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

"If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum," Wood pointed out.

Why Cathie Wood Is Bullish on Solana

Ethereum

Users across 27 blockchains are eligible for the massive drop, which kicks off Monday.

How to Claim the Pyth Airdrop for Ethereum, Solana, Aptos Users

Bitcoin

Bankman-Fried's favored cryptocurrency has nearly doubled in recent weeks. Along with gains in bitcoin and other assets, the crippled exchange now seems to have sufficient funds to meet small-investor claims.

FTX Gets $1.8 Billion Boost From Soaring Solana And Bitcoin, Easing Path To Full Customer Payouts

The first phase of the airdrop will give one billion tokens to eligible Jupiter users with a minimum of $1,000 swap volume.

Jupiter unveils airdrop to over 950,000 wallets on Solana

Blockchain security company CertiK has identified a bootloader vulnerability in Solana's Saga phone, which represents Solana's inaugural Android device.

Solana Denies Certik's Claims Vulnerabilities on the Solana Saga Mobile Phone

Avalanche

Ethereum's native cryptocurrency, Ether (CRYPTO: ETH), has made a promising leap in the past 24 hours. What Happened: After a stumble that nearly brought the world's largest crypto down to $1,900, Ether has surged by more than 3% in the last 24 hours, reclaiming its stance above the $2,000 threshold and hovering close to $2,060.

Avalanche Or Solana, Which Of These Ethereum Killers Has Given Superior Returns This Year

Amid the rally in altcoins, Solana (CRYPTO: SOL) emerged as a top performer as investors saw value in the token. In September, Visa announced revolutionizing cross-border payments with Solana.

Solana Hits Year-High Level, ARK Invest's Cathie Wood Prefers Solana Over Bitcoin, Ethereum

Top performing among blue-chip cryptocurrencies, Solana continues to gain momentum, up more than 50% over the last week.

Solana's price spikes 18% day after Cathie Wood sings network's praises

Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of $52.92 to a peak of $63.32.

Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium' in South Korea

The spike comes a day after Ark Invest CEO Cathie Wood applauded its performance this year on CNBC.

Solana surges amid altcoin rally, nearly triples its price over the past month

Sunny skies for Solana? Forecast looks that way for now.

Here Comes the SOL: Solana Hits Another Yearly High

Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.

Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally

A widely followed crypto trader is predicting that Solana (SOL) will resume moving to the upside after a sudden retracement. Pseudonymous analyst Bluntz tells his 228,600 followers on the social media platform X that Solana could soar by more than 22% from its current value. Bluntz utilizes the Elliott Wave theory in his technical analysis.

Top Trader Predicts Bullish Continuation for Solana After Corrective Move, Says SOL Remains in Monster Uptrend

The tokens crossed $63, reaching a level previously seen in May 2022. Trading volumes spiked to over $3.5 billion, up more than 70% from average levels of $2 billion each day at the start of November.

Solana's SOL Jumps 20% as Investors Turn Bullish, Fears of FTX Sales Wane

On-chain analysis tool PeckShield's data indicated on Nov. 14, 2023, that FTX-labelled addresses had transferred 250,000 Solana (CRYPTO: SOL) worth around $13.5 million and $4 million in Tether (CRYPTO: USDT) stablecoins to crypto exchange Binance and trading firm Wintermute in the past eight hours. Price Action: In the past 24-hour trading, Solana's price has seen a 3% increase, taking its past seven-day trading gains to 27% and monthly gains at 155%.

Why Are FTX-Linked Wallets Transferring Solana, Despite The Significant Rally?

Macro guru Raoul Pal says that Ethereum (ETH) competitor Solana (SOL) is not done rallying even after soaring in recent weeks. In a new edition of Pal's Global Macro Investor (GMI) newsletter, the former Goldman Sachs executive says that Solana entered an uptrend after breaking out of a classic bullish pattern.

Solana (SOL) and Altcoins Still Have Massive Room To Rally, According to Macro Guru Raoul Pal

SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency.

FTX Linked Wallets Shift $13.5M SOL as Solana Rally Takes a Breather

Chainlink

A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.

Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing

Based on the latest weekly report from CoinShares, crypto fund inflows at asset managers such as itself, 21Shares, Bitwise, Grayscale and ProShares added $293 million to a seven-week run of inflows thereby pushing it above the $1 billion mark for 2023. This news comes on the heels of Benzinga's Future Of Digital Assets Event in New York scheduled on Nov.14.

Bitcoin, Ethereum, Solana Push Cryto Fund Inflows Above $1B For 2023: What's Next If Spot ETFs Are Approved?

Solana was on a roll last week, but has now cooled its rally. A number of alts like Filecoin, Polygon, and Cosmos are booming, though.

Solana Rally Cools as Bitcoin and Ethereum Hold Steady and These Alts Surge

Digital asset investment product inflows broke over $1 billion for the year, adding a further $293 million last week.

Crypto fund inflows break $1 billion for 2023, led by bitcoin, ether and solana

Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period.

Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL

Solana (CRYPTO: SOL), once called an ‘Ethereum (CRYPTO: ETH) killer' has experienced a remarkable surge in price, surging by 40% in the past week and reaching a new high for the year 2023 at approximately $58. What Happened: Crypto analyst Jacob Canfield has conducted a comprehensive analysis suggesting that Solana could be on the verge of an unprecedented market surge.

Solana Hits New Annual High At $58 — Analyst Predicts 'Ethereum Killer' Could Skyrocket To $1,000

The world's largest asset manager, BlackRock﻿﻿, has pulled the trigger on what one closely-watched analyst has called "nuclear winter" for bitcoin, ethereum and crypto price skeptics

BlackRock Just Unleashed ‘Nuclear Winter'—Sparking Bitcoin, Ethereum, XRP, Solana And Crypto Price ‘Panic'

The price of Solana (SOL) is rising as it approaches the expected price level of $53.40. New price analysis by Coinidol.com.

News for Solana Crypto (SOL)