Solana (SOL) is the cryptocurrency used on the Solana blockchain. The basic unit is 1 SOL, but for smaller transactions and denominations, SOL can be divided into smaller units. The units for Solana are as follows:
- 1 lamport = 0.000000001 SOL (10^-9 SOL)
- 1 SOL = 1,000,000,000 lamports
The term “lamport” is named after Leslie Lamport, a significant contributor to the theory of distributed systems. Transaction fees on the Solana network, for instance, are typically calculated in lamports.