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

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

Polkadot

Ethereum

Cardano

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?

Bitcoin

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.

Popular Crypto Strategist Inmortal Identifies Bitcoin's ‘Final Boss,' Gives Altcoin Update

Solana (CRYPTO: SOL) rallied to a new all-time high of $247 on Thursday to become the fourth-largest cryptocurrency by market cap.

Solana Hits New All-Time High Of $247, Up 15,000% Year-To-Date

At the end of October, the product comparison website finder.com published new survey data about price predictions concerning the leading crypto asset ethereum. On November 1, Finder's researchers published price predictions for the ethereum competitor solana, as Finder's panelists predict the digital asset is expected to reach $235 by the year's end and $1,178 by […]

Finder's Experts Expect Solana to Surpass $1,100 by 2025, Over $5K by 2030

Solana (SOL) is now the fourth-most popular blockchain in terms of non-fungible token (NFT) sales volume. According to data aggregator CryptoSlam, Solana's NFT sales are the fourth-largest by volume. Leading the pack is Ethereum, followed by Ronin (a sidechain developed for the Axie Infinity play-to-earn game) and Worldwide Asset eXchange (WAX). At time of writing, […] The post Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano appeared first on The Daily Hodl.

Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano

Mini Royale: Nations is Solana's first live online multiplayer game, and Lightspeed, FTX, and Andreessen are among its backers.

Faraway Raises $30M for Solana-Based NFT Browser Games

Aleph.im announced Serum Markets, which promises more data for the Solana DeFi ecosystem.

More DeFi Analytics Are Coming to Solana via Serum Markets

Solana's sol token has risen more than 15,000% this year. What fueled these impressive gains?

Solana Prices Have Climbed More Than 15,000% This Year

ETH, SOL and DOT are currently pushing to fresh peaks as the wider market sets another all-time record.

Ethereum, Solana, Polkadot Set All-Time Highs as Crypto Market Tops $2.9 Trillion

The nascent company named Syndica raised $8 million in seed capital to build “the cloud of Web 3.0.”

Chamath Palihapitiya's Social Capital Co-Leads Investment In Solana-Based Startup

Solana (CRYPTO: SOL) touched a new all-time high of $227.42 on Tuesday night, emerging as the fifth-largest cryptocurrency by market cap, as per CoinMarketCap data.

'Ethereum Killer' Solana Crypto's Price Hits All-Time High, Flips Cardano As Fifth-Largest Coin

The duo is tapping metaverse studio Looks Rare to turn real-life art into NFTs – live from Red Rocks.

Deadmau5, Gregory Siff Merge Digital and Physical Art With Solana NFT Drop

SOL is now the fifth-largest crypto asset by market cap.

Solana Flips Fellow Ethereum Rival Cardano as SOL Nears All-Time High

Solana's (CRYPTO: SOL) price has increased 5.93% over the past 24 hours to $213.14. Over the past week, SOL has experienced an uptick of over 1.0%, moving from $207.46 to its current price.

Solana Rises More Than 5% In 24 hours

Digital asset manager CoinShares is detailing a shift in the way institutions are allocating capital to Bitcoin and the altcoin markets. According the firm's latest report, a tidal wave of inflows triggered by the launch of the first Bitcoin (BTC) futures exchange-traded fund (ETF) in the US has evened out. The asset manager says the […] The post Institutional Investors Are Pouring Capital Into Bitcoin, Ethereum, Solana and Two Additional Altcoins: CoinShares appeared first on The Daily Hodl.

Institutional Investors Are Pouring Capital Into Bitcoin, Ethereum, Solana and Two Additional Altcoins: CoinShares

Solana's (CRYPTO: SOL) price has increased 7.68% over the past 24 hours to $204.62, which is in the opposite direction of its trend over the past week, where it has experienced a 2.0% loss, moving from $208.97 to its current price. As it stands right now, the coin's all-time high is $219.05.

Solana Rises More Than 7% In 24 hours

For those who are up to date with the global financial system, it is well known that cryptocurrency has slowly started to take over the future system.

CryptoGames: Play Dice and Win Solana!

Following the success of her Solana NFT collection, 14 year old Abigail is donating $200k to beluga conservation and a children's hospital program.

How a 14-Year-Old Used Solana NFTs to Raise $100k for Beluga Conservation

Terra

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 As L1 ecosystems become more connected than ever before, pooling sufficient liquidity for assets has become increasingly important. As always, incentives are playing a critical role in concentrating capital.  This week, we dive into Terra, Cosmos, Solana, and Binance Smart Chain

Layer by Layer Issue 13: Terra, Cosmos, Solana and Binance Smart Chain

A closely followed crypto analyst is laying out where he thinks the critical support levels are for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) as the digital asset markets correct. In the latest Technical Roundup weekly newsletter, the pseudonymous analyst known as Cred says that a bullish structure remains intact for Bitcoin in the long-term […] The post Here Are the Must-Hold Levels for Bitcoin, Ethereum and Solana, According to Top Crypto Analyst appeared first on The Daily Hodl.

Here Are the Must-Hold Levels for Bitcoin, Ethereum and Solana, According to Top Crypto Analyst

Tulip Protocol (formerly SolFarm), a crypto yield aggregation platform built on Solana, has raised $5 million in strategic funding. The post Solana-based yield aggregator Tulip Protocol raises $5 million in token sale appeared first on The Block.

Solana-based yield aggregator Tulip Protocol raises $5 million in token sale

The DeFi app formerly known as SolFarm has over $800 million in crypto TVL.

Solana-Based Yield Aggregator Tulip Raises $5M

Aave

A popular crypto strategist and trader is predicting strong uptrends for Ethereum (ETH) while saying that explosive altcoin Solana (SOL) could continue its impressive performance. The pseudonymous trader Smart Contracter tells his 176,000 Twitter followers that he's keeping a close watch on Ethereum against Bitcoin (ETH/BTC) because he believes the trading pair remains bullish after […] The post Analyst Predicts Monster Uptrends for Ethereum and Aave, Says Red-Hot Solana Could Run Hard appeared first on The Daily Hodl.

News for Solana Crypto (SOL)