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

Senior Bloomberg Intelligence analyst Mike McGlone says that one prominent Ethereum (ETH) challenger is on its way to prevailing over other ETH competitors. In a new Crypto Outlook report, McGlone says that smart contract platform Solana (SOL) is outpacing other so-called “Ethereum killers,” which should result in SOL securing its spot in the top five […] The post Bloomberg Analyst Says Says One Ethereum Competitor To Outlast the Rest, Makes Huge Long Term Bitcoin appeared first on The Daily Hodl.

Bloomberg Analyst Says Says One Ethereum Competitor To Outlast the Rest, Makes Huge Long Term Bitcoin

Cardano

Avalanche

Polkadot

Ethereum

A panel of 36 industry experts has returned an ethereum price prediction of almost $5,800 by the end of 2022—more than double its current level of $2,800...

Huge 2022 Ethereum Price Prediction Comes With A Serious BNB, Solana, Cardano, Avalanche And Polkadot Warning

Millions of transactions per second and heavy traffic contributed to the network's disruption, developers explained on Tuesday.

Here's Why Solana Ceased Block Production for Seven Hours on Saturday

Bitcoin

Bloomberg Intelligence analyst Mike McGlone says that the blue-chip crypto assets are set to outperform other commodities by the end of the year. In a new interview on the Scott Melker podcast, McGlone says that leading digital assets Bitcoin (BTC), top smart contract platform Ethereum (ETH), and ETH competitor Solana (SOL) will resume their uptrend […] The post Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here's Why appeared first on The Daily Hodl.

Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here's Why

Solana Labs co-founder Anatoly Yakovenko was accused of being "MIA" — after falling silent while the crisis unfolded. He later said he was traveling as the outage happened.

Solana Suffers Huge Outage as Bots Overwhelm Network with Four MILLION Transactions Per Second

While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana's blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana's mainnet to lose consensus for roughly seven hours. Solana's Mainnet Loses Consensus for 7 Hours […]

After Solana's Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

The crash calls to mind a 17-hour outage in September, which the Solana Foundation said was due to "in effect, a denial of service attack."

Seven-Hour Solana Crash Blamed on Bots Swarming Candy Machine

Terra

This has been fairly well telegraphed by Chairman Powell, with some more hawkish talk from other Fed Governors. An increase higher than 50 basis points, deviating from the current consensus, may lead to a drop in risk markets including BTC. Regardless, the bitcoin market has proved to be relative...

Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Crater

Engineers were still investigating why the network was unable to recover from the crush of transactions that caused the outage, a Twitter post said. The post Solana restarted after seven-hour outage caused by surge of transactions appeared first on The Block.

Solana restarted after seven-hour outage caused by surge of transactions

It wasn't immediately clear how the bot traffic overcame network safeguards.

Solana Goes Dark For 7 Hours as Bots Swarm ‘Candy Machine' NFT Minting Tool

April 28, 2022 – Taipei, Taiwan YGG SEA has formed a new partnership with Solana Ventures, the investment arm of Solana Labs, that will bolster the Yield Guild Games subDAO's operations in Southeast Asia. This exclusive strategic agreement will lead to the provision of resources to the region's game developers and broader gaming community. The […] The post YGG SEA Partners With Solana Ventures To Supercharge Game Development in Southeast Asia appeared first on The Daily Hodl.

YGG SEA Partners With Solana Ventures To Supercharge Game Development in Southeast Asia

Taipei, Taiwan, 28th April, 2022, Chainwire YGG SEA has formed a new partnership with Solana Ventures, the investment arm of Solana Labs, that will bolster…

YGG SEA Partners with Solana Ventures to Supercharge Game Development in SE Asia

These include Everstake, P2P, Syndica, Figment, Triton1, Coinbase Cloud, and Blockdaemon. The post Seven infrastructure firms add support for Pyth oracle network on Solana appeared first on The Block.

Seven infrastructure firms add support for Pyth oracle network on Solana

DeGods will obtain all of the top-tier Ethereum NFT ownership stakes in Killer 3s, one of the teams in Ice Cube's 3-on-3 basketball league.

DeGods Solana NFT Project to Buy Team Stake in Ice Cube's BIG3 League

Dogecoin

The co-founder of bitcoin and crypto exchange BitMEX has outlined how he sees the bitcoin price eventually hitting $1 million—a far more bullish price prediction than he made earlier this month...

‘Doom Loop'—Crypto Exchange Founder Suddenly Flips With Shock Bitcoin Price Prediction As Ethereum, BNB, XRP, Solana, Cardano, Luna, Avalanche And Dogecoin Crash Back

ApeCoin

A popular analyst is digging into the charts to see if a diverse trio of crypto assets might be primed for rallies. The pseudonymous crypto trader Altcoin Sherpa tells his 174,200 Twitter followers that if Bitcoin (BTC) maintains its trend of higher lows dating back to late February, he believes the leading cryptocurrency can roar […] The post Crypto Trader Predicts Bitcoin (BTC) Rally in Coming Weeks, Says Solana (SOL) and ApeCoin (APE) Ready for Bounce appeared first on The Daily Hodl.

Crypto Trader Predicts Bitcoin (BTC) Rally in Coming Weeks, Says Solana (SOL) and ApeCoin (APE) Ready for Bounce

Joe McCann has secured commitments from the likes of Marc Andreessen and Anatoly Yakovenko for his "technology company with the mandate of a fund." The post Founders from a16z, Solana and more back new billion-dollar crypto fund appeared first on The Block.

Founders from a16z, Solana and more back new billion-dollar crypto fund

Cadenza Ventures led the round, joined by FTX, Winklevoss Capital, BlockFi, Tiger Global, Alumni Ventures, Lightbank, and others.

GamerGains Gets $5.8 Million for Solana Play-and-Earn Platform Supporting Web2 Games

Algorand

A leading crypto asset manager says that institutional investment products stemmed outflows last week thanks to continued investment in altcoin-focused products. In the most recent Digital Asset Fund Flows Weekly report, CoinShares finds that crypto investment products suffered minor outflows last week. “Digital asset investment products saw outflows cool last week, totaling US$7.2m, bringing total outflows […] The post Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares appeared first on The Daily Hodl.

Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares

The following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here...

CryptoCodex: Coinbase CEO Reveals Surprise Crypto Prediction As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Luna Crash

Blockchain market data provider CryptoCompare is revealing the most potent threat to Ethereum (ETH) in the decentralized finance landscape during the first quarter (Q1) of 2022. In a new report, CryptoCompare says that Ethereum is experiencing stagnant growth in the total value locked (TVL) – the amount of all staked crypto assets that are generating […] The post This Altcoin Is the Biggest Threat to Ethereum (ETH) So Far This Year, According to CryptoCompare appeared first on The Daily Hodl.

This Altcoin Is the Biggest Threat to Ethereum (ETH) So Far This Year, According to CryptoCompare

A panel of cryptocurrency experts has predicted the bitcoin price will peak at almost $82,000 in 2022 before dropping to just above $65,000 by the end of the year...

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Polygon

Hedera

Shark Tank star Kevin O'Leary says he has maxed out his crypto portfolio by making big bets on a slew of different types of altcoins and Ethereum (ETH) challengers. In a new interview on the Scott Melker podcast, the investor says that he came to a realization that digital assets are more software than currency, […] The post Shark Tank's Kevin O'Leary Unveils Large Crypto Portfolio, Says He's Accumulating Solana, Polygon and Three Additional Altcoins appeared first on The Daily Hodl.

Shark Tank's Kevin O'Leary Unveils Large Crypto Portfolio, Says He's Accumulating Solana, Polygon and Three Additional Altcoins

A popular crypto strategist and is unveiling his huge long-term price target for Ethereum (ETH) competitor Solana (SOL) while predicting surges for Avalanche (AVAX) and Terra (LUNA).

Crypto Analyst Unveils Massive Target for Ethereum Rival Solana, Predicts Rallies for Avalanche and Terra

Chamath Palihapitiya, a former Facebook executive who runs the venture capital fund Social Capital, has warned there's "a swarm of activity [coming] to dismantle" Visa and Mastercard...

‘Single Dumbest Thing They Could Do'—‘SPAC King' Issues Stark Visa And Mastercard Crypto Warning As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana And Cardano Surge

News for Solana Crypto (SOL)