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

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

Ethereum

Polygon

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.

Jump Crypto Plans New Solana Validator Client to Boost Performance, Decentralization

The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.

Jump Crypto Picked to Revamp Solana to Make Blockchain More Reliable

A popular crypto analyst says Solana (SOL) is showing promise as it leads Ethereum (ETH) in one critical on-chain metric.

Solana (SOL) Way Ahead of Ethereum (ETH) in One On-Chain Metric, Says Popular Crypto Analyst

Avalanche

Aave

The crypto analyst who accurately called the 2018 bear market bottom for Bitcoin (BTC) says a trio of altcoins is in the midst of a breakout.

Solana, Avalanche, and Polygon Breaking Out as One DeFi Altcoin Carves Bear Market Bottom: Top Crypto Analyst

A closely followed crypto analyst is predicting a surge for a popular Ethereum (ETH) challenger while saying that Bitcoin (BTC) may have already printed this cycle's low.

Crypto Strategist Says One Ethereum Rival Is Preparing for Liftoff, With Bitcoin (BTC) Bottom Likely In

Polygon rallied to its highest point in nearly four months on Saturday, as the token climbed to the $1.00 mark to start the weekend. Solana was also trading at a multi-month high, as it rose by over 10% earlier in today's session. As of writing, the global crypto market cap is trading nearly 3% higher.

Biggest Movers: MATIC, SOL Move Towards 4-Month Highs on Saturday

Bitcoin

Widely followed analyst Justin Bennett is weighing in on several top crypto assets as the markets finish the week on a high note. In the latest edition of the trader's Cryptocademy newsletter, Bennett identifies $24,200 as being a crucial make-or-break level for Bitcoin (BTC).

Here's What's Next for Bitcoin, Ethereum, Solana and One Gaming Altcoin, According to Top Crypto Trader

Polkadot

Last week, millions of dollars were hacked from Solana's (CRYPTO: SOL) ecosystem. While its blockchain wasn't hacked directly, hackers were able to drain funds from Solana wallets.

Following Solana Wallet Hacks, Polkadot Ambassador And Hiro CTO Call For Action To Keep DeFi Safe

Cosmos

Cosmos rose to its highest point since May earlier in today's session, as crypto markets surged on Thursday. The global market cap is trading over 6.27% higher as of writing, with bullish sentiment sweeping through. Solana was trading over 10% higher in today's session .

Biggest Movers: ATOM Climbs to Highest Point Since May, While SOL Rises by Over 10%

Jito Labs, which is building infrastructure to mitigate the negative impact of MEV on Solana, has raised a total of $12.1 million. The post Solana MEV infrastructure developer Jito Labs raises $10 million appeared first on The Block.

Solana MEV infrastructure developer Jito Labs raises $10 million

The Solana wallet provider said that it plans to hunt down the hacker and try to make its users whole. The post Slope: No ‘conclusive evidence' tying $4 million Solana hack to its own security flaw appeared first on The Block.

Slope: No ‘conclusive evidence' tying $4 million Solana hack to its own security flaw

Cypher, which launched its “v2” Wednesday, thinks futures markets can help validators hedge their risks.

Corn Farmers Hedge Their Crops with Futures. This Solana DEX Wants Vaildators to Follow Suit

Solana (SOL) wallet Phantom says that the $4 million exploit that affected over 8,000 users last week doesn't appear to have anything to do with its infrastructure. According to Phantom, an investigation launched into the hack unveiled no evidence that its system was compromised during the exploit.

Solana Wallet Phantom Says $4,000,000 Hack Not Related to Vulnerabilities in Its System

Phantom has clarified that its systems were not compromised during the wallet exploit. The post Solana wallet provider Phantom says its systems were uncompromised in $4 million hack appeared first on The Block.

Solana wallet provider Phantom says its systems were uncompromised in $4 million hack

LA-based studio Arrivant is taking its Project Eluüne: StarGarden game cross-chain and will launch on Polygon in addition to its current home on Solana. The post Solana-based Project Eluüne: StarGarden to launch on Polygon appeared first on The Block.

Solana-based Project Eluüne: StarGarden to launch on Polygon

OptiFi went live Monday, bringing portfolio margining to the Solana options trading ecosystem.

Crypto Options Trading on Solana Has Mostly Fizzled. A New DEX Has a Plan to Change That

Investors in the Solana-based project included YCombinator, Coinbase Ventures and FBG Capital

Cashmere Raises $3M Seed at $30M Valuation to Build Solana Enterprise Wallet

A popular analyst is providing price target updates for four crypto assets as the markets try to end the week in positive territory.

News for Solana Crypto (SOL)