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 Ethereum co-founder said he feels bad about how Solana is being treated by U.S. regulators.

Ethereum Founder Vitalik Buterin Says He Feels 'Sorry' for Solana

Cardano

Bitcoin

Ethereum

Polygon

Court documents from last November give a rough picture of the lender's altcoin holdings.

Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH

A popular crypto analyst is updating his outlook on two of the top smart contract-enabled blockchain platforms. Starting with Ethereum (ETH), the pseudonymous analyst Pentoshi tells his 694,700 Twitter followers that the proportion of the second-largest crypto asset by market cap that is staked is now higher than the amount on exchanges.

Top Crypto Analyst Says Ethereum Flashing Bullish Signal, Warns Solana Will Go Lower – Here's the Timeline

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin expressed concern regarding the U.S. Securities and Exchange Commission's (SEC) recent actions towards Solana (CRYPTO: SOL) and other blockchain projects. In a measured tone, Buterin took to Twitter to voice his apprehension about the impact of regulatory measures on the blockchain space.

Vitalik Buterin Says Solana, Other Blockchain Projects Don't Deserve SEC Wrath

Solana - What's New? Solana, a high-performance, permissionless blockchain, has been making waves in cryptocurrency.

Exploring The Rise Of Avorak AI Within The Solana Community

Arbitrum

Stellar

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.

Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here's Why: Santiment

"The one comment I'll make is that I feel bad that Solana and other projects are getting hit in this way," Buterin said.

Vitalik Buterin voices concern about SEC's treatment of Solana and other projects

One anonymous crypto investor says Ethereum (ETH) rival Solana (SOL) still has what it takes to compete with the top smart contract platform.

Can Solana (SOL) Compete With Ethereum (ETH)? Analyst Makes Prediction on Top Smart Contract Platforms

Risk-tolerant crypto traders on the Solana blockchain are taking a page from Ethereum's “Liquid staking token” (LST) craze by leveraging their SOL token derivatives in pursuit of lofty yields.

Liquid Staking Frenzy Spreads to Solana as Drift's 'Super Stake' Offers One-Click Leverage

Bitcoin Cash

Solana surged 10% on June 29, after it was confirmed that a new cross-chain bridge will allow users easier access to other blockchains. The update from Debridge will reportedly enable solana users to access ethereum's virtual machine for the first time. Bitcoin cash extended its own gains on Thursday.

Biggest Movers: SOL Gains 10%, BCH Hits Fresh 1-Year High

The firm today launched a tool to allow for limitless information and liquidity transfers between Solana and EVM-based blockchains.

New deBridge Feature Lets Solana Users Easily Access Any Ethereum-Based Blockchain

Popular crypto analyst Benjamin Cowen warns that Cardano (ADA), Solana (SOL) and one other altcoin could soon implode against Bitcoin (BTC). Cowen tells his 748,900 Twitter followers that he believes ADA, SOL and Polygon (MATIC) are going to show further weakness against the crypto king based on historical price action.

Cardano (ADA), Solana (SOL) and One Additional Altcoin Could Be Part of Next ‘Reckoning': Benjamin Cowen

Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.

ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

Dogecoin

The chief executive of the stablecoin issuer Circle, Jeremy Allaire, who oversees the $28 billion USDC stablecoin, has said he sees "enormous demand" for digital assets in emerging markets, with China and Asia at the "center"

Leak Reveals ‘Enormous' China Earthquake Could Be About To Hit The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana

The handful of tokens the SEC called securities have lost 15%, or $5 billion, off their collective market capitalizations since the start of June.

Solana, Polygon, Cardano Still Recovering From the SEC Calling Them Securities

Cryptocurrency analysts of Coinidol.com report, Solana's (SOL) upside correction is encountering resistance at the $17 high or the 21-day SMA limit.

Solana's Positive Moves Meet Resistance At $17 High

The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates.

Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending

A widely followed crypto trader believes that one top-10 altcoin could double in price amid a crypto market bounce.

Top Crypto Analyst Issues Bullish Alert, Says One Ethereum Rival Could Explode by 100%

The timing of the filing, amid high-profile regulatory actions towards crypto from the SEC, shows that BlackRock sees a strong opportunity to be among the first to inv

‘A New Wave'—Major Bank Reveals A $15 Trillion Earthquake Could Be Headed For The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana And Polygon Price

Expectations are climbing that an economic stimulus package out of China could "inflate everything"

Forget The Fed—China Is Gearing Up To ‘Rip In Trillions Of Dollars' As The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana Swing

Solana (SOL) price has recovered after falling to a low of $13.02.

Solana Faces Rejection At $16 As He Risks Further Decline

Crypto marketplace Bakkt has reportedly delisted the Ethereum (ETH) competitors Cardano (ADA) and Solana (SOL), as well as the blockchain scaling solution Polygon (MATIC). Last week, the U.S. Securities and Exchange Commission (SEC) labeled all three of the delisted tokens “crypto asset securities” in lawsuits against the exchanges Binance and Coinbase.

NYSE-Backed Crypto Marketplace Bakkt Delists Cardano, Solana and Polygon After SEC Calls Them Securities: Report

Solana climbed for a third consecutive session, as crypto markets rebounded to start the weekend. At the time of writing, the global market cap rose by 3.3%, as bullish sentiment returned. Polygon was another notable gainer, surging by over 5% on Saturday.

Biggest Movers: SOL, MATIC Move Away From Key Support Levels on Saturday

Solana is carving out a niche in the mobile phone industry with the Saga. We spoke with a few users to find out how they've been using the device.

Solana's crypto smart phone is searching for niche in crowded field

New York-based digital assets platform Bakkt has decided to remove three major cryptocurrencies Solana (CRYPTO: SOL), Polygon (CRYPTO: MATIC), and Cardano (CRYPTO: ADA) from its listings. This move comes not long after Bakkt acquired Apex Crypto, a trading infrastructure provider, for $155 million.

News for Solana Crypto (SOL)