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

Ethereum

Musician and DJ Dillon Francis and Big Night Entertainment managing partner Tim Bonito tell Decrypt's Kate Irwin about their deal for a Boston nightclub residency and record collaboration with DJ duo ESCAPΞPLAN, and give their takes on Ethereum vs Solana for buying and trading NFTs.

Musician Dillon Francis on Ethereum vs Solana for NFTs

Solana (SOL) co-founder Anatoly Yakovenko is unveiling how the smart contract platform is outperforming competing Ethereum (ETH) challengers. In a new interview with Circle co-founder and CEO Jeremy Allaire, Yakovenko says that the number of active daily users on Solana exceeds that of other smart contract platforms, such as leading altcoin Ethereum and layer-2 scaling […] The post Solana Co-Founder Reveals What's in Store for the Top Altcoin Project, Says SOL Is Beating Rivals on This Metric appeared first on The Daily Hodl.

Solana Co-Founder Reveals What's in Store for the Top Altcoin Project, Says SOL Is Beating Rivals on This Metric

Avalanche

Shark Tank star Kevin O'Leary is unveiling his strategy when it comes to investing in the top altcoin projects by market cap. In a new interview with CNBC's Squawk Box, the famed investor and entrepreneur says it's impossible to nail which of the leading projects will win out in the long run, as their development […] The post Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O'Leary Outlines His Crypto Investment Strategy appeared first on The Daily Hodl.

Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O'Leary Outlines His Crypto Investment Strategy

Polkadot

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 Within L1 ecosystems with significant TVL, DeFi protocols continue to face the challenge of attracting and directing liquidity within their ecosystems As cross-chain infrastructure continues to be optimized, DeFi products like stablecoins and liquid-staked tokens may offer a chance for newly launched blockchains with smaller ecosystems to promote user activity and boost their connectivity with other networks This week, we take a look at Solana, NEAR, and Polkadot

Layer by Layer Issue 23: Solana, NEAR, and Polkadot

Cardano

Bitcoin

Terra

Bitcoin and cryptocurrency prices have soared following the premature publication of a U.S. Treasury statement on a long-awaited Biden administration executive order...

Leak Reveals Biden's Crypto Plans— Sending The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Higher

A widely followed crypto trader is watching a trio of altcoins as the overall crypto markets enter the new week on an uncertain note. The pseudonymous trader known as Altcoin Sherpa tells his 169,600 Twitter followers that he's targeting $70 to $90 as the range to dollar cost average (DCA) buy-ins for layer-1 blockchain protocol […] The post Here's What's Next for Ethereum Disruptors Solana (SOL) and Avalanche (AVAX), According to Popular Crypto Trader appeared first on The Daily Hodl.

Here's What's Next for Ethereum Disruptors Solana (SOL) and Avalanche (AVAX), According to Popular Crypto Trader

Fantom

A top crypto analyst is warning that Cardano (ADA) and two other Ethereum (ETH) competitors are likely to continue facing heavy downside risks. Starting with smart contract platform Cardano, the pseudonymous trader known as Capo tells his 246,200 Twitter followers that the ninth-largest cryptocurrency by market cap is in a “very bearish” territory after converting […] The post Top Crypto Analyst Warns Cardano (ADA) and These Two Ethereum Rivals Are Flashing Bearish Signals appeared first on The Daily Hodl.

Top Crypto Analyst Warns Cardano (ADA) and These Two Ethereum Rivals Are Flashing Bearish Signals

Many bitcoin and crypto investors are feeling upbeat—and making bold crypto price predictions...

Crypto Price Prediction: Bitcoin Could Soar To $50,000 In March As Extreme Volatility Hits Ethereum, Solana, Cardano, BNB And XRP

Cardano (ADA) creator Charles Hoskinson is detailing a series of upcoming upgrades for the ninth-largest crypto asset by market cap that he says will result in massive performance improvements. In a new video, Hoskinson says Cardano could achieve the same type of performance as Solana (SOL) and other smart contract-enabled blockchains later this year. “This […] The post Here's When Cardano (ADA) Will Rival Solana (SOL) in Performance, According to Cardano Creator Charles Hoskinson appeared first on The Daily Hodl.

Here's When Cardano (ADA) Will Rival Solana (SOL) in Performance, According to Cardano Creator Charles Hoskinson

The 6 Rings NFTs are inspired by the NBA legend's career, and serve as access passes to the Web3 fan engagement platform.

Michael Jordan's Solana Athlete App HEIR Drops First NFTs

Overall NFT trading volume fell after January's record-breaking month, but some networks are seeing gains amid the wider slump.

NFT Market Cools as Trading on Ethereum and Solana Dips

Leaked images that allegedly derive from the leading non-fungible token (NFT) marketplace Opensea indicate that the platform may soon introduce Solana-based NFTs. The images were discovered by the tech blogger Jane Manchun Wong who is well known for leaking information about yet-to-launch features from specific tech platforms. Tech Blogger With History of Discovering Yet-to-Launch Features […]

Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support

The agreement is just the latest example of big labels diving into Web3, with Warner recently announcing a deal with blockchain gaming company Splinterlands.

Bob Dylan and Miles Davis NFTs Planned as Sony and Universal Join Solana Marketplace Snowcrash

The NBA champion joins a growing list of athletes turning to Solana to create digital art.

Basketball's Metta World Peace Drops Solana NFT Sneaker Collection With Blanksoles

The project wants Solana-based DeFi apps to have actionable alerts and wallet-to-wallet chat.

Dialect Raises $4.1M to Bring ‘Smart Messaging' to Solana

The bitcoin price has added more than 20% since dropping to lows of under $35,000 per bitcoin last week. Meanwhile, the price of ethereum and smaller coins BNB, solana, cardano, XRP, Terra's luna and avalanche have also rocketed higher...

‘Mexico Is On The List'—Other Countries Could Soon Follow El Salvador In Bitcoin Adoption As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Soar

A widely followed crypto strategist is issuing a warning to altcoin traders, saying that smart contract platforms Cardano (ADA), Solana (SOL) and two other digital assets are flashing bearish signals. Pseudonymous trader Capo tells his 245,800 Twitter followers that he remains bearish on the broader crypto markets despite the surge in the last 24 hours. […] The post Top Trader Warns Potential Bull Trap Set for Cardano (ADA), Solana (SOL) and Two Additional Altcoins appeared first on The Daily Hodl.

Top Trader Warns Potential Bull Trap Set for Cardano (ADA), Solana (SOL) and Two Additional Altcoins

NBA Hall of Famer and Champion Shaquille O'Neal is switching his allegiance from one leading cryptocurrency to another. Here are the latest details.

Shaquille O'Neal Switches From Ethereum To Solana In Twitter Name: Here Are The Details

User activity on smart contract platform Solana (SOL) has skyrocketed ever since its last upgrade went live, according to a new report. According to Our Network, a weekly newsletter focused on on-chain analytics, Solana's daily active signers have increased by 300% since the last update in late September. The report notes that the daily active […] The post Number of Daily Active Solana (SOL) Accounts Explodes 300% Since Last Upgrade: Report appeared first on The Daily Hodl.

Number of Daily Active Solana (SOL) Accounts Explodes 300% Since Last Upgrade: Report

A closely followed crypto strategist says Ethereum competitor Solana (SOL), Axie Infinity (AXIE) and one low-cap altcoin are all beginning to carve out their bottoms. Pseudonymous analyst Altcoin Sherpa tells his 169,300 Twitter followers that he believes Solana and blockchain-based gaming platform Axie Infinity are already trading close to potential bullish reversal areas after going […] The post Bottom Is Close for Ethereum Competitor Solana (SOL), Axie Infinity (AXS) and One Low-Cap Altcoin: Crypto Analyst appeared first on The Daily Hodl.

Bottom Is Close for Ethereum Competitor Solana (SOL), Axie Infinity (AXS) and One Low-Cap Altcoin: Crypto Analyst

Cosmos

One popular crypto analyst is naming his top five altcoins, including three Ethereum-competitors, to keep an eye on in March 2022. In his latest YouTube video, Altcoin Daily co-host Aaron Arnold says he is bullish on Ethereum (ETH) and its layer-1 ETH competitors. “I'm bullish on alternative layer-1s, but let's not forget the king of layer-1s […] The post Several Ethereum Rivals and One Gaming Altcoin Are the Top Digital Assets To Watch in March: Altcoin Daily appeared first on The Daily Hodl.

Several Ethereum Rivals and One Gaming Altcoin Are the Top Digital Assets To Watch in March: Altcoin Daily

Collaborative infrastructure comes online on Solana as Squads launches on mainnet and reveals Multicoin Capital-led funding.

Squads Raises $5 Million to Supercharge DAOs on Solana

On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed […]

Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding

Bitcoin and other major cryptocurrencies have fallen sharply after Russia launched a full-scale invasion of Ukraine...

$500 Billion Crypto Price Crash: Bitcoin, Ethereum, BNB, Cardano, Solana And XRP Are Suddenly In Freefall As Russia Invades Ukraine

The Series A was co-led by Solana Ventures and Jump Crypto.

News for Solana Crypto (SOL)