What does "project" mean in cryptocurrency? What is the hot SOL now?

Cryptocurrencies are rising wildly recently. Many people often say that they have invested in a certain project on a certain chain and how much has it risen, but what exactly does this project mean?

In fact, to understand the meaning of the project, we must first understand one thing, that is, what is the difference between blockchain and virtual currency. Take Ethereum as an example. There is actually something called Ethereum behind Ethereum. Ethereum is a platform. It has written a set of rules for users to use it. Ethereum is like you are going to an electric playground. When you want to use the platform, you need to invest the tokens.

However, because ether and bitcoin are so often mentioned, when referring to these two mainstream blockchains, ether is often used to refer to the entire ethereum ecosystem including ether, so that this kind of mixed use confuses people .

Speaking of this, we can go back and talk about what the project means. Many people say that I invested in a certain project and it went up a few days.

What this sentence really means is that they bought the token of the project and how much the value of the token went up.

And these projects themselves may run on a platform, such as Ethereum, which itself can be called an independent blockchain. The recently popular Solana (SOL) is a completely open source blockchain specially designed for DeFi, with a maximum transaction volume of 59,490 transactions per second and an average block time of about 2 seconds per block. In order to greatly surpass the advantages of Ethereum, different blockchains have their own advantages and characteristics.

SOL has a project dedicated to running the lending function, and this project also has its own token, but most people now use the token as a speculative tool.

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