Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

Brave is making crypto easier to buy through its wallet feature.

Brave Adds Solana Support and Ramp Wallet Functionality in Latest Browser Update

Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens […]

Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday's Session

Avalanche

A widely followed crypto strategist and trader believes that two of Ethereum's (ETH) biggest challengers are likely to pull off rallies in the coming weeks. Pseudoymous analyst Pentoshi tells his 553,200 Twitter followers that he's keeping a close watch on smart contract platforms Solana (SOL) and Avalanche (AVAX). According to the crypto analyst, both AVAX […] The post Two Ethereum Challengers Gearing Up for Rallies As Crypto Looks Turbo Bullish: Top Analyst appeared first on The Daily Hodl.

Two Ethereum Challengers Gearing Up for Rallies As Crypto Looks Turbo Bullish: Top Analyst

Cosmos

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices […]

Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding L1 ecosystems that have built connections with Terra and its native assets are adjusting to a new reality as they contend with the fallout of UST's collapse This week, we take a look at Cosmos, Avalanche, and Solana

Layer by Layer Issue 31: Cosmos, Avalanche, and Solana

The Solana non-fungible token (NFT) market is beginning to find its stride, with daily transactions on the ecosystem's leading marketplace, Magic Eden, now topping OpenSea, its Ethereum counterpart.

The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours.

Two altcoins are crushing Ethereum (ETH) in terms of active addresses and daily transactions, according to a new report from venture capital giant Andreessen Horowitz (a16z). The venture capital firm looked at active addresses measured over a 30-day period as of May 12th, Ethereum had 5.5 million, compared to 9.4 million for Binance Chain's Binance […] The post Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz appeared first on The Daily Hodl.

Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz

Ethereum

A closely tracked crypto strategist is outlining what's in store for leading smart contract platform Ethereum and two ETH challengers, including Solana (SOL). In a new strategy session, pseudonymous analyst Cred says Ethereum might have printed a tradeable range provided that the bottom at $2,000 holds. “This might be our range for some time. Support […] The post Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce appeared first on The Daily Hodl.

Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce

May 18, 2022 – Tortola, British Virgin Islands DeFi Land, the third-most prominent game on the Solana blockchain, will launch a new breed of play-and-earn game on May 18, 2022, at 8 PM UTC. The current DeFi Land ecosystem has no play-to-earn elements – yet has achieved over 7,500 daily active users looking to have fun […] The post Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game appeared first on The Daily Hodl.

Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game

A popular crypto analyst says that two Ethereum challengers could move hard and fast during the next bounce in digital asset markets.

Analyst Says Ethereum Rivals Solana (SOL) and Avalanche (AVAX) Could Rip Hard Next Bounce – Here Are His Targets

Bitcoin

Institutional investors took advantage of last week's Bitcoin sell-off in record numbers for 2022, according to CoinShares. In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that crypto investment products saw the largest capital inflow of the year last week as institutions sought to buy into the market's weakness. “Digital asset investment products saw […] The post Institutional Investors Accumulate Staggering $298,000,000 in Bitcoin As Ethereum, Solana and Additional Altcoins Tread Water: CoinShares appeared first on The Daily Hodl.

Institutional Investors Accumulate Staggering $298,000,000 in Bitcoin As Ethereum, Solana and Additional Altcoins Tread Water: CoinShares

Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday's biggest gainers, as prices rose by almost $20 from lows during Sunday's session. Following a […]

Biggest Movers: XMR and SOL Higher on Monday

Cardano

Polkadot

Terra

Traders are nervously watching the price of crypto lender Celsius' cel cryptocurrency which has collapsed by almost 70% over the last month as panicked sellers offload the coin...

The Next Luna And UST? Crypto Market Now Braced For Another Earthquake After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Avalanche And Polkadot Price Crash

A popular crypto strategist and trader says he's keeping a close watch on two Ethereum challengers that he believes are poised to break out this week. Pseudonymous analyst Pentoshi tells his 547,800 Twitter followers that the crypto markets are flashing signs of bearish exhaustion, suggesting that bulls can ignite relief rallies. “Now we have all-time […] The post Two Ethereum Rivals Are Primed To Break Out This Week, According to Top Crypto Analyst appeared first on The Daily Hodl.

Two Ethereum Rivals Are Primed To Break Out This Week, According to Top Crypto Analyst

Last week, Bitcoin fell to $26,350, the lowest since December 2020.

Bitcoin Breaches $30K After Weeks of Declines as Ethereum, Cardano, Solana Join Weekend Rally

After the recent downtime, Solana's NFT protocol developers go on the offense against transaction-spamming bots.

How Metaplex Is Solving Solana's Network-Crashing NFT Botting Problem

A widely followed crypto trader is predicting further corrective moves smart contract platform Cardano (ADA) and one of this year's trending altcoins. Pseudonymous crypto analyst Capo tells his 307,500 Twitter followers ADA is poised for another leg down before it completes its five-wave downtrend, based on the Elliott Wave theory. “ADA Fifth wave missing. Main […] The post Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will ‘Go Down to the Basement' appeared first on The Daily Hodl.

Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will ‘Go Down to the Basement'

Shiba Inu

Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today's session. Polkadot (DOT) DOT was one of today's biggest gainers, as […]

Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges

Bitcoin and cryptocurrencies have crashed further overnight, dropping to levels not seen since the crypto market began surging in late 2020...

$1 Trillion Crypto Meltdown—Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra's Luna And Avalanche

Solana prices have plunged lately, causing the digital currency to trade down more than 80% from its all-time high. What caused the latest declines? Market experts offer their input.

'Full Irrational Panic' - Solana Drops To Lowest Since August Amid Crypto Plunge

ApeCoin

The crypto market is deep in the red today, and these coins have suffered some of the biggest losses outside of Terra.

Not Just Terra: ApeCoin, Avalanche, Solana, Shiba Inu All Down at Least 20% in Crypto Crash

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday's trading […]

Biggest Movers:  SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday

Bitcoin﻿ and cryptocurrency markets have fallen sharply after the controversial algorithmic stablecoin TerraUSD (UST) dropped further from its dollar peg...

Going ‘To Zero'—Panic Is Sweeping Crypto Markets, Hitting The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra's Luna And Avalanche

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL […] The post Here's Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers appeared first on The Daily Hodl.

Here's Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers

A leading crypto asset manager says institutional investors bought Bitcoin's (BTC) low last week, giving digital investment products their first week of inflows since early April. In the latest edition of their weekly Digital Asset Fund Flows Weekly Report, CoinShares finds institutions invested $45 million in BTC products despite the market crash. “Bitcoin saw inflows totaling […] The post Institutional Investors Are Accumulating a Top Ethereum Rival and Stockpiling Bitcoin, According to Crypto Asset Firm CoinShares appeared first on The Daily Hodl.

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