How to Stake Solana (SOL) and Choose the Right Validator
⁃What is the new Solana blockchain and SOL?
⁃Can it really do transactions at the speed of light? (lol.no.)
⁃Why has the price gone up 10x this year?
In today's video we're looking at the new Proof of Stake blockchain claiming 65k transactions per second. We show you how to stake on the chain using Solflare wallet and talk about the developing space around it and how to choose the right validator to avoid slashing and cut down on fees/earn the highest staking rewards.
We also discuss our website progress, the new blog section coming, and the upcoming XRP fork from Flare newtorks, the Spark token.
More to come, and as always, check out these link below if you're feeling good about yourself today.
Please DYOR and this is not financial advice.
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In this video:
0:00 - Intro
0:47 - Creating staking account
1:57 - Choosing the right validator
8:00 - Delegating your staking account
10:10 - Solana inflation rate
11:27 - New blog and website! (seems-legit.com)
12:25 - Flare Network and XRP Fork/Snapshot
14:48 - Outro and HIT THAT SUBSCRIBE BUTTON!
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#defi #sol #crypto