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

Avalanche

A closely followed crypto trader is predicting rallies for smart contract platforms Solana (SOL) and Avalanche (AVAX), plus two other altcoins. The pseudonymous trader known as Altcoin Sherpa tells his 130,200 followers on Twitter that the recent price surge in smart contract platform Terra (LUNA) has him convinced that Solana will break out sooner than […] The post Solana, Avalanche, and Two More Altcoins Setting Up for New Highs, According to Top Crypto Trader appeared first on The Daily Hodl.

Solana, Avalanche, and Two More Altcoins Setting Up for New Highs, According to Top Crypto Trader

Cardano

Bitcoin

Ethereum

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CryptoCodex: Expectations Are High For A Bitcoin, Ethereum, Cardano, BNB, XRP And Solana Price Bull Run

Uniswap

Digital asset giant Grayscale is adding smart contract platform Solana (SOL) and decentralized exchange Uniswap (UNI) to one of its crypto investment products. In a new press release, Grayscale says it added SOL and UNI to its Digital Large Cap Fund amid a quarterly rebalancing of crypto assets. The crypto asset manager, which is the […] The post Crypto Giant Grayscale Adds Solana and Uniswap to Digital Large Cap Fund Amid Quarterly Rebalance appeared first on The Daily Hodl.

Crypto Giant Grayscale Adds Solana and Uniswap to Digital Large Cap Fund Amid Quarterly Rebalance

Terra

Tezos

After a September slump, altcoins are back on the rise.

Altcoins Terra, Arweave, Tezos and Solana Soar

Fantom

Polygon

Crypto strategist and trader Scott Melker says Solana, FTX Token and two other crypto assets are breaking out of their downtrends. In a new video, Melker tells his 105,000 YouTube subscribers that smart contract platform Solana (SOL) is ready to revisit its all-time high after breaking out of its market slump. “Solana broke that [descending] […] The post Solana, FTT and Two Additional Altcoins Breaking Out of Market Slumps, According to Crypto Analyst Scott Melker appeared first on The Daily Hodl.

Solana, FTT and Two Additional Altcoins Breaking Out of Market Slumps, According to Crypto Analyst Scott Melker

Grayscale's latest rebalancing reflects Bitcoin's falling dominance

Grayscale Adds Solana and Uniswap to $495M Investment Fund

The asset manager's bitcoin-heavy fund allocated 3.24% to SOL Friday.

Grayscale Adds Solana to $494M Digital Large Cap Fund

SolanaMonkeyBusiness, a collection of 5,000 NFTs minted on the Solana blockchain, sold an NFT for 13,027 SOL. The post Solana NFT sells for $2.1 million, breaking previous network record appeared first on The Block.

Solana NFT sells for $2.1 million, breaking previous network record

Cosmos

Polkadot

Chainlink

Popular analyst and trader Michaël van de Poppe sees leading cryptos Bitcoin (BTC) and Ethereum (ETH) heading back toward all-time highs while predicting rallies for several altcoins. In a new strategy session, Van de Poppe tells his 131,000 YouTube subscribers that he's keeping an eye on $44,000 as a key level BTC needs to break […] The post Michaël van de Poppe Predicts Big Q4 for Bitcoin, Ethereum, and Three Altcoins, Tracks Cardano and Solana Trajectories appeared first on The Daily Hodl.

Michaël van de Poppe Predicts Big Q4 for Bitcoin, Ethereum, and Three Altcoins, Tracks Cardano and Solana Trajectories

Aurory aims to be the “Axie Infinity” of Solana. It's backed by some of the same investors, and now it's mixing it up with one of biggest esports teams around.

Esports Giant TSM Teams Up With Solana 'Blue Chip' NFT Game Aurory

Solana's (CRYPTO: SOL) price has increased 9.31% over the past 24 hours to $151.32. Over the past week, SOL has experienced an uptick of over 11.0%, moving from $136.55 to its current price.

Solana Rises More Than 9% In 24 hours

Dogecoin

Bitcoin and cryptocurrency prices are suddenly soaring, with bitcoin coming within touching distance of $50,000 for the first time since early September...

$2 Trillion Crypto Price Boom: Bitcoin, Ethereum, Cardano, BNB, XRP, Solana, Polkadot And Dogecoin Are Suddenly Soaring

One of the backbones of crypto market in today's world are decentralized exchanges that took the world by the storm in recent years. And as the crypto exchange market is moving and developing rapidly, it is absolutely no surprise that the exchanges have to evolve in accordance. Therefore, today, The CEO of Soldex.ai, John Robertson […]

Solana-Based DEX Soldex AI, CEO John Robertson Explains the Impact

A new altcoin built on the Solana (SOL) network is surging after being listed on the global cryptocurrency exchange Binance. Launched in December of last year, the Bonfida (FIDA) product suite was built with three main objectives targeting the future of decentralized finance (DeFi) within the Solana realm. According to the Binance announcement, “Bonfida is […] The post New Altcoin Built on Solana Is Surging After Receiving Support From Crypto Exchange Binance appeared first on The Daily Hodl.

New Altcoin Built on Solana Is Surging After Receiving Support From Crypto Exchange Binance

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Layer 1 and 2 chains have been largely built out with scalability in mind, but increased activity brings its own challenges for each ecosystem This week, we take a look at Solana, Terra, Cosmos, and Binance Smart Chain

Layer by Layer Issue 9: Solana, Terra, Cosmos, and Binance Smart Chain

Widely followed crypto trader and market analyst Lark Davis is looking at five specific cryptocurrencies to shine in October. The trader tells his 437,000 YouTube subscribers that he is bullish on Solana (SOL), Polygon (MATIC), Elrond (EGLD), Polkadot (DOT), and Bitcoin (BTC). Starting with Solana, Davis thinks that Solana's blooming NFT space will bring more […] The post These 5 Cryptocurrencies Have the ‘Greatest Potential' in October, According to Trader Lark Davis appeared first on The Daily Hodl.

These 5 Cryptocurrencies Have the ‘Greatest Potential' in October, According to Trader Lark Davis

Solana (CRYPTO: SOL), a smart-contract-enabled blockchain termed "Ethereum Killer," was trading up about 1.5% at one point on Wednesday.

Why This Ethereum-Killing Crypto Could Slaughter The Bears

Metaplex Studios aims to help grow the existing ecosystem of NFT marketplaces on Solana, and it has a new CEO to lead the way.

Solana Launches Metaplex Studios to Grow NFTs Outside of Ethereum

A body formed to steer the development of Metaplex, an open-source platform for building NFT storefronts, has named former Citadel and Google executive Adam Jeffries as CEO, according to a press release. The post Solana-based NFT platform Metaplex Studios names new CEO and advisory board appeared first on The Block.

Solana-based NFT platform Metaplex Studios names new CEO and advisory board

Jefferies will be joined by a new board that includes members from Audius, Coinshares, Cultur3 Capital, Phantom and Saber Labs.

Solana-Based NFT Firm Metaplex Names Adam Jefferies CEO of New Studio

The cryptocurrency market is in the red today, and Ethereum and key rivals are sinking further than Bitcoin.

Crypto Market Sheds $73 Billion—Ethereum, Solana, Avalanche Hit Harder Than Bitcoin

Hedgehog's experimental wagers combine prediction markets with stablecoins, decentralized finance and gamification.

Solana-Based Prediction Market Uses DeFi Yields to Finance ‘No Loss' Betting

The site will place a heavy focus on monetization opportunities for content creators.

‘Solcial' Raises $2.9M to Build Censorship-Free Social Media on Solana

Solana's (CRYPTO: SOL) price has increased 6.98% over the past 24 hours to $145.33. Over the past week, SOL has experienced an uptick of over 2.0%, moving from $143.31 to its current price.

Cryptocurrency Solana's Price Increased More Than 6% Within 24 hours

Marco guru Raoul Pal says smart contract platform Solana is poised to be one of the best performers this cycle as he believes it is following the footsteps of Ethereum's 2017 bull cycle. In a new interview on BitBoy Crypto, the founder of Real Vision and Global Macro Investor identifies key factors that could make SOL […] The post Solana Adoption Speed Is Ridiculous, Crypto Asset Is Likely the Ethereum of This Cycle: Macro Guru Raoul Pal appeared first on The Daily Hodl.

News for Solana Crypto (SOL)