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

Chairman Nigel Eccles wants to cut out the middleman, and thinks a Solana protocol is the way to go, he told CoinDesk TV's “First Mover.”

Betting Platform BetDEX Labs Likes the Odds for Its Decentralized Sports Exchange

The decentralized network utilizes the Solana validator to facilitate tasks such as automated payments.

Solana-Based Automation Network Clockwork Raises $4M in Seed Funding

The Clockwork network enables developers to schedule recurring tasks and automate on-chain workflows on Solana. The post Solana automation network Clockwork raises $4 million appeared first on The Block.

Solana automation network Clockwork raises $4 million

The protocol has said that it will reimburse all users' funds.

Solana-Based DeFi Protocol OptiFi Loses $661K in Programming Blunder

Ethereum

A popular crypto analyst is examining how one upstart blockchain designed for scalability compares to the leading smart contract platform. In a new video, the anonymous host of InvestAnswers provides his 444,000 YouTube subscribers with a detailed analysis comparing Ethereum (ETH) with rival Solana (SOL).

Solana (SOL) vs. Ethereum: Analyst Pits ETH Against One of Its Biggest Competitors

Fireblocks has launched support for Solana and its decentralized finance, gaming, and NFT applications. The post Fireblocks launches support for Solana NFTs, games and DeFi appeared first on The Block.

Fireblocks launches support for Solana NFTs, games and DeFi

The integration also pushes support for the WalletConnect2 protocol across the Solana ecosystem, said Fireblocks CEO Michael Shaulov.

Crypto Custody Firm Fireblocks Adds Support for Solana Blockchain's DeFi, NFT, Gaming Apps

With celebrities amping up the y00ts NFT hype, the team's current DeGods collection hits an all-time high price in SOL.

DeGods Have Ascended: Solana NFT Project Soars Ahead of Buzzy y00ts Launch

While Ethereum (CRYPTO: ETH) based NFTs may get the headlines, NFTs built on the Solana (CRYPTO: SOL) blockchain continue to rise in interest and loyal communities built. One project combined the NFTs and communities from several projects to launch a Solana themed beer.

Solana Summer Shandy: New NFT Project Highlights Top Solana Collections On Beer Cans

Each pack of Solana Summer Shandy will be redeemable via the Solana-based NFT from Monday.  The post BarrelDAO sells out NFT-linked Solana Summer Shandy beer appeared first on The Block.

BarrelDAO sells out NFT-linked Solana Summer Shandy beer

Cardano

Algorand

Avalanche

Polkadot

Polygon

Proof-of-stake (PoS) is widely considered as the future of cryptocurrencies. The post The Best Staking Coins appeared first on Bitcoin Market Journal.

The Best Staking Coins

A product of barrelDAO, Solana Summer Shandy beer features NFT avatars from the biggest projects on SOL.

Solana Now Has a Beer—With DeGods, Okay Bears and Other NFTs on the Can

Bitcoin

A widely followed analyst with a successful track record of predicting market pullbacks is updating his outlook on several top crypto assets.

Bitcoin and Two Top-10 Ethereum Competitors Gearing Up for Strong Bounce Before Crashing Lower, Warns Top Analyst

A widely followed crypto trader is analyzing three crypto assets amid sideway market movement. Starting with Bitcoin (BTC), pseudonymous analyst Altcoin Sherpa tells his 181,600 Twitter followers that he is anticipating the flagship digital asset to appreciate by up to 7% from its current price.

Crypto Trader Predicts Bitcoin Rally, Updates Outlook on Solana and Chiliz – Here Are His Targets

A trading robot that's garnered a reputation for outperforming the markets is unveiling its newest portfolio allocations as most cryptocurrencies try to recover from a week-long slump. Every week the Real Vision Bot conducts surveys while compiling algorithmic portfolio assessments that generate a “hive mind” consensus.

Trading Bot Known for Beating Crypto Markets Allocates to Solana (SOL), Cardano (ADA), and One More ETH Rival

Notifi Network, Bonfida and Only1 are leading a 19-member effort known as the \"Open Chat Alliance.\"

Solana-based Projects Team Up to Make Cross-Chain Messaging Standard

Stepn's new partnership with La Liga soccer club Atlético de Madrid brings 1,001 exclusive NFT soccer boots to the move-to-earn app.

Solana Move-to-Earn App Stepn Launches NFT Collab With Atlético de Madrid

A popular analyst known for his deep-dive research is laying out what might be on the horizon for a top Ethereum (ETH) competitor. In a new strategy session, the pseudonymous host of Coin Bureau known as Guy tells his 2.

Top Ethereum Rival Could Explode by 100%, Beating Other Large-Cap Altcoins, According to Coin Bureau – Here's Why

Solana co-founder Anatoy Takovenko said the link will create new ways for institutional investors to access decentralized finance and digital assets.

Crypto Custodian Copper to Connect to Solana for DeFi Access

Popular crypto analyst Justin Bennett thinks Ethereum (ETH) competitor Solana (SOL) could be in for some rough days ahead. In a new video update, Bennett says that Solana's chart flipped bearish and its positive price action earlier in August appears to be a “confirmed fakeout,” or a bull trap.

Leading Ethereum Rival Could Crash by Over 35% After Failed Breakout, Says Crypto Analyst

These “permissionless pools'' don't have any of the safeguards afforded to Solend's whitelisted markets. That's by design.

Solana's Biggest DeFi Lender is Leaning Into “Permissionless” Loan Markets

A popular crypto analyst says he's bullish on smart contract platform Solana (SOL) while making a high-conviction call that Bitcoin (BTC) is past the lowest point of the bear market. In a new YouTube video, the anonymous host of InvestAnswers also tells his 443,000 subscribers that current metrics indicate Ethereum (ETH) competitor Solana is undervalued.

Top Analyst Says Ethereum Rival Solana (SOL) Should Be Worth More, Believes Crypto Markets Won't Revisit Lows

Shark Tank investor Kevin O'Leary has revealed he has a new altcoin position in his portfolio of crypto assets. In a new interview, O'Leary says that aside from “huge” positions in Ethereum (ETH), Solana (SOL), Polygon (MATIC) and Helium (HNT), he is also invested in Polymath (POLY).

Kevin O'Leary Reveals New Addition to Altcoin Portfolio Amid ‘Huge' Allocations in Ethereum, Solana, and Polygon

Jump Crypto announced today it is building a new open-source validator client for the Solana network. The post Jump Crypto announces plan to build new validator client for Solana appeared first on The Block.

Jump Crypto announces plan to build new validator client for Solana

The Solana Foundation and Jump Crypto are teaming up on the project to provide more stability to Solana.

News for Solana Crypto (SOL)