana’s structure allows blocks to be broken into smaller transaction batches, or “entries,” which are streamed to validators in real-time. This enables Solana to process transactions much faster than other blockchains, making it well-suited for applications requiring high speed and scalability.

How to Stake Solana with KEYNODE

1.Introduction

Staking Solana is a great way to earn passive income while supporting the Solana network. With KEYNODE, you have a reliable and experienced platform to make the staking process simple and secure. As one of the most trusted names in the crypto staking industry, KEYNODE offers users a seamless way to stake Solana, backed by over a decade of expertise and a global user base of over 10 million people. Let’s explore how KEYNODE can help you get started with staking Solana today.

2.KEYNODE’s Solana Staking Product Features

a. Minimum Staking Amount
To begin staking Solana on KEYNODE, the minimum required amount is $500. This ensures that users can start earning significant rewards while supporting the network.

b. Staking Duration and Verification
Each staking period lasts for three days. After three days, the system automatically releases the staked funds, providing flexibility and ease of access to your assets. This short duration allows you to reinvest or withdraw based on your preferences.

c. Frequency of Rewards
Staking rewards are credited to your account daily. For example, if you stake $500, you’ll earn $6 per day, totaling $18 over the three-day period. With rewards arriving daily, you can see your earnings grow consistently.

Additionally, if you refer someone who stakes Solana through this service, you’ll receive a $5 referral bonus. It’s a great way to increase your earnings while helping others explore the benefits of staking on KEYNODE. Start staking and referring today to enjoy these daily profits in your account!

3.Step-by-Step Guide to Stake Solana on KEYNODE

a.Create a KEYNODE Account
To start, sign up by entering your username, email, and password. Make sure to remember your username and password, as they are crucial for accessing your account.

b.Fund Your Account
After logging in, go to the dashboard and click on the "Staking List". From there, select the "Solana" staking option.

c.Choose Payment Method
Next, select your preferred payment method. You can use USDT, BTC, ETH, LTC, or other supported currencies. Ensure the amount you input is at least $500, as this is the minimum required to stake Solana.

d. Start Staking
Once your payment is successfully processed, the system will automatically start staking. Your Solana staking process will begin running, allowing you to start earning rewards immediately.

e. End Staking
Due to the volatility of cryptocurrency prices, this staking product has a cycle of 3 days. After the 3-day period, your $500 investment will be returned to your account. At this point, you can choose to reinvest by purchasing a new staking cycle or withdraw all of your funds. This flexible option allows you to adapt to market conditions and manage your investments as needed.

4.Conclusion

Staking Solana with KEYNODE offers a straightforward way to stake your cryptocurrency while supporting the Solana network. With an easy setup, daily profit settlements, and a flexible 3-day cycle, KEYNODE provides a reliable platform for staking. Whether you choose to reinvest or withdraw your funds, you have full control over your investments. Start staking today and experience the benefits of staking Solana with a trusted platform. Thank you for choosing KEYNODE as your staking partner!

Solana Resources: White paper • Code repository • Block explorer