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

Avalanche

A popular crypto trader is cautioning digital asset investors about the fate of altcoins as the markets take a tumble to start the new week. The analyst known as Altcoin Sherpa follows up on a May 6th tweet where he warned that it could be “lights out” for many altcoins if certain price levels were […] The post Analyst Issues Solana and Avalanche Warnings, Says Traders Should Not Underestimate Altcoin Bear Market appeared first on The Daily Hodl.

Analyst Issues Solana and Avalanche Warnings, Says Traders Should Not Underestimate Altcoin Bear Market

Cardano

Bitcoin

Ethereum

Terra

Bitcoin﻿, ethereum and other major cryptocurrencies have suddenly crashed, wiping $400 billion from the combined crypto market since Friday...

Serious ‘Ripple' Warning After Massive $400 Billion Crypto Crash Suddenly Plunges Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Terra's Luna And Avalanche Into Free Fall

A closely followed crypto analyst is outlining what's ahead for Ethereum rival Solana (SOL) and move-to-earn protocol STEPN (GMT). In a strategy session, DonAlt warns holders of smart contract platform Solana that SOL looks bearish on the high timeframe charts after converting weekly support at $140 into resistance. According to DonAlt, the price action suggests […] The post Here's What's Next for Solana (SOL) and Red-Hot Altcoin STEPN (GMT), According to Crypto Strategist appeared first on The Daily Hodl.

Here's What's Next for Solana (SOL) and Red-Hot Altcoin STEPN (GMT), According to Crypto Strategist

Polygon

Instagram will not charge users for posting and sharing NFTs. The post Instagram to support NFTs from Ethereum, Polygon, Solana, Flow: report appeared first on The Block.

Instagram to support NFTs from Ethereum, Polygon, Solana, Flow: report

Bitcoin, ethereum and other major cryptocurrencies have fallen sharply, wiping around $200 billion from the crypto market in just a matter of days.

‘Extreme Fear' Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche

The chief strategy officer of $5 billion crypto asset manager CoinShares, Meltem Demirors, warned governments are going to try to ban bitcoin and other cryptocurrencies...

‘A De Facto Ban'—Serious Bitcoin Warning Issued As Price Crash Hits Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche

A popular crypto analyst and trader is warning that altcoins face more downward price pressure if the current support levels fail to hold. Pseudonymous trader Altcoin Sherpa tells his 174,900 Twitter followers that Solana (SOL), Polygon (MATIC), Avalanche (AVAX) and Terra (LUNA) are on the verge of losing their support levels. The analyst says that […] The post Top Trader Says Solana (SOL), Polygon (MATIC) and Two Ethereum Rivals in Massive Danger if Support Crumbles appeared first on The Daily Hodl.

Top Trader Says Solana (SOL), Polygon (MATIC) and Two Ethereum Rivals in Massive Danger if Support Crumbles

WAVES dropped by as much as 17% in today's session, as crypto markets as a whole traded mostly in the red. SOL and NEAR were two notable tokens to fall in today's session, with AVAX also falling by double digits today. WAVES WAVES dropped for a second consecutive session, as prices moved towards the long-term […]

Biggest Movers: WAVES Drops 17% as NEAR, SOL, and AVAX Also Take Double-Digit Hits on Friday

So much for a slump: NFT trading volume soared last month, and May is already off to a hot start thanks to Bored Ape metaverse land.

Moonbirds, Solana Boost NFT Market in April as Sales Jump 45%

Polkadot

Everyone wants to take down Ethereum, the biggest blockchain network for smart contracts.

5 Biggest 'Ethereum Killers'

Solana (SOL) plans to introduce a new fee system in addition to a host of other improvements as part of an effort to combat its repeated network issues. According to an explanation published by Solana Labs, Solana suffered a network outage over the weekend when the project's mainnet beta cluster “ceased producing blocks as a […] The post Solana (SOL) Developers To Introduce New Fee System To Optimize Network appeared first on The Daily Hodl.

Solana (SOL) Developers To Introduce New Fee System To Optimize Network

Bitcoin's struggle is by no means in isolation – the S&P 500 fell to a new record low for the year yesterday as investors brace for an aggressive rate hike at this week's FED meeting.

$100 Billion Crypto Crash Sends The Price Of Bitcoin, Ethereum, XRP, Luna, Solana, Cardano And Avalanche Into Free Fall

Fantom

A widely-followed cryptocurrency analyst is expressing bearish sentiment on two Ethereum (ETH)-competing altcoins. Pseudonymous crypto analyst Capo tells his 263,800 Twitter followers that the prices of two layer-1 platforms could fall by over 50% from the current levels. Starting with Fantom (FTM), Capo says that the native token of the smart contract-enabled blockchain is flashing […] The post Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming appeared first on The Daily Hodl.

Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming

Senior Bloomberg Intelligence analyst Mike McGlone says that one prominent Ethereum (ETH) challenger is on its way to prevailing over other ETH competitors. In a new Crypto Outlook report, McGlone says that smart contract platform Solana (SOL) is outpacing other so-called “Ethereum killers,” which should result in SOL securing its spot in the top five […] The post Bloomberg Analyst Says Says One Ethereum Competitor To Outlast the Rest, Makes Huge Long Term Bitcoin appeared first on The Daily Hodl.

Bloomberg Analyst Says Says One Ethereum Competitor To Outlast the Rest, Makes Huge Long Term Bitcoin

A panel of 36 industry experts has returned an ethereum price prediction of almost $5,800 by the end of 2022—more than double its current level of $2,800...

Huge 2022 Ethereum Price Prediction Comes With A Serious BNB, Solana, Cardano, Avalanche And Polkadot Warning

Millions of transactions per second and heavy traffic contributed to the network's disruption, developers explained on Tuesday.

Here's Why Solana Ceased Block Production for Seven Hours on Saturday

Bloomberg Intelligence analyst Mike McGlone says that the blue-chip crypto assets are set to outperform other commodities by the end of the year. In a new interview on the Scott Melker podcast, McGlone says that leading digital assets Bitcoin (BTC), top smart contract platform Ethereum (ETH), and ETH competitor Solana (SOL) will resume their uptrend […] The post Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here's Why appeared first on The Daily Hodl.

Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here's Why

Solana Labs co-founder Anatoly Yakovenko was accused of being "MIA" — after falling silent while the crisis unfolded. He later said he was traveling as the outage happened.

Solana Suffers Huge Outage as Bots Overwhelm Network with Four MILLION Transactions Per Second

While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana's blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana's mainnet to lose consensus for roughly seven hours. Solana's Mainnet Loses Consensus for 7 Hours […]

After Solana's Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

The crash calls to mind a 17-hour outage in September, which the Solana Foundation said was due to "in effect, a denial of service attack."

Seven-Hour Solana Crash Blamed on Bots Swarming Candy Machine

This has been fairly well telegraphed by Chairman Powell, with some more hawkish talk from other Fed Governors. An increase higher than 50 basis points, deviating from the current consensus, may lead to a drop in risk markets including BTC. Regardless, the bitcoin market has proved to be relative...

Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Crater

Engineers were still investigating why the network was unable to recover from the crush of transactions that caused the outage, a Twitter post said. The post Solana restarted after seven-hour outage caused by surge of transactions appeared first on The Block.

Solana restarted after seven-hour outage caused by surge of transactions

It wasn't immediately clear how the bot traffic overcame network safeguards.

Solana Goes Dark For 7 Hours as Bots Swarm ‘Candy Machine' NFT Minting Tool

April 28, 2022 – Taipei, Taiwan YGG SEA has formed a new partnership with Solana Ventures, the investment arm of Solana Labs, that will bolster the Yield Guild Games subDAO's operations in Southeast Asia. This exclusive strategic agreement will lead to the provision of resources to the region's game developers and broader gaming community. The […] The post YGG SEA Partners With Solana Ventures To Supercharge Game Development in Southeast Asia appeared first on The Daily Hodl.

YGG SEA Partners With Solana Ventures To Supercharge Game Development in Southeast Asia

Taipei, Taiwan, 28th April, 2022, Chainwire YGG SEA has formed a new partnership with Solana Ventures, the investment arm of Solana Labs, that will bolster…

News for Solana Crypto (SOL)