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 (CRYPTO: SOL) is taking off Wednesday, pushing higher while Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) are falling lower.

Solana Defies The Market And Pushes Higher While Ethereum And Bitcoin Continue Fall

Over the past 24 hours, Solana's (CRYPTO: SOL) price has risen 6.3% to $228.08. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $208.27 to its current price.

Cryptocurrency Solana Up More Than 6% In 24 hours

Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company's 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.” […]

Grayscale Launches Solana Trust — Company Now Manages $54 Billion Across 16 Crypto Investment Funds

Avalanche

Terra

The world's largest digital asset manager just announced the launch of a single-asset investment product exposing its holders to Solana (SOL) – and support for more Ethereum competitors may be imminent. In a press release, Grayscale announces the new Solana Trust, which will join its other 13 single-asset crypto investment products. “The Trust is solely […] The post Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana appeared first on The Daily Hodl.

Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana

Grayscale Investments — the firm behind the world's biggest closed-end Bitcoin (CRYPTO: BTC) fund Grayscale Bitcoin Trust (OTC: GBTC) — launched a Solana

Solana Trust by Grayscale Investments Launches With $9.5M Under Management

Quick Take Of the $10.7 billion locked in Solana's top 10 projects, around $5 billion sits with closed-source projects.  But Solana's founders are pushing for projects to open up, and the message seems to be getting through.  

A surprising number of Solana projects are closed-source — but now the tide may be turning

The Grayscale Solana Trust is the latest altcoin offering from the firm, which debuted Chainlink, Decentraland and Basic Attention Token products this year.

Grayscale Solana Trust Launches With $9.5M Under Management

Crypto asset management firm Grayscale has launched a Solana trust product for accredited investors via price placement. The post Grayscale launches Solana trust product appeared first on The Block.

Grayscale launches Solana trust product

The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors.

Grayscale Launches New Trust Dedicated to Solana

Hxro Network, a Solana-based derivatives trading platform, has raised $34 million in a token round. The post Solana-based derivatives network Hxro raises $34 million in token round appeared first on The Block.

Solana-based derivatives network Hxro raises $34 million in token round

TradFi stalwart Susquehanna International Group and DeFi upstart Jump Crypto co-led the network's latest token round.

Hxro Raises $34M on Promise of Derivatives Trading Infrastructure for Solana

Digital asset investment giant Grayscale is launching a new product offering exposure to one of the hottest digital assets today, Solana.

Grayscale Investments Launches Trust With Exposure To Ethereum Competitor Solana

Cardano

Bitcoin

Ethereum

Billionaire crypto investor Mike Novogratz has said Powell could trigger a bitcoin and crypto market meltdown as he acts to curb run-away inflation that's leapped to a 30-year high...

Crypto Price Prediction: Serious Fed Warning Issued Over Bitcoin, Ethereum, BNB, Solana, Cardano And XRP

Polkadot

Leading digital asset manager CoinShares says institutional investors have a strong appetite for Bitcoin (BTC) and three leading smart contract platforms. According to the firm, the overall crypto market correction has left investors hungry for more. “Digital asset investment products saw inflows of US$306m last week suggesting [a] continued appetite for digital assets.” As usual, […] The post Bitcoin, Ethereum and Two Smart Contract Competitors Are the Winners Among Institutional Investors, According to Crypto Asset Manager CoinShares appeared first on The Daily Hodl.

Bitcoin, Ethereum and Two Smart Contract Competitors Are the Winners Among Institutional Investors, According to Crypto Asset Manager CoinShares

The high costs and low return of running RPC endpoints has led to a shortage, forcing projects to pay massive premiums to tap into Solana RPC nodes.

Solana RPC Provider RunNode Closes $8.1m Seed Round — Aiming To Fix Major Solana Bottleneck

Solana's (CRYPTO: SOL) price has increased 8.98% over the past 24 hours to $206.57, which is in the opposite direction of its trend over the past week, where it has experienced a 5.0% loss, moving from $221.1 to its current price. As it stands right now, the coin's all-time high is $259.96.

Cryptocurrency Solana Rises More Than 8% In 24 hours

The $3.5 million funding round included SoftBank and DeFiance Capital.

Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana

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CryptoCodex: Bitcoin And Crypto Market Rebound Powered By Ethereum, Solana And Polkadot

Litecoin

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm's November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes Increase Every month Cryptocompare publishes […]

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November

Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, thinks one altcoin project could potentially surpass Ethereum (ETH) and become a dominant force in the crypto space across the world. Bankman-Fried says in a new interview with Kitco News that he examines what it would take to have 1 billion people use cryptocurrency and blockchain infrastructure. […] The post This Altcoin Project Could Scale to the Magnitude of Ethereum, Says Crypto Billionaire Sam Bankman-Fried appeared first on The Daily Hodl.

This Altcoin Project Could Scale to the Magnitude of Ethereum, Says Crypto Billionaire Sam Bankman-Fried

Real Vision founder and chief executive Raoul Pal is updating his followers on his favorite altcoins outside of Ethereum (ETH). Pal, a vocal Ethereum bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana's native token SOL, the fifth-ranked crypto asset by market […] The post Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important' Chart in Crypto appeared first on The Daily Hodl.

Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important' Chart in Crypto

Dogecoin

Bitcoin and cryptocurrency prices have fallen sharply as the discount shopping event Black Friday kicks off, dropping along with stock markets around the world that have fallen on fresh fears over a new Covid-19 variant...

‘Be On Guard'—Black Friday Crypto Price Crash Wipes Billions From Bitcoin, Ethereum, BNB, Solana, Cardano, XRP And Dogecoin

November 25, 2021 – Vancouver, Canada The 10,000 masks based on remix culture will drop on December 2, 2021, and are a core component of the upcoming MIXMOB game built by veterans from FIFA, PokerStars, Halo, Nintendo and more. MIXMOB, the play-to-earn game powered by Solana, is releasing their highly designed 10,000 masks for sale […] The post MIXMOB, a Play-To-Earn Game Powered by Solana, Developed by Veterans From FIFA, PokerStars, Halo, Nintendo and More appeared first on The Daily Hodl.

MIXMOB, a Play-To-Earn Game Powered by Solana, Developed by Veterans From FIFA, PokerStars, Halo, Nintendo and More

‘Dark horse' Solana is backed to outpace Ethereum with Finder's expert panel predicting SOL closing 2021 at $235.  Solana (SOL), destined to end the year at $235 on average (1) before skyrocketing to $1,178 by the end of 2025. Finder's panel of 50 fintech specialists predict SOL's ‘technical architecture' will give it an edge over ETH. […] The post ‘Dark Horse' Solana Backed To Outpace Ethereum – Finder's Expert Panel Predicts SOL Closing 2021 at $235 appeared first on The Daily Hodl.

‘Dark Horse' Solana Backed To Outpace Ethereum – Finder's Expert Panel Predicts SOL Closing 2021 at $235

The president of payments giant Stripe says the firm is open to the possibility of integrating crypto into its platform. Three years after abandoning support for Bitcoin (BTC) due to volatility concerns, Stripe co-founder and president John Collison tells CNBC in a new interview that the industry titan is reconsidering its stance on crypto. “One […] The post Payments Giant Stripe Open to Launching Crypto Support, Highlights Potential of Solana and Lightning Network appeared first on The Daily Hodl.

News for Solana Crypto (SOL)