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

Polygon

The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions.

Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire

Solana ended a three-day losing streak on Wednesday, as the token moved back above the $26.00 mark. The decline came following Friday's move above $32.00, which took the price to an eight-month high. XRP has also rebounded today, and looks to be heading for its recent high over $0.9400.

Biggest Movers: SOL Snaps Losing Streak as XRP Climbs 5% Higher

Kik, the instant messaging app, founded KIN in 2017 but was forced to pay $5 million settlement to the SEC.

Code Wallet Aims for Fresh Start on Solana After Messy Tale of Kik and KIN

Ethereum

The launch of Solang provides a tool for developers familiar with Solidity, Ethereum's primary smart contract programming language.

Solana Labs rolls out Solang compiler to enhance Ethereum compatibility

Marinade Finance contributors say the new service could appeal to institutional investors.

Solana's Largest Protocol, Marinade, Bets Growth on ‘Native' SOL Staking Product

A trader who correctly called the bottom for Bitcoin (BTC) during the 2018 bear market says that Ethereum (ETH) rival Solana (SOL) is setting up for a meteoric price appreciation.

Top Trader Predicts Massive Solana (SOL) Rally, Says Ethereum (ETH) Gearing Up for ‘Glorious' Breakout

Neon Labs has released its solution to let Ethereum native developers to start building applications on Solana.

Neon Labs releases EVM to bring support for Ethereum apps on Solana

Cryptocurrency analysts of Coinidol.com report, the price of Solana (SOL) has returned to a bullish trend after breaking above the overhead resistance at $26. The cryptocurrency rose to a high of $32.50 before falling back.

Solana Overcomes The $26 Hurdle And Continues Its Uptrend

Cardano

Bitcoin

Ripple's courtroom victory against the SEC was a win for holders of many leading altcoins this week.

This Week in Coins: XRP Leads Alt Week as Solana, Cardano and Polygon Outperform Bitcoin and Ethereum

The announcement comes after 11 states alleged Coinbase was violating securities laws.

Coinbase Restricts Ethereum, Solana Staking in Four US States

MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop.

DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance'

Litecoin

Bitcoin Cash

A popular crypto analyst is issuing a Litecoin (LTC) warning as he updates his outlook on Ethereum (ETH)-rival Solana (SOL) and another red-hot altcoin. Pseudonymous analyst DonAlt tells his 50,400 YouTube subscribers that altcoins are likely going to underperform in the near term.

Analyst Issues Warning on Litecoin, Updates Outlook on Solana and Altcoin That's Exploded Over 160% in a Month

Dogecoin

Bitcoin and crypto are braced for $30 trillion worth of capital hitting the market if any one of the recent flurry of U.S. spot bitcoin exchange-traded fund (ETF) filings are approved by the U.S.

‘A Big Deal'—Crypto Braced For A $30 Trillion Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Polygon Price Boom

A widely followed crypto trader says that the XRP court ruling could ignite a huge rally for one large-cap Ethereum (ETH) rival. Pseudonymous analyst Pentoshi tells his 697,300 Twitter followers that Solana (SOL) is showing new life after breaking out of a descending triangle pattern.

Crypto Strategist Says Groundbreaking XRP Court Ruling Will ‘Breathe New Life' Into One Ethereum Rival

Ethereum came out on top in the first institutional-grade crypto ESG ranking, followed by Solana and Cardano, while Bitcoin fell below due to its heavy energy consumption.

Ethereum Ahead of Cardano, Solana in ESG Rankings, Bitcoin Fell Behind Due to Energy Consumption: Report

A Thursday court ruling in the Ripple vs. SEC case, which determined that Ripple (CRYPTO: XRP) sales cannot be classified as investment contracts, has sparked a flurry of reactions from the crypto community.

Ripple's Legal Tussle With SEC Sparks Debate In Crypto Community, Ruling Triggers Rally In SOL, ADA, MATIC

Cryptocurrencies that the U.S. Securities and Exchanges Commission (SEC) deemed unregistered securities in last month's lawsuits against Coinbase and Binance have posted double-digit percentage gains on the news of a favorable court ruling regarding Ripple's XRP.

SOL, MATIC, ADA Tokens Surge Following XRP Ruling

Most of the tokens previously deemed securities by the SEC are seeing large gains upon a federal court's ruling in the XRP case.

Did XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits

"This matters because financial advisors manage about $30 trillion in assets. This would open up all that money. Even 1% or 2% of $30 trillion is a lot of money.

‘A Big Deal'—Crypto Braced For A $30 Trillion Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana Price Boom

An altcoin project on the Solana (SOL) network is rallying after top US crypto exchange Coinbase announced the digital asset will soon be listed on its platform for trading. According to a new announcement, Coinbase plans to list Helium (HNT) beginning Wednesday when appropriate liquidity conditions are met.

Solana-Based Altcoin Project Rallies After Coinbase Announces Support for Trading

Polygon was a notable mover on Tuesday, as the token surged by as much as 8% in today's session. The move saw the cryptocurrency hit a one-month high, following a recent five-day bull run. Solana also rose higher, following a sell-off to start the week.

Biggest Movers: MATIC up 8%, as SOL Nears Fresh 2-Month High

PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.

Midday Mover: BNB, SOL Outperform as Bitcoin Clings to $30K

Binance coin was one of Monday's biggest gainers, as the token rebounded following a move close to a key support point on Sunday. The move pushed the price near a one-week high, and came as the global crypto market cap fell 0.07% lower as of writing. Solana also dropped, following a recent bull run.

Biggest Movers: BNB Rebounds on Monday as SOL Slips Following Recent Gains

Real Vision CEO Raoul Pal is outlining the best-case scenario for Ethereum (ETH) rival Solana (SOL), saying that the smart contract platform could see a massive price increase.

Macro Guru Raoul Pal Outlines Dream Scenario for Solana, Unveils Massive Price Target for Ethereum Rival

A leaked European Union draft document has shown the trading bloc wants to create a system of "global governance" to manage the "unprecedented opportunities" of virtual worlds

‘Global Governance'—Leak Reveals ‘Unprecedented' Plan For Crypto That Could Play Havoc With The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Litecoin

News for Solana Crypto (SOL)