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

Ethereum

Neon Labs, which is building a Solana EVM, has raised $40 million in a private token sale round. The post Neon Labs, developer of Ethereum virtual machine on Solana, raises $40 million appeared first on The Block.

Neon Labs, developer of Ethereum virtual machine on Solana, raises $40 million

SOL, the native cryptocurrency that runs the Solana blockchain, has again overtaken the industry's largest stablecoin, Tether, for market cap.

Solana Flips Tether Again to Reclaim Fourth Largest Cryptocurrency

The Ethereum-compatible environment could lead to implementations of popular DeFi protocols on Solana.

Neon Labs Raises $40M to Bring EVM Functionality to Solana

Alexis Ohanian's Seven Seven Six thinks Solana can support social at scale.

Reddit Co-Founder, Solana Ventures Launch $50M Fund for Web 3 Social Media

Terra

Macro guru Raoul Pal says smart contract platform Solana (SOL) and stablecoin-focused blockchain payment system Terra (LUNA) could be following the same parabolic price trajectory of Ethereum in 2016. In a new interview on Real Vision, Pal says that because of the cyclical nature of network effects, Ethereum is currently mirroring Bitcoin's 2017 bull cycle. […] The post Raoul Pal Says Solana and Terra Following Ethereum's Explosive 2016 Rally – Here's Why appeared first on The Daily Hodl.

Raoul Pal Says Solana and Terra Following Ethereum's Explosive 2016 Rally – Here's Why

Brave and Solana Labs today announced a joint integration which will see the privacy browser add support for Solana wallets early next year.

Privacy Browser Brave Expands Beyond Ethereum to Solana

Bots are a growing part of the decentralized experience. But they can also manipulate markets and cause massive headaches for blockchain developers.

To Combat Solana's Bot Problem, Civic Unveils Free Digital ID for NFTs

The US-based crypto exchange Kraken is analyzing the short-term potential of smart contract platforms Ethereum and Solana. Kraken's October market recap notes that Solana (SOL) is riding a fresh wave of support from institutional investors. “After climbing into the top five crypto assets by market cap, SOL has continued to attract increasingly greater attention from […] The post Kraken Details Massive Short-Term Price Target for Solana, Analyzes Ethereum's Dominance of Crypto Market appeared first on The Daily Hodl.

Kraken Details Massive Short-Term Price Target for Solana, Analyzes Ethereum's Dominance of Crypto Market

Solana Labs CEO Anatoly Yakovenko said that Solana's biggest challenge was getting people to run the network. The post Solana Labs CEO: ‘Part of our culture is to eat glass' appeared first on The Block.

Solana Labs CEO: ‘Part of our culture is to eat glass'

Bitcoin

A popular crypto strategist and trader says Bitcoin and Ethereum continue to flash signs of strength but highlights that one large-cap altcoin is strikingly stronger than the two largest crypto assets. The pseudonymous analyst known in the industry as The Crypto Dog tells his 666,900 Twitter followers that Bitcoin (BTC) looks bullish as it continues […] The post One Red-Hot Altcoin Looks Strikingly Stronger Than Both Bitcoin and Ethereum, According to Popular Crypto Analyst” appeared first on The Daily Hodl.

One Red-Hot Altcoin Looks Strikingly Stronger Than Both Bitcoin and Ethereum, According to Popular Crypto Analyst”

Solana (CRYPTO: SOL) broke a new all-time high, overtaking Cardano (CRYPTO: ADA) and Tether's USDT stablecoin to become the fourth highest ranked cryptocurrency by market cap.

New All-Time High: Solana Becomes The Fourth Top Crypto After Overtaking Cardano

Solana set another all-time high this weekend.

Solana Hits All-Time High of $260

Cardano

Avalanche

Macro guru Raoul Pal says Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Terra (LUNA) will be super explosive this bull cycle, but with one catch. In a new interview on Real Vision with Ash Bennington, Pal says he's open to the possibility that Ethereum goes through an extended bull cycle that lasts close to June […] The post Raoul Pal Says Cardano, Solana, and Two Additional Ethereum Rivals Will Be ‘Super Explosive' This Cycle – But There's a Catch appeared first on The Daily Hodl.

Raoul Pal Says Cardano, Solana, and Two Additional Ethereum Rivals Will Be ‘Super Explosive' This Cycle – But There's a Catch

Polkadot

It's been a relatively slow news cycle for Bitcoin this week.

This Week in Coins: Bitcoin Cools Off While Solana, Polkadot and Ethereum Rally to All-Time Highs

Bitcoin and cryptocurrency prices have rocketed over the last month, with the combined crypto market surging towards $3 trillion.

‘Trillions Of Dollars'—Bitcoin Braced For A Massive Earthquake As The Price Of Ethereum, Binance's BNB, Solana, Cardano And XRP Soar

Should You Buy Bitcoin? What the Volume Levels and RSI Indicator Tells Us On today's episode of Crypto Daily, Benzinga's Blockchain Editor Joe Dewitt looks at market sentiment for Bitcoin.

What The Indicators Show For Bitcoin; Watch Out For Solana — Benzinga Crypto Daily November 5, 2021

A popular crypto strategist sees significant rallies ahead for Solana (SOL), Chiliz (CHZ) and a low-cap gaming project as the metaverse heats up. The pseudonymous trader SmartContracter tells his 178,600 Twitter followers that he firmly believes SOL will reach $900 this cycle, which would represent a 275% increase from its current value of $233. The […] The post Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum appeared first on The Daily Hodl.

Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum

Quick Take Aurory is a play-to-earn game with ‘pets,' known as Nefties. The default human character in the game, also known as Sam, an Aurorian. You can then change the character's skin once you own an Aurorian NFT.  Players will be given free Nefties in the player versus environment (PvE) to help them get started. However, the free Nefties are not transferable or sellable. The Aurory team plans to release the game's private alpha in Q4 2021 and open beta in Q1 2022. The project has raised over $113 million through its seed rounds, token sales and NFT sales. 

Aurory: Solana's First Role-Playing Game

A panel of 50 experts has arrived at a long-term price target of $5,000 for popular altcoin Solana (CRYPTO: SOL).

Why Experts Predict $5,000 Solana By 2030: Report

The partners will co-invest in Solana crypto gaming projects, starting with Faraway and Mini Royale: Nations.

FTX, Solana Ventures, Lightspeed Pledge $100M Towards Crypto Gaming

Solana Ventures, Lightspeed, and FTX have announced a $100 million fund to invest in startups focused on building blockchain gaming studios. The post Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund appeared first on The Block.

Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund

The initiative is one of the largest capital investments ever in the growing Web3 gaming space.

FTX, Lightspeed, Solana Ventures to Invest $100M in Web3 Gaming

Faraway will use the funding to launch a first-person shooter browser-based blockchain game called Mini Royale: Nations on Solana. The post Faraway nets $21 million funding to build browser-based blockchain games on Solana appeared first on The Block.

Faraway nets $21 million funding to build browser-based blockchain games on Solana

Ethereum (CRYPTO: ETH) has soared over 500% so far this year buoyed by Decentralized Finance or DeFi, smart contracts, and non fungible tokens or NFTs, but similar traction has been seen in Cardano (CRYPTO: ADA) and Sol

Ethereum Vs. Polkadot Vs. Cardano Vs. Solana: Which Blockchain Platform's Crypto Is Winning Out This Year?

Cosmos

A prominent crypto trader says that he's identified the final level Bitcoin (BTC) needs to hurdle before sparking a massive rally. Inmortal tells his Telegram subscribers that the $64,000 level is Bitcoin's “final boss” before it expands and never looks back. However, he says the top crypto could dip before pushing past its final foe. […] The post Popular Crypto Strategist Inmortal Identifies Bitcoin's ‘Final Boss,' Gives Altcoin Update appeared first on The Daily Hodl.

News for Solana Crypto (SOL)