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

Sydney, Australia, 19th April, 2022, Plutonians, an RPG game built on the Solana blockchain, is preparing for the launch of its first-ever two new tokens,…

Solana based NFT game Plutonians to launch two Metaverse and Ecosystem tokens on April 19

DeFi platform Hedge has attracted investors who see a bright future for the Solana blockchain.

Solana DeFi Platform Hedge Raises $3.7 Million to Offer Interest-Free Loans

Billionaire investor Chamath Palihapitiya thinks Solana (SOL) will play a part in a market disruption that challenges the financial supremacy of giant payment companies. In a new interview on the All-In Podcast, Palihapitiya says there's been a surge in activity in the past 90 days in the payments sector. “Visa and Mastercard, I think, are […] The post Billionaire Chamath Palihapitiya Says Solana (SOL) Part of Massive Disruption of Global Payments Industry appeared first on The Daily Hodl.

Billionaire Chamath Palihapitiya Says Solana (SOL) Part of Massive Disruption of Global Payments Industry

A closely followed crypto analyst says that another altcoin is emerging as a major competitor of Solana (SOL) as the leading Ethereum challenger faces technical hurdles.  In a new video, pseudonymous Coin Bureau host Guy tells his two million YouTube subscribers that investors are looking for a Solana alternative after network outages and hacks that […] The post Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau appeared first on The Daily Hodl.

Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau

Ethereum

Terra

Bitcoin

Polygon

A robot that's earned a reputation for outperforming the markets is revealing its latest crypto portfolio allocations. Every week, the Real Vision Bot conducts surveys of cryptocurrency-related data in order to create an algorithmic portfolio assessment consistent with the consensus of the “hive mind.” Real Vision says that the bot has had an “astonishing” record […] The post Algorithm Known for Outperforming Crypto Markets Favors Ethereum (ETH), Terra (LUNA), Solana (SOL) and One Additional Altcoin appeared first on The Daily Hodl.

Algorithm Known for Outperforming Crypto Markets Favors Ethereum (ETH), Terra (LUNA), Solana (SOL) and One Additional Altcoin

Robert Kiyosaki, the author behind the best-selling “Rich Dad Poor Dad” book series, has added another cryptocurrency to his portfolio.

The Next Bitcoin? ‘Rich Dad Poor Dad' Author Sees A Big Opportunity In This Altcoin

Cardano

Avalanche

The combined crypto market has lost almost $400 billion since early April, as top ten cryptocurrencies including Binance's BNB, Ripple's XRP, solana, cardano, luna and avalanche struggle...

‘Absolute Disaster'—Serious Crypto Price Crash Warning Issued After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Avalanche Go Into Free Fall

FTX cryptocurrency exchange founder Sam Bankman-Fried is sharing what could happen if Twitter were to run on the Solana (SOL) blockchain. In a series of tweets, Bankman-Fried tells his 633,800 followers his thoughts about the possibility and implications of making Twitter decentralized. “Tweets go on-chain, encrypted; the sender chooses who has access to them (i.e. […] The post Dogecoin for Tipping Tweeters? FTX Founder Sam Bankman-Fried Outlines Vision for Remaking Twitter on Solana appeared first on The Daily Hodl.

Dogecoin for Tipping Tweeters? FTX Founder Sam Bankman-Fried Outlines Vision for Remaking Twitter on Solana

Dogecoin

Treasury Secretary Janet Yellen hinted at how policymakers will approach crypto regulation. Meanwhile, the price of ethereum, bitcoin, BNB, XRP, solana, cardano, and dogecoin sink.

‘National Security'—Yellen Let Slip Her Plan to Regulate Crypto As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, And Dogecoin Sink

Rarible expands its multi-chain approach even further while launching a custom marketplace for profile-picture NFT project Degenerate Ape Academy.

Solana NFTs Now Heading to Rarible Following OpenSea Debut

Cosmos

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 teams continue to raise record amounts of capital to fund ecosystem development. Meanwhile, networks are undergoing major upgrades, with some facing significant issues along the way This week, we take a look at NEAR, Cosmos, and Solana  

Layer by Layer Issue 28: NEAR, Cosmos, and Solana

The author of a personal finance book published over 20 years ago is diversifying his crypto portfolio while predicting a looming major market crisis. In a recent interview with Stansberry Research, Rich Dad Poor Dad author Robert Kiyosaki was asked why he recently added Solana (SOL) to his portfolio. “The best deals are always done early. […] The post Rich Dad Poor Dad Author Says One Ethereum Competitor Is Just Getting Started, Predicts Inflation Will Wipe Out US Economy appeared first on The Daily Hodl.

Rich Dad Poor Dad Author Says One Ethereum Competitor Is Just Getting Started, Predicts Inflation Will Wipe Out US Economy

Fantom

Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter […]

Terra's Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis

Shiba Inu

Crypto trading platform Robinhood has listed the popular meme coin Shiba Inu (SHIB) alongside Solana and others.

Robinhood Adds SHIB, Solana, Compound and Polygon's MATIC

Robinhood has added a spate of new cryptocurrencies today, namely Shiba Inu, Solana, Polygon and Compound. The post Robinhood appears to be adding four cryptos including Shiba Inu and Solana appeared first on The Block.

Robinhood appears to be adding four cryptos including Shiba Inu and Solana

Shiba Inu (CRYPTO: SHIB) is among the four cryptocurrencies that were selected for listing by major retail-oriented stock and crypto exchange Robinhood Markets Inc. (NASDAQ: HOOD).

Shiba Inu, Solana, Polygon And Compound Land On Robinhood: What You Need To Know

Arthur Hayes, the co-founder of crypto exchange BitMEX, fears the price of bitcoin and ethereum could fall much further...

BitMEX Founder Issues Serious Crypto Crash Warning And A Bleak Bitcoin And Ethereum Price Prediction As BNB, XRP, Solana, Cardano, Luna And Avalanche Tumble

A leading digital assets manager says institutional profit-taking lead to heavy outflows in crypto investment products over the last week. In the latest Digital Asset Fund Flows Weekly report, CoinShares suggests last week's heavy outflows of $134 million is a result of the previous week's market value appreciation. “Digital asset investment products saw outflows totaling US$134m […] The post Institutions Take Profit After Market Rally, but Solana (SOL) and Cardano (ADA) Remain Resilient: CoinShares appeared first on The Daily Hodl.

Institutions Take Profit After Market Rally, but Solana (SOL) and Cardano (ADA) Remain Resilient: CoinShares

CME will offer reference rates for 11 altcoins—an important prerequisite for crypto ETFs and derivatives.

CME Adds Reference Rates for Solana, Cardano, Polygon and Other Altcoins

Shark Tank star Kevin O'Leary believes that no other crypto asset will ever take the place of Bitcoin (BTC). In a new interview with Stansberry Research, O'Leary explains why he is long-term bullish on the benchmark cryptocurrency. “I don't think you're ever going to pass the granddaddy crypto. That's going to continue to become harder […] The post Shark Tank's Kevin O'Leary Says Four Altcoins Have Potential – But ‘Granddaddy Crypto' Bitcoin Is Unbeatable appeared first on The Daily Hodl.

Shark Tank's Kevin O'Leary Says Four Altcoins Have Potential – But ‘Granddaddy Crypto' Bitcoin Is Unbeatable

The world's largest non-fungible token (NFT) marketplace is making waves by adding support for Solana (SOL)-based digital art. In a new tweet, OpenSea officially announces support for NFTs built on smart contract platform Solana with the launch of the beta today. “During beta, we're excited to collect feedback and improve the Solana experience. We're currently […] The post Leading Digital Marketplace OpenSea Officially Adds Support for Solana (SOL)-Based NFTs appeared first on The Daily Hodl.

Leading Digital Marketplace OpenSea Officially Adds Support for Solana (SOL)-Based NFTs

Less than two weeks after announcing Solana NFTs were coming to NFT marketplace OpenSea, they are officially here and ready to be bought and sold.

Solana NFTs Are Live On OpenSea: Here Are The Details And Some Early Profiled Collections

Russia's recent move signals a monumental role crypto could play in the global financial system, which could send the bitcoin price to $1 million. Meanwhile, ethereum, BNB, terra, XRP, solana, cardano, dogecoin are sinking.

‘A New Petro-Asset': This Historic Move Could Send Bitcoin's Price To $1 Million—Meanwhile, Ethereum, BNB, Terra, XRP, Solana, Cardano, Dogecoin Are Sinking

Remarks from the Federal Reserve have spooked crypto investors, with leading coins in Bitcoin, Ethereum, and Solana all dropping points on the day.

Solana Tumbles 7% as Crypto Markets Correct

Bitcoin and major cryptocurrencies, including ethereum, BNB, luna, XRP, solana, cardano and avalanche, have suddenly moved sharply lower, wiping around $200 billion from the combined crypto market...

News for Solana Crypto (SOL)