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

Popular cryptocurrency Solana (CRYPTO: SOL) is seeing downtime Wednesday. Here are the current details.

Solana Is Down: What You Need To Know

The Solana development team has asked validators to prepare to reboot the blockchain. The post Solana blockchain suffers new network outage appeared first on The Block.

Solana blockchain suffers new network outage

Genesis Global, one of the crypto market's biggest lending and trading firms, is ramping up its decentralized finance footprint by contributing $75 million to Maple's Solana-based lending platform.  The post Genesis is parking $75 million in capital into Maple's Solana-based lending platform appeared first on The Block.

Genesis is parking $75 million in capital into Maple's Solana-based lending platform

Bitcoin

Ethereum

A widely-followed crypto strategist and trader is predicting what's ahead for Bitcoin (BTC), Ethereum (ETH) and Solana in the next few days. Michaël van de Poppe tells his 605,700 Twitter followers that Bitcoin may once again bounce off a key support level and reclaim the psychological level of $30,000 before the month of May expires. […] The post Imminent Moves to the Upside Likely for Bitcoin, Ethereum and Solana, According to Top Analyst – Here Are His Targets appeared first on The Daily Hodl.

Imminent Moves to the Upside Likely for Bitcoin, Ethereum and Solana, According to Top Analyst – Here Are His Targets

Avalanche

A popular crypto strategist says that rallies are on the horizon for two Ethereum (ETH) challengers, including Solana (SOL). Pseudonymous crypto analyst Pentoshi tells his 556,200 Twitter followers that he believes Solana is poised for a rally as traders get overly bearish on the smart contract platform while it hovers at a key support level. […] The post High Probability Rallies in Sight for Solana and One More Ethereum Rival, According to Top Analyst appeared first on The Daily Hodl.

High Probability Rallies in Sight for Solana and One More Ethereum Rival, According to Top Analyst

A closely tracked crypto strategist who continues to build a following with his bearish calls says it is almost time for leading digital asset Bitcoin (BTC) to ignite another huge sell-off event. Pseudonymous trader Capo tells his 323,500 Twitter followers that demand for Bitcoin at $28,000 is nearly exhausted as BTC bears continue to stack […] The post Crypto Analyst Says Bitcoin Capitulation Imminent, Updates Outlook on Ethereum, Solana and One More Altcoin appeared first on The Daily Hodl.

Crypto Analyst Says Bitcoin Capitulation Imminent, Updates Outlook on Ethereum, Solana and One More Altcoin

Polkadot

A top crypto analyst believes four Ethereum (ETH) competitors face a bleak future if Bitcoin (BTC) continues to fall. Pseudonymous trader Altcoin Sherpa tells his 176,100 Twitter followers that smart contract-enabled blockchains Solana (SOL), Avalanche (AVAX), Polkadot (DOT) and NEAR Protocol (NEAR) are all set to shed around 50% of their value from current prices […] The post Solana, Avalanche and Two Other Ethereum Rivals Could Crash 50% if Bitcoin Dives Lower, Warns Top Crypto Analyst appeared first on The Daily Hodl.

Solana, Avalanche and Two Other Ethereum Rivals Could Crash 50% if Bitcoin Dives Lower, Warns Top Crypto Analyst

The wider market remains down, but Ethereum and other altcoins are feeling even more pain while gaming and metaverse tokens struggle.

Ethereum, Solana and Gaming Tokens Are Falling Fast as Crypto Slump Continues

Polygon

BlockFi, a popular crypto lending platform, has slashed interest rates by half for some of the market's cryptos held by non-US clients. The post BlockFi halves interest rates for major cryptos Solana, Avalanche, Polygon appeared first on The Block.

BlockFi halves interest rates for major cryptos Solana, Avalanche, Polygon

The Solana network clock has lost its sync with real-world time and is now running about half an hour behind. The post Solana's blockchain clock loses track of time, now running 30 minutes behind appeared first on The Block.

Solana's blockchain clock loses track of time, now running 30 minutes behind

Fantom

A popular altcoin trader is predicting rallies for Binance Coin (BNB) and two Ethereum (ETH) challengers including Solana (SOL). Pseudonymous crypto strategist Altcoin Sherpa tells his 176,000 Twitter followers that BNB, the utility token of crypto exchange Binance, is one of the strongest altcoins in the market right now. “BNB: Trade idea, wait for a […] The post Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival appeared first on The Daily Hodl.

Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival

Solana NFTs generated more money than Ethereum's during a 24-hour span due in large part to the launch of the Trippin' Ape Tribe collection.

Not Trippin': Solana Overtakes Ethereum in Daily NFT Trading Volume

Brave is making crypto easier to buy through its wallet feature.

Brave Adds Solana Support and Ramp Wallet Functionality in Latest Browser Update

Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens […]

Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday's Session

A widely followed crypto strategist and trader believes that two of Ethereum's (ETH) biggest challengers are likely to pull off rallies in the coming weeks. Pseudoymous analyst Pentoshi tells his 553,200 Twitter followers that he's keeping a close watch on smart contract platforms Solana (SOL) and Avalanche (AVAX). According to the crypto analyst, both AVAX […] The post Two Ethereum Challengers Gearing Up for Rallies As Crypto Looks Turbo Bullish: Top Analyst appeared first on The Daily Hodl.

Two Ethereum Challengers Gearing Up for Rallies As Crypto Looks Turbo Bullish: Top Analyst

Cosmos

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices […]

Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding L1 ecosystems that have built connections with Terra and its native assets are adjusting to a new reality as they contend with the fallout of UST's collapse This week, we take a look at Cosmos, Avalanche, and Solana

Layer by Layer Issue 31: Cosmos, Avalanche, and Solana

The Solana non-fungible token (NFT) market is beginning to find its stride, with daily transactions on the ecosystem's leading marketplace, Magic Eden, now topping OpenSea, its Ethereum counterpart.

The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours.

Two altcoins are crushing Ethereum (ETH) in terms of active addresses and daily transactions, according to a new report from venture capital giant Andreessen Horowitz (a16z). The venture capital firm looked at active addresses measured over a 30-day period as of May 12th, Ethereum had 5.5 million, compared to 9.4 million for Binance Chain's Binance […] The post Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz appeared first on The Daily Hodl.

Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz

A closely tracked crypto strategist is outlining what's in store for leading smart contract platform Ethereum and two ETH challengers, including Solana (SOL). In a new strategy session, pseudonymous analyst Cred says Ethereum might have printed a tradeable range provided that the bottom at $2,000 holds. “This might be our range for some time. Support […] The post Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce appeared first on The Daily Hodl.

Top Analyst Forecasts What's Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce

May 18, 2022 – Tortola, British Virgin Islands DeFi Land, the third-most prominent game on the Solana blockchain, will launch a new breed of play-and-earn game on May 18, 2022, at 8 PM UTC. The current DeFi Land ecosystem has no play-to-earn elements – yet has achieved over 7,500 daily active users looking to have fun […] The post Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game appeared first on The Daily Hodl.

Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game

A popular crypto analyst says that two Ethereum challengers could move hard and fast during the next bounce in digital asset markets.

Analyst Says Ethereum Rivals Solana (SOL) and Avalanche (AVAX) Could Rip Hard Next Bounce – Here Are His Targets

Institutional investors took advantage of last week's Bitcoin sell-off in record numbers for 2022, according to CoinShares. In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that crypto investment products saw the largest capital inflow of the year last week as institutions sought to buy into the market's weakness. “Digital asset investment products saw […] The post Institutional Investors Accumulate Staggering $298,000,000 in Bitcoin As Ethereum, Solana and Additional Altcoins Tread Water: CoinShares appeared first on The Daily Hodl.

Institutional Investors Accumulate Staggering $298,000,000 in Bitcoin As Ethereum, Solana and Additional Altcoins Tread Water: CoinShares

Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday's biggest gainers, as prices rose by almost $20 from lows during Sunday's session. Following a […]

Biggest Movers: XMR and SOL Higher on Monday

Cardano

Terra

Traders are nervously watching the price of crypto lender Celsius' cel cryptocurrency which has collapsed by almost 70% over the last month as panicked sellers offload the coin...

The Next Luna And UST? Crypto Market Now Braced For Another Earthquake After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Avalanche And Polkadot Price Crash

News for Solana Crypto (SOL)