ILS to SOL: Convert Israeli New Shekel to Solana instantly

To buy Solana (SOL) with ILS, you first need to sign up on a cryptocurrency exchange that supports this pair or fiat deposits in ILS. Complete the KYC (Know Your Customer) verification process. You can then deposit Israeli New Shekel using methods like a bank transfer, credit card, or debit card. Once your account is funded, navigate to the trading section, find the SOL/ILS pair, and execute a buy order.

Solana (SOL) is used for a wide range of applications due to its high speed and low fees. Key use cases include DeFi protocols (lending, borrowing, decentralized exchanges), NFT marketplaces, Web3 gaming, decentralized payment networks, and high-frequency on-chain trading. Its high throughput also makes it suitable for scalable dApps that require fast transaction finality.

Yes, but security involves both the platform and your own practices. The Solana (SOL) network itself is secured by cryptographic principles and its consensus mechanism. When exchanging ILS, use a reputable, regulated cryptocurrency exchange. After purchasing, it is highly recommended to transfer your Solana (SOL) to a private, non-custodial wallet where you control the private keys for maximum security.

Proof-of-History (PoH) is not a consensus mechanism itself, but a cryptographic clock that creates a verifiable, historical record of the order of events on the blockchain. It timestamps transactions before they are bundled into a block. This allows validators to process transactions in sequence without having to communicate back and forth, dramatically increasing the network's speed and throughput.

To sell Solana (SOL) for ILS, you need to transfer your SOL from your private wallet to a cryptocurrency exchange that lists the SOL/ILS pair or allows SOL to fiat withdrawal. Place a sell order for your Solana (SOL). Once the order is filled and you have an ILS balance, you can initiate a withdrawal to your linked Israeli bank account.

Sealevel is Solana's hyper-parallelized transaction processing engine. Unlike single-threaded blockchains, Sealevel allows the network to process tens of thousands of smart contracts simultaneously. It identifies non-overlapping transactions and executes them in parallel, which is a key factor behind Solana's industry-leading scalability and high throughput.

Yes, in Israel, the purchase of digital assets like Solana (SOL) is regulated. You must use exchanges that are compliant with local Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws. This typically involves mandatory KYC verification, where you provide personal identification documents. Gains from selling crypto are also subject to capital gains tax.

The primary differences are in their consensus mechanism, speed, and cost. Solana (SOL) uses Proof-of-History combined with Proof-of-Stake for very high throughput (65,000+ TPS) and low fees. Ethereum (ETH) uses Proof-of-Stake, which is secure and decentralized but has lower throughput and higher gas fees. Additionally, Solana (SOL) smart contracts are primarily written in Rust, while Ethereum's are written in Solidity.