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 (SOL) just hit an all-time high price after the comedian and TV host changed his Twitter profile picture. Coincidence?

Steve Harvey Is the New Face of Solana's NFT Boom

Crypto trader Lark Davis says five fundamental factors are fueling the meteoric rise of the smart contracts platform Solana (SOL). In a new video, Davis tells his 427,000 YouTube subscribers that SOL is exploding because developers are actually building on its blockchain. “Builders are actually showing up… You got to have stuff built on your […] The post Here Are Five Reasons Why Solana Is Skyrocketing, According to Crypto Trader Lark Davis appeared first on The Daily Hodl.

Here Are Five Reasons Why Solana Is Skyrocketing, According to Crypto Trader Lark Davis

Lido, a liquid staking protocol which currently supports Ethereum 2.0 and Terra blockchains, has expanded to Solana. The post Liquid staking protocol Lido now supports Solana's SOL token appeared first on The Block.

Liquid staking protocol Lido now supports Solana's SOL token

Solana (CRYPTO: SOL) is now the sixth-largest crypto based on market cap after a long period of staggering growth.

Solana Joins The Crypto Olympus As Adoption Grows

Cardano

Bitcoin

Polkadot

Institutional players in the crypto markets appear to be rotating capital back to Bitcoin (BTC) after altcoins stole the spotlight in August. According to data analysis from crypto asset management firm CoinShares, Bitcoin saw inflows totaling $59 million in the week ending September 3rd, painting a changing picture of investor sentiment as the previous eight […] The post Bitcoin Overtakes Etheruem, Solana, Cardano, XRP and Polkadot in Institutional Inflows As Market Volatility Heats Up: CoinShares appeared first on The Daily Hodl.

Bitcoin Overtakes Etheruem, Solana, Cardano, XRP and Polkadot in Institutional Inflows As Market Volatility Heats Up: CoinShares

Ethereum

Solana (CRYPTO: SOL), often described as an Ethereum (CRYPTO: ETH) killer, continues to rally despite major cryptocurrencies taking a beating on Tuesday.

How Is 'Ethereum Killer' Solana Bucking The Crypto Crash That Has Proven Brutal For All Other Major Cryptocurrencies?

September 7, 2021 – Singapore, Singapore Solana based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising launchpad, accelerator, and developer tools. Designed to be the de-facto fundraising and developer platform for projects building on Solana, SolRazr aims to support the growth of decentralized finance (DeFi) on the high-performance […] The post SolRazr Raises $1.5 Million To Build First Decentralized Developer Ecosystem for Solana Blockchain appeared first on The Daily Hodl.

SolRazr Raises $1.5 Million To Build First Decentralized Developer Ecosystem for Solana Blockchain

While most of the market reels from this morning's sudden downturn, SOL has jumped up another spot in the Top 10.

Solana Flips XRP as Rising Coin Outpaces Bitcoin, Ethereum Crash Recovery

Over the past 24 hours, Solana's (CRYPTO: SOL) price has risen 25.63% to $181.66. This continues its positive trend over the past week where it has experienced a 44.0% gain, moving from $126.22 to its current price.

Cryptocurrency Solana's Price Increased More Than 25% Within 24 hours

Bitcoin's market share is sitting at "uncomfortably low" levels—a historical sign of market frothiness, JPMorgan analysts warned Monday.

Solana Leads Massive Altcoin Rally As JPMorgan Warns Crypto Markets Are Looking Bubbly Again

Some people are starting to call this season "Solana Summer."

Solana Hits All-Time High as Coin Rises 14% in 24H

September 6, 2021 – Tortola, British Virgin Islands Cyclos, a new Solana-based DeFi project, has raised a total $2.1 million combined from a private and a public round. The funding will be used to create the first concentrated liquidity automated market maker on Solana, which will enable a host of features never seen before in […] The post Cyclos Raises $2.1 Million To Build Concentrated Liquidity AMM on Solana appeared first on The Daily Hodl.

Cyclos Raises $2.1 Million To Build Concentrated Liquidity AMM on Solana

Dogecoin

With El Salvador gearing up to adopt bitcoin as legal tender along side the U.S. dollar this week, social media users coordinating bitcoin purchases to coincide with the $30 worth of bitcoin that's being distributed to all Salvadorans...

Bitcoin Braced For A 3.3 Million-Strong Global Earthquake This Week As The Price Of Ethereum, Cardano, BNB, XRP, Solana And Dogecoin Soar

Pseudonymous cryptocurrency trader Smart Contracter says one red-hot altcoin is poised to continue its meteoric ascent and become the fourth-largest crypto asset by market cap. Smart Contracter, who correctly predicted Bitcoin's bottom in 2018, tells his 161,000 Twitter followers that Solana's market capitalization is destined to exceed that of Binance Coin (BNB). Currently, the fourth-placed […] The post Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin appeared first on The Daily Hodl.

Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

Comparing the crypto adoption curve to other technology, Yakovenko said, "We're maybe at the phase where email started working on the internet."

Solana CEO Anatoly Yakovenko: Here's Why We're Not in a Crypto Bubble

Cosmos

Avalanche

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 Liquidity and building incentives have recently enabled some L1 ecosystems to attract DeFi developers and users, alongside surging interest in NFTs This week, we look at Avalanche, Solana, Binance Smart Chain, Cosmos, and Terra

Layer by Layer Week 5: An Update on Avalanche, Solana, Binance Smart Chain, Cosmos, and Terra

Solana's (CRYPTO: SOL) price has increased 10.69% over the past 24 hours to $140.75. Over the past week, SOL has experienced an uptick of over 64.0%, moving from $85.96 to its current price.

Solana's Price Increased 64% This Week

Growing buzz around blockchain-based smart contracts has fueled massive gains in cryptocurrencies like sol, ether and Cardano's ada.

Solana Overtakes Dogecoin As Ethereum Price Hits $4,000 For First Time Since $1 Trillion Crypto Crash

Crypto assets have seen significant gains over the last month and one such digital currency, solana (SOL) has propelled itself into the top ten rankings and recently flipped the crypto asset dogecoin's market cap position. As of Friday, solana currently holds the seventh-largest market valuation out of all the coins in existence with a market […]

Solana Taps Another All-Time High Eclipsing Dogecoin's Market Cap, SOL Jumped Over 300% Last Month

Audius (CRYPTO: AUDIO) is rallying on the back of an announcement that it integrates with Solana-based (CRYPTO: SOL) nonfungible tokens (NFTs).

Audius Rallies After Integration Of Solana-Based NFT Feature

Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL), which is better? Massive gains in the latter have prompted that question on Twitter.

Is Solana Better Than Ethereum? Twitter Buzzes With Questions As Crypto Strikes Massive Gains

Tesla chief executive Elon Musk has weighed in a major dogecoin upgrade, designed to secure the dogecoin blockchain reduce transaction fees, calling it "important"...

‘Important'—Elon Musk Backs Major Dogecoin Upgrade As Bitcoin, Ethereum, Cardano And Solana Send The Crypto Market Price Towards $2.3 Trillion

Solana (CRYPTO: SOL) has displaced Dogecoin (CRYPTO: DOGE) as the seventh-largest cryptocurrency by market cap as the latter's relentless ascent continues. What Happened: Solana now has a market capitalization of $40.05 billion, which is greater than DOGE's market cap of $38.6 billion.

Solana Flips Dogecoin To Become World's 7th Largest Crypto: What's Going On?

Amidst growing NFT and DeFi use, Solana continues its propulsive rise and dethrones the leading meme coin.

Solana Flips Dogecoin to Become Seventh-Largest Cryptocurrency

Crypto analyst Michaël van de Poppe is analyzing five altcoins that he believes could surge in price this month. The analyst says layer-one projects like Cardano (ADA), Solana (SOL) and Avalanche (AVAX) are currently doing great, so similar projects are likely to follow suit. Layer-one projects are built into basic blockchain protocols to help improve […] The post Here Are the Top 5 Altcoins To Watch in September, According to Analyst Michaël Van De Poppe appeared first on The Daily Hodl.

News for Solana Crypto (SOL)