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

Fast Break Labs announced it has raised $6 million in a seed round.

Solana, Pantera Capital, NBA Owners Invest in NFT Fantasy Basketball Game

Phantom wallet users will now be able to store their wallet credentials including private keys with the password manager.

Solana's Crypto Wallet Phantom Integrates Password Manager 1Password

The new collaboration is intended to make crypto security human-centric by simplifying login management and lowering the barrier to entry.

1Password Adds 1-Click Credential Storage for Solana-Based Phantom Wallet Users

Avalanche

Bitcoin

A leading digital asset manager says institutional inflows for Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) are up as the markets continue to stumble. According to the latest Coinshares report, digital asset investment products had total weekly inflows of $109 million despite bearish market action. Bitcoin led the way with $89 million worth of inflows, […] The post Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) See Institutional Flows Despite Market Uncertainty: CoinShares appeared first on The Daily Hodl.

Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) See Institutional Flows Despite Market Uncertainty: CoinShares

Crypto settlement startup Zebec announced Tuesday that it raised $15 million in a Series A funding round. The post Solana-based programmable cash stream protocol Zebec raises $15 million appeared first on The Block.

Solana-based programmable cash stream protocol Zebec raises $15 million

Solana NFT marketplace Neon lets you buy NFTs in person with a credit card—no crypto required.

There's a Vending Machine in New York City Selling Solana NFTs

On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the project is airdropping NFT tickets to existing Magic Eden users and plans to form a decentralized autonomous organization (DAO). On February 21, the Magic Eden project airdropped around 4,000 NFTs to active wallets, and the following day the team announced the DAO roadmap. […]

Solana NFT Marketplace Magic Eden Reveals Airdrop, Plans to Launch DAO

Solana (CRYPTO: SOL), a layer one cryptocurrency similar to Ethereum (CRYPTO: ETH), is trading higher Tuesday as it sits near a key level that has been both resistance and support in the past.

Solana Is At A Key Area On The Chart And Wants To Reverse: What's Next?

The leading platform for Solana NFTs will send 50,000 NFTs to existing users as Magic Eden spins up a DAO to govern its future.

Solana NFT Marketplace Magic Eden Is Airdropping Tokens, Launching DAO

Cardano

Ethereum

Bitcoin and cryptocurrency prices have gone into free fall after Russia escalated the crisis in Ukraine deployed Russian troops to eastern regions of the country...

Russia-Ukraine Crisis: ‘Extreme Fear' Sparks $400 Billion Crypto Price Crash As Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Fall

Magic Eden is taking steps that it hopes will prevent future rug pulls and bring more quality projects to its marketplace.

Rug Pulls Force Solana NFT Marketplace Magic Eden to Invoke Doxing Policy for Creators

Quick Take Solana is a layer-1 blockchain platform designed for decentralized applications featuring high throughput and low costs. Even though there were technical hiccups in the past six months, Solana's projects are receiving increasingly more attention and capital from private investors. In total, The Block has recognized and mapped out 500 projects across 14 verticals. This ecosystem map serves as an UPDATE to the previous Solana map

Mapping out Solana's Ecosystem

As the crypto market shows some signs of recovery following the weekend's dip, Solana is leading the way, jumping several points.

Solana Leads Recovery Amid Crypto Crash

The bitcoin price has crashed under $40,000 per bitcoin, down over 5% over the last 24 hours, while ethereum and its rivals BNB, solana, cardano are down between 6% and 8%...

Crypto Price Crash Panic: Serious NFT ‘Hack' Suddenly Sends Bitcoin, Ethereum, BNB, Solana And Cardano Sharply Lower

A widely followed crypto strategist and trader is issuing a warning that Bitcoin (BTC) bulls are in trouble if they concede their last line of defense, while providing updates for Ethereum (ETH), Solana (SOL) and Cardano (ADA). Pseudonymous crypto analyst Pentoshi tells his 518,400 Twitter followers that bulls must defend support at $39,000 to avoid […] The post Analyst Says Bitcoin (BTC) Bulls on Life Support, Updates Outlook Ethereum (ETH), Solana (SOL) and Cardano (ADA) appeared first on The Daily Hodl.

Analyst Says Bitcoin (BTC) Bulls on Life Support, Updates Outlook Ethereum (ETH), Solana (SOL) and Cardano (ADA)

Outspoken bitcoin and crypto bull Tom Lee has said he expects a portion of almost $100 trillion worth of wealth to eventually flow into crypto markets...

Crypto Crash: Bitcoin Now Braced For A $100 Trillion Bombshell That Could Boost The Price Of Ethereum, BNB, Solana, Cardano And XRP

Terra

Solana, terra and avalanche were all lower on Friday, as market uncertainty impacted all major cryptocurrencies. This came as several of the big ten all fell into multi-week lows versus the U.S. dollar. Biggest gainers With markets mainly in the red on Friday, finding a bull was no mean feat, however, there were some exceptions […]

Technical Analysis: SOL, LUNA and AVAX All Down on Friday

Solana Monkey Business developers and a collective of owners are embroiled in a dispute—and the DAO members could split away.

Monkey Business: Why Solana NFT Project SMB and Its DAO Are Battling Over Its Future

The bitcoin and crypto price crash comes alongside a stock market plunge sparked by comments made by U.S. president Joe Biden that Russia could invade Ukraine in a matter of days...

Russia-Ukraine Crisis Sparks $200 Billion Crypto Price Crash With Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Suddenly In Free Fall

Polkadot

Shiba Inu

Much of the market is red right now amid geopolitical tension and increased law enforcement scrutiny on crypto.

Bitcoin, Ethereum and Other Top Coins Fall as Crypto Market Stumbles

A popular crypto analyst is looking for Bitcoin (BTC) to break to the upside while analyzing the strength of Solana (SOL) after the layer-1 blockchain protocol's rough start to 2022. In a new strategy session, the host of financial education YouTube channel InvestAnswers shows his 411,000 subscribers a Bitcoin chart highlighting a recent inverse head-and-shoulders […] The post Bitcoin (BTC) Flashing Extremely Bullish Signal While One Ethereum (ETH) Competitor Bottoms Out: InvestAnswers appeared first on The Daily Hodl.

Bitcoin (BTC) Flashing Extremely Bullish Signal While One Ethereum (ETH) Competitor Bottoms Out: InvestAnswers

A top crypto analytics firm says the smart contract platforms Solana (SOL), Cardano (ADA) and Polkadot (DOT) are showing strength in one particular development metric. Santiment says the three Ethereum (ETH) competitors lead large-cap crypto projects in terms of GitHub submission rates. “Development activity continues to play a vital role in the growth of major cryptocurrencies […] The post Solana (SOL), Cardano (ADA) and Polkadot (DOT) Are Ahead of Ethereum in Key Metric, According to Analytics Firm Santiment appeared first on The Daily Hodl.

Solana (SOL), Cardano (ADA) and Polkadot (DOT) Are Ahead of Ethereum in Key Metric, According to Analytics Firm Santiment

Fantom

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 In an era of attention scarcity, L1 teams are employing a variety of strategies in order to build sustainable network effects Pockets of growth can still be found within different ecosystems, fueled by product innovation This week, we take a look at BNB Smart Chain, Cronos, Solana, and Fantom

Layer by Layer Issue 21: BNB Smart Chain, Cronos, Solana, and Fantom

Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in DeFi. For example, it aims to offer payoffs based on baskets of tokens, trading ranges, accumulators, and capital preservation. Joffrey Dalet is the Founder […]

Exotic Markets Founder Joffrey Dalet Talks Defi Banking, Structured Products and Solana

The data site is launching an NFT marketplace aggregator and hopes to suck up some of the market for trading NFTs. The post Solana NFT data site Solanalysis rebrands to Hyperspace and raises $4.5 million appeared first on The Block.

News for Solana Crypto (SOL)