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

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Terra

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...

$2 Trillion Crypto Crash Warning: Sudden Shock Tanks The Price Of Bitcoin, Ethereum, BNB, Luna, XRP, Solana, Cardano, Avalanche And Dogecoin

At long last, Solana support is finally live on OpenSea—in beta mode.

Solana NFTs Can Now Be Traded on OpenSea

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Ethereum Significantly Undervalued While Terra, Solana and Additional ETH Rival Show Positive Signals: Bloomberg Analyst

Global crypto markets were trading nearly 6% lower as of writing this, with SOL one of the biggest crypto's to fall during the session. While falling by over 12% on the day, RUNE and WAVES fell by as much as 20% on Thursday. WAVES WAVES was easily one of the biggest gainers in March, as […]

Biggest Movers: SOL Slips Over 10%, as RUNE, WAVES Down Nearly 20%

OpenSea, the venture-backed marketplace for non-fungible tokens, has gone live with its long-anticipated integration of Solana.  The post OpenSea goes live with support for Solana-based NFTs appeared first on The Block.

OpenSea goes live with support for Solana-based NFTs

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FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX)

Strata has raised a seed round from Multicoin Capital, Alameda Research and others to offer a no-code launchpad to play-to-earn games and social token projects.

Strata Raises $1.5M to Build a No-Code Token Launchpad on Solana

Hivemapper rewards users with tokens for passively capturing mapping data with dashcams in a model inspired by Helium.

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Rich Dad Poor Dad Author Warns Major Market Crash Coming, Says Bitcoin, Ethereum, Solana and Gold Are Potential Way Out

With OpenSea inbound, Magic Eden leans into its “Solana-native” status by enabling purchases with tokens from leading NFT projects.

Magic Eden to Accept Tokens From Top Solana NFT Projects Aurory and DeGods

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Institutions Pour Capital Into Ethereum, Solana, and Additional ETH Competitor As Sentiment Recovers: CoinShares

The host of popular crypto YouTube channel InvestAnswers says a historical indicator is suggesting that one Ethereum (ETH) challenger is ready to turn heads. In a new video, the pseudonymous analyst says that he's bullish on Solana but that SOL faces considerable resistance at the $150 mark. “We are about to touch the 200-day moving […] The post Historically Accurate Signal Suggests This Ethereum Rival Is Ready To Go ‘Bonkers,' Says Crypto Analyst appeared first on The Daily Hodl.

Historically Accurate Signal Suggests This Ethereum Rival Is Ready To Go ‘Bonkers,' Says Crypto Analyst

A popular crypto strategist and trader is predicting strong rallies for three Ethereum (ETH) competitors and one low-cap altcoin. Pseudonymous crypto analyst Altcoin Sherpa tells his 171,400 Twitter followers that he's “super bullish” on Ethereum rival and smart contract platform Near (NEAR). According to the crypto strategist, NEAR hit his initial target at $16, but he's […] The post Crypto Trader Says One Ethereum Challenger Looks ‘Super Bullish,' Predicts Rallies for Solana and Two More Altcoins appeared first on The Daily Hodl.

Crypto Trader Says One Ethereum Challenger Looks ‘Super Bullish,' Predicts Rallies for Solana and Two More Altcoins

With the bitcoin community descending on Miami this week for the Bitcoin 2022 conference and one high-profile developer teasing "big surprises," the cryptocurrency market could be in for a shake up...

‘Big Surprises'—Bitcoin Could Be Set For One Of Its Biggest Ever Weeks As The Price Of Ethereum, BNB, XRP, Cardano, Solana And Luna Swing

Macro expert Raoul Pal is optimistic that Solana (SOL) will continue to surge as the price of the high-performance blockchain ramps up against Ethereum (ETH). The Real Vision CEO tells his 918,400 Twitter followers that he expects more development from Solana's ecosystem now that the smart contract platform appears to be on track to outperform […] The post Big Things Coming for Solana Ecosystem As SOL Breaks Out Against Ethereum: Macro Guru Raoul Pal appeared first on The Daily Hodl.

Big Things Coming for Solana Ecosystem As SOL Breaks Out Against Ethereum: Macro Guru Raoul Pal

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Bitcoin briefly broached $48,000 as several top 30 coins made massive gains over the last seven days.

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Biggest Movers:  Near Surges 22% on Saturday, as SOL, AXS Move Higher

CME Group has been "looking at" offering Solana and Cardano futures contracts, an executive said at a conference in London.

CME Group 'Looking At' Offering Solana, Cardano Futures

Polkadot

The co-host of a popular YouTube crypto channel is naming six altcoin projects that he thinks will be huge in the future. In a new update, Altcoin Daily co-host Aaron Arnold tells his 1.23 million YouTube subscribers that Ethereum (ETH) is the clear leader in mass crypto adoption. Arnold points to a tweet from Bloomberg strategist Mike McGlone […] The post Six Crypto Projects Are Riding Massive Wave of Adoption, According to Altcoin Daily appeared first on The Daily Hodl.

Six Crypto Projects Are Riding Massive Wave of Adoption, According to Altcoin Daily

CME's crypto products director said that with the right price index and regulatory climate, altcoin futures contracts are a possibility. The post CME Group is considering altcoin futures on Solana and Cardano appeared first on The Block.

CME Group is considering altcoin futures on Solana and Cardano

Fractal's seed round includes funding from Andreessen Horowitz, Solana Ventures, Coinbase, Animoca, Paradigm, and more.

Twitch Co-Founder's Solana Gaming NFT Platform Fractal Raises $35M

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After El Salvador last week postponed its controversial $1 billion bitcoin-backed bond, outspoken bitcoin billionaire Michael Saylor has warned the market perhaps isn't "quite ready" for bitcoin-backed bonds...

‘Market Is Not Quite Ready'—Bitcoin Billionaire Issues A Serious Crypto Warning As The Price Of Ethereum, BNB, Solana, Cardano, XRP And Luna Suddenly Crash

Solana extended recent gains, as it continued to cement its place as the world's sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday's 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although solana (SOL) was higher for a third straight session, […]

News for Solana Crypto (SOL)