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

The author of a personal finance book published over 20 years ago is diversifying his crypto portfolio while predicting a looming major market crisis. In a recent interview with Stansberry Research, Rich Dad Poor Dad author Robert Kiyosaki was asked why he recently added Solana (SOL) to his portfolio. “The best deals are always done early. […] The post Rich Dad Poor Dad Author Says One Ethereum Competitor Is Just Getting Started, Predicts Inflation Will Wipe Out US Economy appeared first on The Daily Hodl.

Rich Dad Poor Dad Author Says One Ethereum Competitor Is Just Getting Started, Predicts Inflation Will Wipe Out US Economy

Avalanche

Fantom

Terra

Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter […]

Terra's Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis

Polygon

Shiba Inu

Crypto trading platform Robinhood has listed the popular meme coin Shiba Inu (SHIB) alongside Solana and others.

Robinhood Adds SHIB, Solana, Compound and Polygon's MATIC

Robinhood has added a spate of new cryptocurrencies today, namely Shiba Inu, Solana, Polygon and Compound. The post Robinhood appears to be adding four cryptos including Shiba Inu and Solana appeared first on The Block.

Robinhood appears to be adding four cryptos including Shiba Inu and Solana

Shiba Inu (CRYPTO: SHIB) is among the four cryptocurrencies that were selected for listing by major retail-oriented stock and crypto exchange Robinhood Markets Inc. (NASDAQ: HOOD).

Shiba Inu, Solana, Polygon And Compound Land On Robinhood: What You Need To Know

Cardano

Bitcoin

Ethereum

Arthur Hayes, the co-founder of crypto exchange BitMEX, fears the price of bitcoin and ethereum could fall much further...

BitMEX Founder Issues Serious Crypto Crash Warning And A Bleak Bitcoin And Ethereum Price Prediction As BNB, XRP, Solana, Cardano, Luna And Avalanche Tumble

A leading digital assets manager says institutional profit-taking lead to heavy outflows in crypto investment products over the last week. In the latest Digital Asset Fund Flows Weekly report, CoinShares suggests last week's heavy outflows of $134 million is a result of the previous week's market value appreciation. “Digital asset investment products saw outflows totaling US$134m […] The post Institutions Take Profit After Market Rally, but Solana (SOL) and Cardano (ADA) Remain Resilient: CoinShares appeared first on The Daily Hodl.

Institutions Take Profit After Market Rally, but Solana (SOL) and Cardano (ADA) Remain Resilient: CoinShares

CME will offer reference rates for 11 altcoins—an important prerequisite for crypto ETFs and derivatives.

CME Adds Reference Rates for Solana, Cardano, Polygon and Other Altcoins

Shark Tank star Kevin O'Leary believes that no other crypto asset will ever take the place of Bitcoin (BTC). In a new interview with Stansberry Research, O'Leary explains why he is long-term bullish on the benchmark cryptocurrency. “I don't think you're ever going to pass the granddaddy crypto. That's going to continue to become harder […] The post Shark Tank's Kevin O'Leary Says Four Altcoins Have Potential – But ‘Granddaddy Crypto' Bitcoin Is Unbeatable appeared first on The Daily Hodl.

Shark Tank's Kevin O'Leary Says Four Altcoins Have Potential – But ‘Granddaddy Crypto' Bitcoin Is Unbeatable

The world's largest non-fungible token (NFT) marketplace is making waves by adding support for Solana (SOL)-based digital art. In a new tweet, OpenSea officially announces support for NFTs built on smart contract platform Solana with the launch of the beta today. “During beta, we're excited to collect feedback and improve the Solana experience. We're currently […] The post Leading Digital Marketplace OpenSea Officially Adds Support for Solana (SOL)-Based NFTs appeared first on The Daily Hodl.

Leading Digital Marketplace OpenSea Officially Adds Support for Solana (SOL)-Based NFTs

Less than two weeks after announcing Solana NFTs were coming to NFT marketplace OpenSea, they are officially here and ready to be bought and sold.

Solana NFTs Are Live On OpenSea: Here Are The Details And Some Early Profiled Collections

Dogecoin

Russia's recent move signals a monumental role crypto could play in the global financial system, which could send the bitcoin price to $1 million. Meanwhile, ethereum, BNB, terra, XRP, solana, cardano, dogecoin are sinking.

‘A New Petro-Asset': This Historic Move Could Send Bitcoin's Price To $1 Million—Meanwhile, Ethereum, BNB, Terra, XRP, Solana, Cardano, Dogecoin Are Sinking

Remarks from the Federal Reserve have spooked crypto investors, with leading coins in Bitcoin, Ethereum, and Solana all dropping points on the day.

Solana Tumbles 7% as Crypto Markets Correct

Bitcoin and major cryptocurrencies, including ethereum, BNB, luna, XRP, solana, cardano and avalanche, have suddenly moved sharply lower, wiping around $200 billion from the combined crypto market...

$2 Trillion Crypto Crash Warning: Sudden Shock Tanks The Price Of Bitcoin, Ethereum, BNB, Luna, XRP, Solana, Cardano, Avalanche And Dogecoin

At long last, Solana support is finally live on OpenSea—in beta mode.

Solana NFTs Can Now Be Traded on OpenSea

Commodity analysts from Bloomberg say that Ethereum (ETH) is significantly undervalued and that three of its biggest competitors are all showing solid potential. In the latest Crypto Outlook report, Bloomberg strategist Mike McGlone says that based on a discounted cash flow model, which attempts to estimate the value of an investment based on projections of […] The post Ethereum Significantly Undervalued While Terra, Solana and Additional ETH Rival Show Positive Signals: Bloomberg Analyst appeared first on The Daily Hodl.

Ethereum Significantly Undervalued While Terra, Solana and Additional ETH Rival Show Positive Signals: Bloomberg Analyst

Global crypto markets were trading nearly 6% lower as of writing this, with SOL one of the biggest crypto's to fall during the session. While falling by over 12% on the day, RUNE and WAVES fell by as much as 20% on Thursday. WAVES WAVES was easily one of the biggest gainers in March, as […]

Biggest Movers: SOL Slips Over 10%, as RUNE, WAVES Down Nearly 20%

OpenSea, the venture-backed marketplace for non-fungible tokens, has gone live with its long-anticipated integration of Solana.  The post OpenSea goes live with support for Solana-based NFTs appeared first on The Block.

OpenSea goes live with support for Solana-based NFTs

Crypto exchange FTX.US president Brett Harrison is predicting that many of today's blockchains will be discarded by the market in the future. In a new interview with the Thinking Crypto YouTube channel, Harrison says he expects significant consolidation now that the space has ballooned to hundreds of unique blockchains. Here's a couple off-the-cuff predictions that […] The post FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.

FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX)

Strata has raised a seed round from Multicoin Capital, Alameda Research and others to offer a no-code launchpad to play-to-earn games and social token projects.

Strata Raises $1.5M to Build a No-Code Token Launchpad on Solana

Hivemapper rewards users with tokens for passively capturing mapping data with dashcams in a model inspired by Helium.

A Decentralized Google Maps? Solana-Based Hivemapper Raises $18M to Build It

Rich Dad Poor Dad author Robert Kiyosaki says a global recession is coming, and he's naming several crypto assets and gold as potential ways to weather the storm. In a new tweetstorm, Kiyosaki says he's certain a market crash is inevitable. He cites the recent inversion of Treasury yields as proof. Today, the two-year Treasury […] The post Rich Dad Poor Dad Author Warns Major Market Crash Coming, Says Bitcoin, Ethereum, Solana and Gold Are Potential Way Out appeared first on The Daily Hodl.

Rich Dad Poor Dad Author Warns Major Market Crash Coming, Says Bitcoin, Ethereum, Solana and Gold Are Potential Way Out

With OpenSea inbound, Magic Eden leans into its “Solana-native” status by enabling purchases with tokens from leading NFT projects.

Magic Eden to Accept Tokens From Top Solana NFT Projects Aurory and DeGods

A leading digital assets manager says institutional investors have regained an appetite for altcoins after market sentiment had a rocky start in 2022. According to the latest CoinShares Digital Asset Fund Flows Weekly Report, crypto investment products saw $180 million in inflows last week, with the vast majority of the inflows deriving from Europe. “Digital asset […] The post Institutions Pour Capital Into Ethereum, Solana, and Additional ETH Competitor As Sentiment Recovers: CoinShares appeared first on The Daily Hodl.

Institutions Pour Capital Into Ethereum, Solana, and Additional ETH Competitor As Sentiment Recovers: CoinShares

The host of popular crypto YouTube channel InvestAnswers says a historical indicator is suggesting that one Ethereum (ETH) challenger is ready to turn heads. In a new video, the pseudonymous analyst says that he's bullish on Solana but that SOL faces considerable resistance at the $150 mark. “We are about to touch the 200-day moving […] The post Historically Accurate Signal Suggests This Ethereum Rival Is Ready To Go ‘Bonkers,' Says Crypto Analyst appeared first on The Daily Hodl.

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