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 (SOL) mooned in 2021 and its ecosystem saw massive development, making SOL our Coin of the Year.

Decrypt's Coin of the Year: Solana (SOL)

A closely followed crypto strategist is saying that Ethereum rival Solana (SOL) and another altcoin have already carved bottoms. Crypto analyst Smart Contracter tells his 197,800 Twitter followers that he expects smart contract platform Solana to resume its uptrend after its sharp correction from the all-time high of $259.96. “SOL trying hard to make a […] The post Bottom Is In for Ethereum Competitor Solana (SOL) and One ‘Forgotten' Altcoin, Says Top Crypto Analyst appeared first on The Daily Hodl.

Bottom Is In for Ethereum Competitor Solana (SOL) and One ‘Forgotten' Altcoin, Says Top Crypto Analyst

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An autonomous bot that's been outperforming the crypto market by using data from weekly surveys of traders shows a bullish leaning towards Ethereum, Solana and two additional smart contract altcoins. The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and gauge trader sentiment […] The post Crypto Traders Now Favor Ethereum, Solana and Two ETH Competitors, According to Top Sentiment Tracker appeared first on The Daily Hodl.

Crypto Traders Now Favor Ethereum, Solana and Two ETH Competitors, According to Top Sentiment Tracker

The web-based online shooter is Solana's first live multiplayer game, and it has hit a new milestone after activating NFT avatars.

Solana Game Mini Royale: Nations Hits 2M Players After NFT Launch

Exodus is expanding its integration of Solana with a new NFT marketplace powered by Magic Eden.

Magic Eden's Solana NFT Marketplace Comes to Exodus Mobile Wallet

Cardano

The chief executive of the U.S.-based Kraken crypto exchange has warned he thinks the bitcoin price could fall dramatically in 2022...

Crypto Price Prediction: Exchange CEO Warns 2022 Could See Bitcoin Crash Amid Huge Ethereum, BNB, Solana, Cardano And XRP Sell-Off

The total value locked (TVL) in decentralized finance has slid 15.63% since the metric's all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI […]

Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign

Shrina Kurani, a Democrat running for a House seat in California, is seeking to engage the crypto community on legislative issues.

Congressional Candidate Kurani Dropping 2,022 Solana NFTs as Part of Campaign

Singapore-based Solscan will use the cash to improve its block explorer and launch new NFT and DeFi analytics features.

Solana Block Explorer Solscan Raises $4 Million in Seed Round

Want to figure out who's investing in a given DeFi pool or NFT collection? Nansen offers tools to help.

Nansen Raises $75M to Expand DeFi and NFT Investor Tools on Ethereum, Solana and More

Solana (CRYPTO: SOL) rose 7.22% to $175.26 over 24 hours leading up to early Thursday morning. What's Moving?

Why Is Ethereum Rival Solana Shooting Up Today?

Solana Ventures, the investment arm of Solana Labs, has announced a new investment fund to bring more Web3 products to its network. In partnership with Forte, a company that provides tools for blockchain integration on games, and Griffin Gaming, a VC company invested in the global gaming market, Solana Ventures will open a $150 million […]

Solana Ventures, Forte, and Griffin Gaming Launch $150 Million Web3 Fund

Solana (CRYPTO: SOL) is trading sharply higher Wednesday, as Bitcoin (CRYPTO: BTC) rises modestly and while most cryptocurrencies are trading relatively flat.

Solana Rips Higher Alongside Bitcoin: What You Should Know

Six-time National Basketball Association (NBA) champion and Chicago Bulls player Michael Jordan launched a Solana-based (CRYPTO: SOL) decentralized application (DApp) that aims to connect athletes and entertainers with fans.

Michael Jordan And Son Launch Solana-Based Fan Engagement Platform

The co-founder of the streaming giant Twitch is launching a new crypto project focused on gaming non-fungible tokens (NFTs). Digital entrepreneur Justin Kan, who also co-founded the law-tech company Atrium, says his new project Fractal will serve as a marketplace for gaming NFTs. Explains Kan in a new announcement, “Our mission is to create an […] The post Co-Founder of Tech Giant Twitch To Launch Solana-Based Gaming NFT Marketplace appeared first on The Daily Hodl.

Co-Founder of Tech Giant Twitch To Launch Solana-Based Gaming NFT Marketplace

The legendary former professional basketball player Michael Jordan and his son Jeffrey Jordan have revealed they are getting into blockchain and Web 3.0 technology, according to an announcement published on December 15. The father and son duo's first tech venture is called Heir Inc., a platform that aims to connect loyal fans with popular athletes. […]

Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage Solana

The NBA legend and son Jeffrey Jordan are launching HEIR, a fan engagement platform built on the Solana blockchain.

Michael Jordan Jumps Into Web3 via Solana App for Athletes

Last month's debut of a SOL price index set the stage for this fund's launch.

Galaxy, Bloomberg Debut Solana Fund for Institutional Investors

Terra

Real Vision CEO Raoul Pal is weighing in on the crypto forecast after weeks of wild swings in the markets. In a series of tweets, the macro guru tells his 827,000 followers why he thinks sentiment towards digital assets has suddenly turned bearish, then suggests what investors can do in both the short and longer […] The post Macro Guru Raoul Pal Says Bitcoin, Ethereum and Three Altcoins Are the Best Core Crypto Holdings appeared first on The Daily Hodl.

Macro Guru Raoul Pal Says Bitcoin, Ethereum and Three Altcoins Are the Best Core Crypto Holdings

Solana Ventures, the investment arm of Solana Labs, announced Tuesday a new $150 million fund to back blockchain gaming startups. The post Solana Ventures announces new $150 million fund for blockchain gaming appeared first on The Block.

Solana Ventures announces new $150 million fund for blockchain gaming

Solana Ventures, a unit of technology company Solana Labs, on Tuesday announced the launch of a $150 million investment initiative focused on blockchain gaming, in collaboration with Forte and Griffin Gaming Partners, two major players in the sector.

Solana Ventures, Forte, Griffin invest $150 million in blockchain gaming

The initiative tops an earlier $100 million fund raised with FTX and Lightspeed in November.

Solana Ventures Looks to Boost Web 3 Gaming With Launch of $150M Fund

Forte and Griffin Gaming Partners also tag in to help the next wave of NFT and play-to-earn games build on Solana.

Solana Ventures Launches $150 Million Fund for Crypto Games

Over the past 24 hours, Solana's (CRYPTO: SOL) price has fallen 4.59% to $157.78. This continues its negative trend over the past week where it has experienced a 20.0% loss, moving from $199.16 to its current price.

Solana Decreases More Than 4% Within 24 hours

Deel, the fintech firm focused on payroll, has expanded its crypto capabilities with the addition of two new tokens. The post Remote working startup Deel adds USDC and Solana withdrawals appeared first on The Block.

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