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

Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued stablecoin USDC.

Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers

Ethereum

Visa expanded its USDC stablecoin settlement capabilities to Ethereum and Solana, forming partnerships with Worldpay and Nuvei.

Visa expands stablecoin settlement options to Ethereum and Solana

The P2P has put forward a funding proposal to the Lido DAO community, requesting $1.5 million to continue offering liquid staking on the network.

Lido contributor requests $1.5 million funding to grow Solana liquid staking

Cryptocurrency price analysis brought by Coinidol.com. The price of Solana (SOL) has fallen to the predicted level of $19.68.

Solana's Margin Remains Narrow As Rejection Looms At $20

MakerDAO co-founder proposes a fork of Solana's codebase, while StarkNet wallet Braavos leaks an article on STRK token — check out the latest DeFi news and launches now!

Week in DeFi: EELS, MakerDAO Co-Founder Favors Solana and Akash Mainnet Goes Live

Despite a significant outflow in the past seven weeks, with large institutional investors selling a total of $342 million in cryptocurrencies for the seventh consecutive week, one altcoin has managed to capture the attention and favor of large entities. What Happened: European digital asset manager CoinShares reported that institutional investors have been actively pouring money into ‘Ethereum (CRYPTO: ETH) Rival' Solana (CRYPTO: SOL), which currently ranks as the 10th biggest cryptocurrency by market capitalization.

Not Dogecoin, Shiba Inu But This 'Ethereum Rival' Is The 'Most Loved Altcoin' Among Large Investors

Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a new chain forked from Solana. This move would be the final part of “Endgame,” an update to the protocol that seeks to grow the stablecoin dai by enhancing “efficiency, resilience, and participation.

Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork

Digital assets manager CoinShares says that one top Ethereum (ETH) rival is being cherished over all other altcoins this year. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that while the overall digital asset markets suffered minor outflows last week, Solana (SOL) saw minor inflows for the ninth consecutive week.

This Ethereum Rival Is the ‘Most Loved Altcoin' by Institutional Investors This Year, According to CoinShares

Investors have been withdrawing from altcoin crypto funds, but Solana is an exception.

Solana Is the ‘Most Loved Altcoin Among investors', Says CoinShares

The Ethereum co-founder sold $580,000 in MakerDAO's MKR tokens, as the stablecoin platform plans a new Solana-based appchain.

Vitalik Buterin Sells MKR Tokens as MakerDAO Co-Founder Pushes for Solana-based ‘NewChain'

Ethereum co-founder, Vitalik Buterin, has completed the sale of his entire remaining stake of 500 MakerDAO tokens on CoW Protocol, earning 353 ETH.

Vitalik Buterin Sells Remaining MakerDAO Tokens Worth $578K as Project Considers Solana-Based NewChain

Rune Christensen, the co-founder of MakerDAO, has unveiled a proposal that could reshape the future of the decentralized finance (DeFi) project.

MakerDAO Co-Founder Christensen Suggests Solana-Based Native Chain For “Endgame”

MakerDAO's co-founder Rune Christensen has said that Solana is a “better fit” as the basis for MakerDAO's new blockchain.

‘Ethereum Is Awesome', Says Solana Co-Founder Amid Planned MakerDAO Migration

MakerDAO co-founder Rune Christensen is proposing that Maker (MKR) launch its own native blockchain based on the Solana (SOL) codebase. Writing in a new blog post, Christensen reveals plans for the fifth phase of “Endgame,” the long-term roadmap for Maker that was originally laid out in May of 2022.

MakerDAO and DAI Creator Proposes New Native Chain Based on Solana (SOL) Fork

Solana co-creator Anatoly Yakovenko says that SOL tokens sitting in the reserves of FTX should be redistributed to the bankrupt crypto exchange's former customers.

Solana Co-Founder Anatoly Yakovenko Says FTX's SOL Tokens Should Be Distributed to Ex-Customers

Vitalik Buterin, co-founder of Ethereum (CRYPTO: ETH), has offloaded his entire MakerDAO (CRYPTO: MKR) token holdings. What Happened: The move closely follows news from MakerDAO's top brass about a potential pivot towards the Solana (CRYPTO: SOL) blockchain.

Ethereum Co-founder Buterin Exits MakerDAO Position Amid CEO's Vision For Solana Integration

A venture capitalist who correctly called the 2022 crypto bottom says that one Ethereum (ETH) rival appears primed to outperform the leading smart contract platform.

Solana (SOL) Ready to Outperform Ethereum (ETH) in Next Market Expansion, According to Chris Burniske

The move comes one day after MakerDAO's CEO publicly floated developing the project's NewChain on Solana or Cosmos

Vitalik sells MakerDAO stake after CEO Christensen suggests Solana-based blockchain

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China has Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price Now, It's a

Crypto Suddenly Braced For A Game-Changing China Earthquake That Could Hit The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Toncoin Price

FTX's new management is starting to move its holdings around. Amid fears of an impending dump, a Solana co-founder has an idea.

Solana Co-Founder Says FTX's SOL Should Be Distributed to Customers

The final phase of plan will be the "complete reimplementation" of the Maker Protocol in addition to building on a new blockchain.

MakerDAO announces final phase of ‘Endgame,' highlights Solana codebase

Some community members have already pushed back against the idea.

MakerDAO Should Use Solana's Code to Build Its New Blockchain, Co-Founder Says

A widely followed crypto analyst says that Solana (SOL) has enormous upside potential in the next bull cycle. In a new video update, Coin Bureau host Guy Turner says that Solana could go on a huge rally as other digital asset projects compete against SOL in the crypto space.

Solana Could Have Serious Potential in Next Bull Market, According to Coin Bureau's Guy Turner – Here's Why

Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts.

Bitcoin Slides Under $26K, Majors SOL, XRP, DOGE Erase All Weekly Gains

Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday's session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $20.

News for Solana Crypto (SOL)