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

Solana-centric crypto wallet Phantom has raised $109 million in a Series B funding round led by Paradigm, earning the project unicorn status.

Solana Wallet Phantom Raises $109 Million, Bringing Valuation to $1.2 Billion

Cardano

Bitcoin

Ethereum

Wall Street giant Goldman Sachs has warned increased crypto adoption may not translate into higher prices...

Goldman Sachs Suddenly Issued A Surprise Crypto Price Warning After Huge Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Crash

January 28, 2022 – Tortola, British Virgin Islands GameFi unit DeFi Land is pleased to announce its land NFT seed sale. A total of 7,500 DeFi Land seeds will be made available for sale, distributed via the project's website and the Magic Eden platform. Blockchain gaming-oriented investors continue to take an interest in projects that […] The post Solana Based DeFi Land Announces Revenue-Generating Gen-Zero NFT Seed Sale appeared first on The Daily Hodl.

Solana Based DeFi Land Announces Revenue-Generating Gen-Zero NFT Seed Sale

Avalanche

Polkadot

Polygon

When you click on a DeFi project and it tells you it needs $200 of Ethereum to pay for the transaction, the dream of fast cheap transactions from crypto are shown to be a lie, at least for now. Enter the competitor chains.

Ethereum, Cardano, Polygon, Solana, Avalanche And Polkadot Deathmatch. Who Wins, Who Dies?

Altcoin Daily host Aaron Arnold is looking under the hood of a layer-1 blockchain protocol that has recently been hampered by network performance issues. In a new video, the closely followed trader tells his 1.2 million subscribers that Solana (SOL) looks primed to rebound from its rough start to 2022 and surge ahead in the […] The post Several Factors Will Send One Ethereum Competitor to the Moon Over the Coming Months, According to Altcoin Daily appeared first on The Daily Hodl.

Several Factors Will Send One Ethereum Competitor to the Moon Over the Coming Months, According to Altcoin Daily

Coinbase is one step closer to adding another major decentralized blockchain and getting closer to its long-term goals.

Coinbase To Support Solana Ecosystem: Report

Regulators around the world are gearing up to clamp down on cryptos in unison as the price of bitcoin, ethereum, BNB, splana, cardano, and XRP keep tumbling down.

Bitcoin Is In For A Global Regulatory Shakedown—As The Price Of Ethereum, BNB, Solana, Cardano, XRP Tumbles

The exchange's stated mission of listing “every” allowable crypto is taking a major step forward with plans to list Solana's answer to the ERC-20.

Coinbase Close to Listing Solana Ecosystem Tokens: Sources

A popular crypto analyst says that the recent market pullback means there are bargains to be had but cautions that today's Federal Reserve policy meeting is likely to have a significant impact across all asset classes. In a new strategy session, Nicholas Merten tells his 503,000 YouTube subscribers that leading smart contract platform Ethereum (ETH) […] The post Solana (SOL) and Avalanche (AVAX) at a Discount, but Looming Fed Meeting Could Threaten Bull Run: Analyst Nicholas Merten appeared first on The Daily Hodl.

Solana (SOL) and Avalanche (AVAX) at a Discount, but Looming Fed Meeting Could Threaten Bull Run: Analyst Nicholas Merten

SuperLayer, the venture studio from the co-founders of Rally, has chosen Solana to host RLY-powered consumer products.

Rally Social Token Creators SuperLayer to Expand RLY Network to Solana

The venture studio is bringing the Ethereum platform to Solana with additional plans for play-to-earn games and token liquidity.

RLY Backer SuperLayer to Bring Social Tokens to Solana

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Solana-Powered NFT Platform Artrade Plans to Bring NFTs to the Masses

Solana (CRYPTO: SOL) traded over 4% at $93.67 higher over 24 hours leading up to Tuesday night as a buzz grew that non fungible token marketplace OpenSea is working on integrating the cryptocurrency.

Is This News Driving Solana To Outperform Bitcoin And Ethereum Today?

Solana NFTs may soon be coming to the leading Ethereum marketplace if leaked screenshots are any indication.

OpenSea Is Adding Solana NFTs, Phantom Wallet Support: Leaked Images

Cosmos

After trading lower for the majority of Monday's session, cryptocurrency prices were slowly starting to find support, with a few markets rallying, as we headed toward the end of the day. Cosmos One such crypto was cosmos (ATOM), which was the biggest gainer in the top 20, climbing by almost 10% to start the week. […]

Technical Analysis: Cosmos Climbs Higher, While Solana's Fall Continues

Terra

An autonomous bot that's been outperforming the crypto market by using data from weekly surveys of traders shows strong demand for Ethereum and three other altcoins.

As Markets Break Down, Traders Favor Ethereum (ETH), Solana (SOL), and Two More Altcoins, According to Crypto Algorithm

Bitcoin (BTC) has seen a week of institutional investment inflows, breaking a five-week outflow trend, according to digital asset manager Coinshares. CoinShares says Cardano (ADA), Solana (SOL) and Polkadot (DOT) also enjoyed inflows on the week, suggesting that investors are anticipating a possible market turnaround on the horizon. “The inflows came later in the week […] The post Institutions Buying the Dip? Cardano (ADA), Solana (SOL) and Polkadot (DOT) See Minor Inflows As Markets Correct: CoinShares appeared first on The Daily Hodl.

Institutions Buying the Dip? Cardano (ADA), Solana (SOL) and Polkadot (DOT) See Minor Inflows As Markets Correct: CoinShares

The rising blockchain network is experiencing “growing pains” amid degraded performance, says co-founder Anatoly Yakovenko. SOL's price is down 42% in a week.

Solana User Experience 'Not What It Should Be', Says Co-Founder as Network Struggles

Almost every cryptocurrency has been in freefall for days, but Solana has been one of the hardest-hit during the most recent market crash.

Solana Tanks 16% Amid Ruthless Crypto Market Crash

Fantom

Ethereum challenger Fantom (FTM) is setting new fundamental records amid the sustained price decline across the crypto markets. New data from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), shows that Fantom printed a new all-time high in terms of total value locked (TVL). Fantom is a highly scalable […] The post Ethereum Rival Fantom (FTM) Overtakes Solana (SOL) and Avalanche (AVAX) To Become Fourth-Largest Blockchain by Total Value Locked appeared first on The Daily Hodl.

Ethereum Rival Fantom (FTM) Overtakes Solana (SOL) and Avalanche (AVAX) To Become Fourth-Largest Blockchain by Total Value Locked

Solana has been touted as a blockchain built to handle high-speed, large transactions. But recent network performance issues have put into question its position as a blockchain built for Wall Street. The post Traders are complaining about Solana's performance, raising questions about its status as a Wall Street darling appeared first on The Block.

Traders are complaining about Solana's performance, raising questions about its status as a Wall Street darling

Dogecoin

Crypto prices haven't been this low since early last summer.

This Week In Coins: Wipeout for Bitcoin, Ethereum, Solana, Dogecoin, Almost Everything Else

Tezos

A crypto investor from Crypto Valley Venture Capital is reportedly keeping a close watch on a number of Ethereum (ETH) rivals showing potential for growth. In a new Business Insider report, Olaf Hannemann, the founder and chief information officer of the blockchain-focused venture capital firm, says that beyond Bitcoin (BTC), there are a number of interesting […] The post Crypto Venture Capitalist Says He's Bullish on Several Ethereum Rivals Amid Shift in Crypto Market Dynamics: Report appeared first on The Daily Hodl.

Crypto Venture Capitalist Says He's Bullish on Several Ethereum Rivals Amid Shift in Crypto Market Dynamics: Report

A new "crypto winter" could be around the corner after a huge crypto price crash has wiped $1.4 trillion from the combined cryptocurrency market—hitting bitcoin, ethereum, BNB, solana, cardano and XRP hard...

Like ‘The 1929 Crash'—New Crypto Winter Warning As Sell-Off Wipes $1.5 Trillion From The Combined Bitcoin, Ethereum, Solana, BNB, Cardano And XRP Price

The market is still bright red as Bitcoin hits a six-month low and other coins suffer, while metaverse and gaming tokens are in free fall.

News for Solana Crypto (SOL)