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 new tools are similar to Frames on Farcaster, but are designed to work on any website, including social media platform X.

Solana Foundation unveils tools that turn any website or app into starting point for crypto transactions

The Solana Foundation, a non-profit organization focused on the Solana (CRYPTO: SOL) network, on Tuesday unveiled two new developer tools aimed at simplifying blockchain transactions and expanding adoption. Solana Actions and blockchain links (blinks) are designed to integrate blockchain functionality into everyday digital experiences.

Solana Foundation Launches Tools To Streamline Blockchain Transactions

DEX Screener says that its launchpad ensures that all smart contracts launched on the platform are fully audited.

Moonshot Rising: DexScreener's Pump.fun Competitor Already Has 7,000 Solana Meme Coins

Bitcoin

Ethereum

Solana (CRYPTO: SOL) defied the slump in blue-chip currencies to emerge as the best-performing large-cap cryptocurrency in the last 24 hours. What Happened: The fifth-largest coin by market valuation jumped more than 8% on a day where Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bled significantly.

Solana Shoots Up While Larger Marketcap Bitcoin, Ethereum Drop — What Is The Possible Reason?

Sahil Arora, the celeb promoter who created Caitlyn Jenner's Solana meme coin, claims to have “orchestrated” Jason Derulo calling him out.

Jason Derulo Solana Meme Coin Surges After He Claims He Was Duped by Celeb Promoter

Crypto analyst Evanss6 harshly criticized Solana (CRYPTO: SOL) for being an overhyped assets and predicted poor future price performance. What Happened: Evanss6 claims that Solana's hype cycle was engineered by its backers to recoup losses, avoid lawsuits and extract speculative capital, labeling it a "meticulously planned operation.

Solana Drops Below $130: 'Dumping To Zero Like Every Other Meme Coin,' Trader Barks

Helius Labs CEO Mert Mumtaz hinted that the headwind might continue this week saying he offloaded all his crypto holdings because “crypto is over."

Solana Loses $3 Billion From Its Market Cap Amid Broader Turmoil

Bitcoin Bitcoin has fallen sharply, crashing toward $60,000 per bitcoin and hitting other major cryptocurrencies—including ethereum, solana and XRP XRP.

‘Time To Panic?'—Sudden $200 Billion Bitcoin, Ethereum, Solana, XRP And Crypto Price Crash Triggers ‘Critical' Alarm

Grass, an artificial intelligence Depin project, has announced the inclusion of Solana wallets as part of its ongoing rewards distribution process. Grass stated that this new addition will allow them to track the origin of each piece of scraped data and reward the node providing this info according to its relative value.

AI Depin Project Grass to Implement Rewards Distribution Using Solana

Solana-based developers Light Protocol and Helius Labs have introduced “ZK Compression” to further applications on the network scale.

Light Protocol and Helius Labs introduce ‘ZK Compression' to further scale Solana apps

Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana's growing retail adoption and architectural advantages.

Pantera Capital Calls Solana the ‘Mac OS of Blockchains,' Highlights Architecture Benefits and Growing Adoption

50 Cent's Twitter Hacked to Promote Solana Meme Coin

A widely followed crypto analyst says that Bitcoin (BTC) is currently sitting at a “do-or-die” level while updating his outlook on altcoins Solana (SOL) and dogwifhat (WIF).

Top Trader Says Bitcoin (BTC) at ‘Do-or-Die' Level, Updates Outlook on Solana (SOL) and dogwifhat (WIF)

Solana's (CRYPTO: SOL) continuous decline prompted one prominent crypto trader to express serious doubts about its future. What Happened: Prominent trader DonAlt has voiced his concern over the persistent decline in the value of Solana, despite Bitcoin's (CRYPTO: BTC) stability.

Does Solana's Decline Mean It's 'Rugging In Slow Motion'?

3iq Digital Asset Management has announced that its solana fund has filed a preliminary prospectus for an initial public offering in Canada. The fund aims to become the first solana (SOL) exchange-traded product (ETP) in North America. Its objectives include providing exposure to the cryptocurrency, long-term capital appreciation, and staking yield.

3iq Files to Launch Solana Exchange-Traded Product in Canada

In a groundbreaking move, investment fund manager 3iQ Corp has announced plans to launch North America's first Solana (CRYPTO: SOL)-based exchange-traded product (ETP) in Canada. What Happened: Toronto-based 3iQ said it filed a preliminary prospectus with the regulatory authorities in all of the provinces and territories of Canada.

Solana ETF: 3iQ Seeks Approval For North America's First Such Fund In Canada — Will The US Be Next?

After Bitcoin and Ethereum ETF approvals in the United States, a firm aims to launch Canada's first Solana ETF. Can the U.S. be far behind?

Solana ETF Proposal Aims to Be First in North America

3iq has applied to launch the first Solana exchange-traded product in North America, the investment firm said Thursday.

3iq applies to launch Solana ETP in Canada

3iQ was a leader in getting some of the first crypto ETFs past the finish line and listed on the TSX

Canada's 3iQ Files to List Solana ETP in Toronto

Crypto venture capitalist Andrew Kang sees the delayed Ethereum (CRYPTO: ETH) ETF causing market momentum to shift from upward to downward, particularly due to the lack of acute ETF inflows. What Happened: Kang points out the effect for the different large cap cryptocurrencies.

Why The Bitcoin, Ethereum, Solana Pump Is 'Delayed'

The ratio has declined 35% in one month, reaching the lowest since March 13.

Solana-Ether Ratio Hits 3-Month Low, Analyst Anticipates Further Losses

Polygon

The short answer is: probably not—but it's complicated.

Are Solana and Polygon Safe Now That SEC's Ethereum Investigation Is Over?

Analysts at crypto hedge fund Pantera Capital believe Solana (SOL) could soon start pulling market share away from Ethereum (ETH) and other layer-1 competitors. In its latest Blockchain Letter, Pantera analysts Franklin Bi, Cosmo Jiang and Eric Wallach say that Solana's monolithic architecture gives it a sizable advantage over other blockchain projects.

Pantera Capital Says Solana Set to Gain Market Share From Ethereum And Other Competitors – Here's Why

An analyst who accurately called the 2022 crypto collapse is turning bullish on Solana (SOL) and Render (RNDR). Pseudonymous analyst Capo tells his 90,280 Telegram subscribers that Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend pattern. “Added more to the SOL and RNDR longs.

Trader That Called 2022 Crypto Collapse Bullish on Solana (SOL) and GPU-Focused Altcoin

Solana (SOL) continues to trade above $128 support but below $180 resistance. Price analysis by Coinidol.com.

News for Solana Crypto (SOL)