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

These include Everstake, P2P, Syndica, Figment, Triton1, Coinbase Cloud, and Blockdaemon. The post Seven infrastructure firms add support for Pyth oracle network on Solana appeared first on The Block.

Seven infrastructure firms add support for Pyth oracle network on Solana

DeGods will obtain all of the top-tier Ethereum NFT ownership stakes in Killer 3s, one of the teams in Ice Cube's 3-on-3 basketball league.

DeGods Solana NFT Project to Buy Team Stake in Ice Cube's BIG3 League

Cardano

Avalanche

Bitcoin

Dogecoin

Ethereum

Terra

The co-founder of bitcoin and crypto exchange BitMEX has outlined how he sees the bitcoin price eventually hitting $1 million—a far more bullish price prediction than he made earlier this month...

‘Doom Loop'—Crypto Exchange Founder Suddenly Flips With Shock Bitcoin Price Prediction As Ethereum, BNB, XRP, Solana, Cardano, Luna, Avalanche And Dogecoin Crash Back

ApeCoin

A popular analyst is digging into the charts to see if a diverse trio of crypto assets might be primed for rallies. The pseudonymous crypto trader Altcoin Sherpa tells his 174,200 Twitter followers that if Bitcoin (BTC) maintains its trend of higher lows dating back to late February, he believes the leading cryptocurrency can roar […] The post Crypto Trader Predicts Bitcoin (BTC) Rally in Coming Weeks, Says Solana (SOL) and ApeCoin (APE) Ready for Bounce appeared first on The Daily Hodl.

Crypto Trader Predicts Bitcoin (BTC) Rally in Coming Weeks, Says Solana (SOL) and ApeCoin (APE) Ready for Bounce

Joe McCann has secured commitments from the likes of Marc Andreessen and Anatoly Yakovenko for his "technology company with the mandate of a fund." The post Founders from a16z, Solana and more back new billion-dollar crypto fund appeared first on The Block.

Founders from a16z, Solana and more back new billion-dollar crypto fund

Cadenza Ventures led the round, joined by FTX, Winklevoss Capital, BlockFi, Tiger Global, Alumni Ventures, Lightbank, and others.

GamerGains Gets $5.8 Million for Solana Play-and-Earn Platform Supporting Web2 Games

Algorand

A leading crypto asset manager says that institutional investment products stemmed outflows last week thanks to continued investment in altcoin-focused products. In the most recent Digital Asset Fund Flows Weekly report, CoinShares finds that crypto investment products suffered minor outflows last week. “Digital asset investment products saw outflows cool last week, totaling US$7.2m, bringing total outflows […] The post Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares appeared first on The Daily Hodl.

Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares

The following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here...

CryptoCodex: Coinbase CEO Reveals Surprise Crypto Prediction As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Luna Crash

Blockchain market data provider CryptoCompare is revealing the most potent threat to Ethereum (ETH) in the decentralized finance landscape during the first quarter (Q1) of 2022. In a new report, CryptoCompare says that Ethereum is experiencing stagnant growth in the total value locked (TVL) – the amount of all staked crypto assets that are generating […] The post This Altcoin Is the Biggest Threat to Ethereum (ETH) So Far This Year, According to CryptoCompare appeared first on The Daily Hodl.

This Altcoin Is the Biggest Threat to Ethereum (ETH) So Far This Year, According to CryptoCompare

A panel of cryptocurrency experts has predicted the bitcoin price will peak at almost $82,000 in 2022 before dropping to just above $65,000 by the end of the year...

Massive 2022 ‘All-Time High' Bitcoin Price Prediction Comes With A Serious Ethereum, BNB, XRP, Solana, Cardano, Luna And Avalanche Warning

Polygon

Shark Tank star Kevin O'Leary says he has maxed out his crypto portfolio by making big bets on a slew of different types of altcoins and Ethereum (ETH) challengers. In a new interview on the Scott Melker podcast, the investor says that he came to a realization that digital assets are more software than currency, […] The post Shark Tank's Kevin O'Leary Unveils Large Crypto Portfolio, Says He's Accumulating Solana, Polygon and Three Additional Altcoins appeared first on The Daily Hodl.

Shark Tank's Kevin O'Leary Unveils Large Crypto Portfolio, Says He's Accumulating Solana, Polygon and Three Additional Altcoins

A popular crypto strategist and is unveiling his huge long-term price target for Ethereum (ETH) competitor Solana (SOL) while predicting surges for Avalanche (AVAX) and Terra (LUNA).

Crypto Analyst Unveils Massive Target for Ethereum Rival Solana, Predicts Rallies for Avalanche and Terra

Chamath Palihapitiya, a former Facebook executive who runs the venture capital fund Social Capital, has warned there's "a swarm of activity [coming] to dismantle" Visa and Mastercard...

‘Single Dumbest Thing They Could Do'—‘SPAC King' Issues Stark Visa And Mastercard Crypto Warning As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana And Cardano Surge

A closely tracked crypto strategist says that Ethereum (ETH) challenger Solana (SOL) and one low-cap crypto asset are starting to show signs of bottoming out. Pseudonymous trader Altcoin Sherpa tells his 173,100 Twitter followers that smart contract platform Solana appears to be carving out a low as the Ethereum rival continues to respect support at […] The post Ethereum (ETH) Rival Solana (SOL) and One Low-Cap Altcoin Flashing Bottom Signals, According to Crypto Analyst appeared first on The Daily Hodl.

Ethereum (ETH) Rival Solana (SOL) and One Low-Cap Altcoin Flashing Bottom Signals, According to Crypto Analyst

Sydney, Australia, 19th April, 2022, Plutonians, an RPG game built on the Solana blockchain, is preparing for the launch of its first-ever two new tokens,…

Solana based NFT game Plutonians to launch two Metaverse and Ecosystem tokens on April 19

DeFi platform Hedge has attracted investors who see a bright future for the Solana blockchain.

Solana DeFi Platform Hedge Raises $3.7 Million to Offer Interest-Free Loans

Billionaire investor Chamath Palihapitiya thinks Solana (SOL) will play a part in a market disruption that challenges the financial supremacy of giant payment companies. In a new interview on the All-In Podcast, Palihapitiya says there's been a surge in activity in the past 90 days in the payments sector. “Visa and Mastercard, I think, are […] The post Billionaire Chamath Palihapitiya Says Solana (SOL) Part of Massive Disruption of Global Payments Industry appeared first on The Daily Hodl.

Billionaire Chamath Palihapitiya Says Solana (SOL) Part of Massive Disruption of Global Payments Industry

A closely followed crypto analyst says that another altcoin is emerging as a major competitor of Solana (SOL) as the leading Ethereum challenger faces technical hurdles.  In a new video, pseudonymous Coin Bureau host Guy tells his two million YouTube subscribers that investors are looking for a Solana alternative after network outages and hacks that […] The post Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau appeared first on The Daily Hodl.

Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau

A robot that's earned a reputation for outperforming the markets is revealing its latest crypto portfolio allocations. Every week, the Real Vision Bot conducts surveys of cryptocurrency-related data in order to create an algorithmic portfolio assessment consistent with the consensus of the “hive mind.” Real Vision says that the bot has had an “astonishing” record […] The post Algorithm Known for Outperforming Crypto Markets Favors Ethereum (ETH), Terra (LUNA), Solana (SOL) and One Additional Altcoin appeared first on The Daily Hodl.

Algorithm Known for Outperforming Crypto Markets Favors Ethereum (ETH), Terra (LUNA), Solana (SOL) and One Additional Altcoin

Robert Kiyosaki, the author behind the best-selling “Rich Dad Poor Dad” book series, has added another cryptocurrency to his portfolio.

The Next Bitcoin? ‘Rich Dad Poor Dad' Author Sees A Big Opportunity In This Altcoin

The combined crypto market has lost almost $400 billion since early April, as top ten cryptocurrencies including Binance's BNB, Ripple's XRP, solana, cardano, luna and avalanche struggle...

‘Absolute Disaster'—Serious Crypto Price Crash Warning Issued After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Avalanche Go Into Free Fall

FTX cryptocurrency exchange founder Sam Bankman-Fried is sharing what could happen if Twitter were to run on the Solana (SOL) blockchain. In a series of tweets, Bankman-Fried tells his 633,800 followers his thoughts about the possibility and implications of making Twitter decentralized. “Tweets go on-chain, encrypted; the sender chooses who has access to them (i.e. […] The post Dogecoin for Tipping Tweeters? FTX Founder Sam Bankman-Fried Outlines Vision for Remaking Twitter on Solana appeared first on The Daily Hodl.

Dogecoin for Tipping Tweeters? FTX Founder Sam Bankman-Fried Outlines Vision for Remaking Twitter on Solana

Treasury Secretary Janet Yellen hinted at how policymakers will approach crypto regulation. Meanwhile, the price of ethereum, bitcoin, BNB, XRP, solana, cardano, and dogecoin sink.

‘National Security'—Yellen Let Slip Her Plan to Regulate Crypto As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, And Dogecoin Sink

Rarible expands its multi-chain approach even further while launching a custom marketplace for profile-picture NFT project Degenerate Ape Academy.

Solana NFTs Now Heading to Rarible Following OpenSea Debut

Cosmos

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 teams continue to raise record amounts of capital to fund ecosystem development. Meanwhile, networks are undergoing major upgrades, with some facing significant issues along the way This week, we take a look at NEAR, Cosmos, and Solana  

News for Solana Crypto (SOL)