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

Leading non-fungible token marketplace OpenSea shared a video Tuesday confirming NFTs on a leading blockchain are headed to the platform. Here's the latest.

OpenSea Announces Solana NFTs Coming Soon: Here Are The Details And Timeline

NFT traders will be able to buy and sell Solana NFTs on OpenSea's website starting next month, the firm hinted in a video promo it posted on Twitter. The post OpenSea teases April integration of Solana NFTs appeared first on The Block.

OpenSea teases April integration of Solana NFTs

Collections like Solana Monkey Business, Degenerate Apes, and Aurory appear headed to OpenSea after the firm confirms recent leaks.

OpenSea Confirms It Will Start Listing Solana NFTs in April

The move could give Solana NFTs, still a sliver of the market compared to Ethereum collectibles, a shot in the arm.

OpenSea Closing In on Support for Solana NFTs

Snowcrash says the goal of its partnership with Civic is to protect the users of the new platform.

Solana NFT Platform Snowcrash Taps Civic to Combat Bots

Cardano

Polkadot

Other ETP issuers are planning crypto-linked investment products that also yield staking returns.

WisdomTree Launches Crypto ETPs for Solana, Cardano, Polkadot in Europe

Bitcoin

Ethereum

A leading digital assets manager says crypto investment products focused on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) rebounded in a huge way last week, with inflows of over $190,000,000. According to the latest CoinShares Digital Asset Fund Flows Weekly report, the European markets helped boost crypto investment products to their highest inflows since late last […] The post Institutions Pour Money Into Bitcoin, Ethereum and Solana As Crypto Sees Biggest Inflows Since Last Year: Report appeared first on The Daily Hodl.

Institutions Pour Money Into Bitcoin, Ethereum and Solana As Crypto Sees Biggest Inflows Since Last Year: Report

Solana reclaimed the eighth position in the crypto top ten, as ADA and DOT were both over 10% higher to start the week. Despite this, it was EOS and FIL which led today's gainer, with FIL gaining over 30% in the session. Filecoin (FIL) FIL rallied by as much as 30% to start the week, […]

Biggest Movers: SOL Moves Past LUNA, as EOS and FIL Lead Monday's Gainers

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

CryptoCodex: $600 Billion Bitcoin And Crypto Boom Pushes The Price Of Ethereum, BNB, XRP, Solana And Cardano Higher

Bitcoin and cryptocurrencies have rebounded this week, riding a wave of good news for the crypto market...

Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake As Ethereum, BNB, XRP, Solana And Cardano Soar

Krafton, the company behind the development of the blockbuster videogame PUBG, has announced a partnership with Solana Labs with the objective of building its blockchain game offering. The new business plan of the company includes the creation of token economies to power play-to-earn (P2E) experiences to build its own Web3 offerings. Krafton Chooses Solana to […]

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services

ApeCoin

Crypto analyst Michaël van de Poppe is laying out his forecast for Ethereum (ETH) and several altcoins as the crypto market shows signs of recovery. The trader tells his 577,100 Twitter followers that after breaching $3,000, Ethereum will face the next resistance level at $3,125. “Ethereum moving upwards after holding crucial level. Seems to me […] The post Here's What's Next for ApeCoin, Ethereum and Solana, According to Analyst Michaël van de Poppe appeared first on The Daily Hodl.

Here's What's Next for ApeCoin, Ethereum and Solana, According to Analyst Michaël van de Poppe

Solana (SOL) traded 9.2% higher at $103.45 over 24 hours leading up to Thursday night amid exuberance surrounding gaming.

This Ethereum Rival Has Spiked 20% This Week Thanks To Massive Gaming-Related Buzz

Solana is seeing larger gains than others as cryptocurrencies rise in value this week. Here are a few possible reasons why.

Solana Price Gains 10% as Gaming Adoption Accelerates

Algorand

Avalanche

Polygon

Stellar

The company behind popular Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trust funds is launching a new investment that will hold seven cryptocurrencies. Here's a look at the new offering.

Grayscale Files For Altcoin Fund: The 7 Coins That Are Included

Bitcoin and cryptocurrency prices have rocketed higher, following global stock markets that have rebounded as investors come to terms with the Federal Reserve's inflation-busting interest rate hikes...

$500 Billion Crypto Boom Suddenly Sends The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano And Solana Soaring

Investment giant Grayscale is launching the Smart Contract Platform Ex-Ethereum Fund (GSCPxE) to give investors exposure to leading smart contract platforms. According to a new announcement, the new investment product tracks the CoinDesk Smart Contract Platform Select Ex ETH Index, measuring the market capitalization-weighted performance of all leading smart contract coins excluding Ethereum (ETH). The […] The post Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins appeared first on The Daily Hodl.

Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins

Krafton, the South Korean gaming giant founded by billionaire Chang Byung-gyu, is expanding it crypto empire by partnering with blockchain startup Solana Labs to develop play-to-earn crypto games.

PUBG Developer Teams Up With Solana Labs To Launch Play-To-Earn Crypto Games

Terra

A popular crypto analyst says he's now optimistic on the trajectories of two Ethereum (ETH) challengers. In a new strategy session, the host of InvestAnswers tells his 421,000 subscribers that he's “super bullish” on LUNA because of Terra's plans to flip from an algorithmic stablecoin project to one that's backed, in part, by Bitcoin (BTC). […] The post Crypto Analyst Calls One Ethereum Rival ‘Heavily Undervalued', Updates Outlook on Terra (LUNA) and Solana (SOL) appeared first on The Daily Hodl.

Crypto Analyst Calls One Ethereum Rival ‘Heavily Undervalued', Updates Outlook on Terra (LUNA) and Solana (SOL)

The PUBG battle royale series has more than a billion downloads across platforms, and now its publisher is building on Solana.

Studio Behind Smash Hit PUBG Series Will Make Solana NFT Games

Krafton and Solana Labs will build games based on blockchain technology, as well as jointly marketing, designing and investing in projects. The post Billion-dollar gaming firm Krafton pens business deal with Solana Labs appeared first on The Block.

Billion-dollar gaming firm Krafton pens business deal with Solana Labs

The agreement could bring blockchain integrations and NFTs to the popular battle-royale style game.

PUBG Publisher Krafton Partners With Solana Labs

A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol's total value locked (TVL) dropped from over $28 million to $579,701 and the project's stablecoin shuddered from $1 per token to zero. Cashio App Exploited […]

Solana-Based Cashio App Hit With an ‘Infinite Mint Glitch,' CASH Stablecoin Drops to Zero

Cashio, a Solana-based stablecoin project, has been looted for millions after attackers leveraged an “infinite mint glitch.”

Solana Stablecoin Project Cashio Plummets to Zero After Multi-Million Dollar Hack

A stablecoin called Cashio on the Solana blockchain has been exploited and lost practically all of its value. The post Stablecoin Cashio on Solana exploited for $28 million in ‘infinite mint glitch' appeared first on The Block.

News for Solana Crypto (SOL)