Solana Basics for Beginners | WomenBizCoin (WBC)

 

Solana Basics for Beginners

Solana is a high‑performance blockchain known for its speed and low fees. Here’s everything a beginner needs to know.

First, you’ll need a wallet. How to Set Up Your Phantom Wallet in 5 Easy Steps →

What Is Solana?

Solana is a decentralized blockchain that uses a unique Proof of History (PoH) combined with Proof of Stake (PoS) to achieve high throughput—over 50,000 transactions per second.

Key Terms to Know

• SOL: The native token used for fees and staking.
• Cluster: A set of validators processing transactions.
• Slot: A period of time in which a block can be produced.

How to Get SOL

Purchase SOL on major exchanges like Coinbase, Binance, or Kraken. Then withdraw to your Phantom wallet by copying your address and pasting it into the exchange’s withdrawal form.

Staying Safe on Solana

• Never share your recovery phrase.
• Use hardware wallets for large balances.
• Double‑check addresses before sending.

Next Steps

👉 Ready to dive in? Check out How to Set Up Your Phantom Wallet to get started.