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

Validators may have to restart the recently-rising blockchain network after it was overwhelmed by transactions.

Solana Has Been Down for Hours Due to ‘Resource Exhaustion'

Transaction blocks appear to be not processing on the Solana blockchain, according to available data and complaints from the network's users. The post Solana experiences transaction stoppage as developers report ‘intermittent instability' appeared first on The Block.

Solana experiences transaction stoppage as developers report ‘intermittent instability'

Institutional interest in Solana (CRYPTO: SOL) remains high, as SOL investment products saw close to $50 million in inflows last week.

Solana Sees Nearly $50M In Weekly Institutional Inflows

A widely followed crypto strategist and trader says Solana and two other altcoins are poised to print new all-time highs while predicting the bottom for two other crypto assets. Pseudonymous trader Smart Contracter predicts that smart contract platform Solana is gearing up for another explosive price surge en route to a new all-time high. “SOL […] The post Crypto Analyst Predicts Fresh All-Time Highs for Solana and Two Altcoins, Says Bottom Is In for 2 Other Crypto Assets appeared first on The Daily Hodl.

Crypto Analyst Predicts Fresh All-Time Highs for Solana and Two Altcoins, Says Bottom Is In for 2 Other Crypto Assets

Ethereum

Overall trading volume has dropped considerably amid a down crypto market, but top-dollar NFTs and new projects are still selling.

Ethereum, Solana NFT Market Cools Off Following Late Summer Surge

Solana's (CRYPTO: SOL) price has decreased 9.89% over the past 24 hours to $158.72. This is contrary to the coins performance over the past week where it has experienced an up-trend of 1.0%, moving from $157.41 to its current price.

Cryptocurrency Solana Falls More Than 9% In 24 hours

Cardano

Bitcoin

Ahead of the latest bitcoin and crypto sell-off, billionaire investor Leon Cooperman warned potential crypto investors to "be very careful" with bitcoin—adding he doesn't think it "makes a great deal of sense"...

Crypto Price Crash: Billionaire Investor Warns ‘Be Very Careful' As Bitcoin, Ethereum, Cardano, Solana, XRP And BNB Fall Sharply

Following the massive success of the Bored Ape Yacht Club NFT collection on the Ethereum (CRYPTO: ETH) blockchain, a new NFT collection on the competing Solana blockchain called the Degenerate Ape Academy is quickly gaining popularity.

Degenerate Ape NFTs On Solana Blockchain Selling For Millions

Solana-based NFTs—which look a lot like the Ethereum-based collections—are selling for big money.

Spin-Off Bored Apes and Pudgy Penguins Are Spreading Fast on Solana

The sale is a record for the layer-1 rival to Ethereum.

Degenerate Ape NFT Sells for More Than $1M on Solana

A boutique digital assets firm has launched the first U.S. fund that exclusively invests in smart-contract platform Solana (SOL). Osprey Fund's Solana Trust is available to accredited investors for subscription with a $10,000 minimum investment, according to a press release. Solana, which has received attention from crypto analysts recently, saw its token surge by nearly […] The post Boutique Crypto Asset Fund Launches First Exclusive Solana Investment Product in the US appeared first on The Daily Hodl.

Boutique Crypto Asset Fund Launches First Exclusive Solana Investment Product in the US

Algorand

Terra

Algorand, Terra and Solana are all still rallying.

Altcoins Continue to Rise While Ethereum and Bitcoin Fall

Dogecoin

Two high-profile central bankers have warned bitcoin and other cryptocurrencies are at risk of collapsing and are not "a good safeguard of value"...

Serious Bitcoin ‘Collapse' Alert Issued After $300 Billion Crypto Price Crash Sends Ethereum, Cardano, BNB, Solana, XRP And Dogecoin Sharply Lower

The S&P 500 has seen five straight days of losses. Bitcoin and crypto had a shaky week as well.

Bitcoin, Ethereum and Solana Prices Slip—So Does the S&P 500

Sam Bankman-Fried made a famous offer to buy Solana tokens in January. Did anyone take him up on it?

Here's What Happened After SBF Offered to Buy a Solana Bear's SOL at $3

Solana founder Anatoly Yakovenko sits down with The Scoop to discuss his project's past, present and future. The post Anatoly Yakovenko unpacks Solana's rise, memes, and NFT snafus appeared first on The Block.

Anatoly Yakovenko unpacks Solana's rise, memes, and NFT snafus

Former professional boxer widely considered one of the greatest heavyweight boxers of all time, Mike Tyson, poured some gasoline on the Ethereum (CRYPTO: ETH) versus Solana (CRYPTO: SOL) debate.

Mike Tyson Loves Crypto, But Solana Or Ethereum?

Osprey Funds LLC, a Tarrytown, New York-based digital asset management firm, has launched the Osprey Solana Trust for private placement.

Osprey Funds Debuts Solana Fund

Crypto asset management firm Osprey Funds has launched the Solana trust product for private placement. The post Crypto asset manager Osprey Funds launches Solana trust product appeared first on The Block.

Crypto asset manager Osprey Funds launches Solana trust product

Solana's sol token has experienced some very impressing gains this year, climbing from $1.61 on January 1 to more than $200 recently. Solana claims to have the fastest blockchain in crypto. Will this network live up to the hype?

Why Solana Prices Have Skyrocketed More Than 13,000% Year-To-Date

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency's market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana's crypto market capitalization has managed to surpass XRP's overall valuation, taking the sixth position in the top ten this week. […]

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

September 9, 2021 – Tortola, British Virgin Islands Gamified decentralized finance platform DeFi Land has completed its first round of investing valued at $4.1 million. Several dozen investors allocated capital to this project in recent weeks. The concept of gamifying investment action can make DeFi much more appealing and accessible. DeFi Land is a multi-chain […] The post DeFi Land Completes $4.1 Million Round To Launch Gamified Decentralized Finance Game on Solana appeared first on The Daily Hodl.

DeFi Land Completes $4.1 Million Round To Launch Gamified Decentralized Finance Game on Solana

Wall Street giant JPMorgan, which has correctly called at least one crypto market sell-off already this year, has warned over "froth and retail investor mania" currently coursing through the crypto market...

JPMorgan Issued A Stark Warning Over The Price Of Solana, Binance's BNB And Cardano As The Ethereum Rivals Roar Back

Bitcoin (CRYPTO: BTC) and other major cryptocurrencies traded lower at press time but some altcoins remained buoyant as the global cryptocurrency market cap rose 0.2% to $2.19 trillion on Wednesday night.

Bitcoin, Ethereum, Dogecoin Remain In Red Amid Wide Regulatory Woes But There Is No Stopping Solana And These Coins

Solana is on a tear. The little-known cryptocurrency has only been around for a year-and-a-half, but it's already a top 10 coin.

News for Solana Crypto (SOL)