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

Cardano

Bitcoin

Ethereum

Bitcoin and ethereum, the two largest cryptocurrencies, have struggled so far in 2022—with some with predicting further falls could be coming...

Crypto Data Reveals Potential Surprise For The Price Of Bitcoin And Ethereum As BNB, Solana, Cardano And XRP Whipsaw

The president of a top-US crypto exchange says Bitcoin's (BTC) market share dominance is not guaranteed in the future. In a new interview with CNBC's Squawk Box, FTX.US president Brett Harrison says altcoins like Ethereum (ETH) and Solana (SOL) are eating into BTC's share of the pie. According to Harrison, the trend of Bitcoin's dominance over the crypto market […] The post FTX US President Says Bitcoin Will Steadily Lose Market Share to Ethereum (ETH), Solana (SOL) and Other Altcoins appeared first on The Daily Hodl.

FTX US President Says Bitcoin Will Steadily Lose Market Share to Ethereum (ETH), Solana (SOL) and Other Altcoins

Cosmos

Polkadot

As for Bitcoin and Ethereum, little changed as investor sentiment cools around crypto.

Layer 1 Crypto Prices Took a Nosedive This Week

A closely followed crypto analyst is warning traders that smart contract platforms Ethereum (ETH) and Solana (SOL) are poised to resume their downtrends. Pseudonymous trader Pentoshi tells his 514,500 Twitter followers that the inability of bulls to push Ethereum above resistance of $3,100 puts ETH at risk of revisiting its macro range lows below $2,000. […] The post Analyst Issues Warning to Ethereum and Solana Traders, Unveils Bearish Targets for Top Crypto Assets appeared first on The Daily Hodl.

Analyst Issues Warning to Ethereum and Solana Traders, Unveils Bearish Targets for Top Crypto Assets

This DeFi bailout, by a traditional high-frequency trading firm that's turned to crypto, also was a Solana story.

Why Jump Crypto Bailed Out Wormhole

Reports have emerged that the world's largest asset manager BlackRock, which looks after $10 trillion in assets for institutional investors, is gearing up to enter the bitcoin and cryptocurrency market...

Crypto Suddenly Braced For A Huge $10 Trillion Earthquake As Extreme Volatility Hits The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano And XRP

A popular crypto analyst is setting long-term price targets for an Ethereum (ETH) competitor based on optimistic predictions about ETH's future. In a new strategy session, the host of financial education YouTube channel InvestAnswers first shares with his 410,000 subscribers an Ethereum chart from Coinstack's Ryan Allis. The chart plots out significant rises in valuation […] The post Crypto Analyst Makes Bullish Solana (SOL) Predictions for Each Year Until 2030 – Here Are His Targets appeared first on The Daily Hodl.

Crypto Analyst Makes Bullish Solana (SOL) Predictions for Each Year Until 2030 – Here Are His Targets

The hot Solana metaverse project lets users easily customize personal spaces within a shared city environment.

Portals Raises $5 Million to Build Out Solana NFT Metaverse

Digital asset manager CoinShares says last week's crypto market recovery was accompanied by significant institutional investment inflows for several large digital assets. According to the latest Digital Asset Fund Flows Weekly report, the largest crypto by market cap, Bitcoin (BTC), enjoyed last week's largest share of institutional investments. “Bitcoin continues to lead the inflows with […] The post Market Sentiment Improves As Bitcoin (BTC), Solana (SOL) and Cardano (ADA) See Institutional Inflows: CoinShares appeared first on The Daily Hodl.

Market Sentiment Improves As Bitcoin (BTC), Solana (SOL) and Cardano (ADA) See Institutional Inflows: CoinShares

Tezos

So-called “Ethereum killers” are building momentum, including a growing share of the NFT market. Here's a closer look at four of the top competitors.

The Top ‘Ethereum Killers' Compared

Quick Take Here's how four developers managed to build the dominant NFT marketplace on Solana. Co-founder Zhuoxun Yin discusses whether Magic Eden might issue a token.

How Magic Eden became the OpenSea of Solana

Banking giant Wells Fargo has predicted global crypto adoption could "soon hit a hyper-inflection point"—adding "it is still early in the cryptocurrency investment evolution"...

It's ‘Still Early'—Wells Fargo Issues Huge Bitcoin And Ethereum Price Prediction As Extreme Volatility Hits BNB, Solana, Cardano And XRP

Avalanche

Morgan Creek Capital Management's Mark Yusko is naming four crypto assets that he believes could withstand a market downturn relatively well. According to a Business Insider report, Yusko says that the native tokens of smart contract-enabled blockchains Solana (SOL), Avalanche (AVAX), Cosmos (ATOM) and Polkadot (DOT) are among the crypto assets capable of surviving a […] The post Solana (SOL), Avalanche (AVAX) and Two More Altcoins Will Survive ‘Crypto Winter': Morgan Creek's Mark Yusko: Report appeared first on The Daily Hodl.

Solana (SOL), Avalanche (AVAX) and Two More Altcoins Will Survive ‘Crypto Winter': Morgan Creek's Mark Yusko: Report

The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve's $19.41 billion TVL dominates the […]

Value Locked in Defi Climbs 13% Higher Since Last Week's Low, SOL Price Jumps 25%, AVAX TVL Spikes

Both Bitcoin and Ethereum recrossed critical thresholds, but they're not the week's biggest risers.

This Week in Coins: Ethereum, Solana, Polkadot Lead Major Crypto Price Recovery

Solana was the darling of the crypto world in 2021. A series of recent incidents have cast that status in doubt.

The Shine Comes Off 'Ethereum-Killer' Solana

Bitcoin and cryptocurrency prices have leaped following the latest U.S. jobs report that showed employers added 467,000 jobs in January, well above all estimates...

‘A Huge Deal'—Bitcoin Is Suddenly Soaring As The Price Of Ethereum, BNB, Solana, Cardano And XRP Rocket

SEC watchdogs will vote on an amendment that could serve as a backdoor way to regulate cryptocurrencies and DeFi projects. Meanwhile, the price of bitcoin, ethereum, BNB, solana, cardano, and XRP rebounds.

The SEC Introduces A ‘Trojan Horse' Crypto Regulation As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Rebounds

Smart contracts' platforms Ethereum and Solana posted hefty gains just days after a massive $320 million hack that affected both networks.

Ethereum, Solana Mount Recovery Following Crypto Bridge Hack

Aave

Uniswap

Decentraland

An executive at Santiment crypto analytics firm is analyzing a handful of altcoins that surged in price earlier this week but have since corrected. In a new YouTube video, Santiment director of marketing Brian Quinlivan says that the 30-day market value to realized value (MVRV) metric is helpful when hunting for crypto bargains. The MVRV […] The post Santiment Looks at State of Solana (SOL), Uniswap (UNI), AAVE and One Other Altcoin As Crypto Markets Bounce appeared first on The Daily Hodl.

Santiment Looks at State of Solana (SOL), Uniswap (UNI), AAVE and One Other Altcoin As Crypto Markets Bounce

On February 2, 2022, the Wormhole Network's ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, […]

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

A Solana-based blockchain bridge has been hacked to the tune of $320,000,000 worth of leading altcoin Ethereum (ETH). Wormhole, a cross-chain platform that allows users to transfer crypto assets between different blockchains, took to Twitter to confirm the hack to its 41,000 subscribers. “The Wormhole Network was exploited for 120,000 Wrapped Ethereum (wETH). ETH will […] The post Cross-Chain Crypto Platform Hacked for Staggering $320,000,000 Worth of Ethereum (ETH) appeared first on The Daily Hodl.

Cross-Chain Crypto Platform Hacked for Staggering $320,000,000 Worth of Ethereum (ETH)

Smart contract platform Solana (SOL) is launching a new peer-to-peer payments feature that lets customers directly pay merchants. According to an announcement by Solana Labs, consumers can now deposit cryptocurrencies or fiat dollars directly into vendor accounts for less than the cost of a penny using Solana Pay, cutting out the need for expensive intermediaries […] The post Ethereum-Challenger Solana (SOL) Launches New Peer-to-Peer Payments Feature appeared first on The Daily Hodl.

Ethereum-Challenger Solana (SOL) Launches New Peer-to-Peer Payments Feature

Blockchain platform Wormhole offered the attacker $10 million to return the funds.

VC Backer Replaces $325 Million In Stolen Crypto One Day After Solana's Biggest Hack Ever

The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival's official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the festival co-founded by […]

News for Solana Crypto (SOL)