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

Bitcoin

Ethereum

A leading crypto analyst says that altcoins such as Solana (SOL) are on the rise while updating his forecast on leading cryptos Bitcoin (BTC) and Ethereum (ETH). With a new tweet, top analyst Justin Bennett tells his 98,500 followers that altcoins are heating up based on a chart depicting BTC's inverted market dominance. “AltSeason2022 is heating […] The post Crypto Analyst Says Altseason ‘Heating Up,' Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) appeared first on The Daily Hodl.

Crypto Analyst Says Altseason ‘Heating Up,' Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)

The cryptocurrency exchange is adding Solana to its list of supported blockchains for its wallet browser extension.

Coinbase Launches Crypto Wallet Support for Solana

Dogecoin

A popular crypto trader and analyst is revealing his outlook on leading memecoin Dogecoin (DOGE), smart contract platform Solana (SOL), and another large-cap altcoin. The pseudonymous analyst known as Altcoin Sherpa tells his 170,000 followers that he's got his eye on Dogecoin, and waiting for more downside before thinking about pulling the trigger on DOGE. […] The post Top Analyst Predicts What's Ahead for Dogecoin (DOGE), Solana (SOL) and One Additional Altcoin appeared first on The Daily Hodl.

Top Analyst Predicts What's Ahead for Dogecoin (DOGE), Solana (SOL) and One Additional Altcoin

Bitcoin (CRYPTO: BTC) and other major coins have seen a sudden spike. The apex coin is up 5.5% and is trading above the $41,000 mark.

Bitcoin Back Above $41K In Sudden 5% Spike — Ethereum, Solana, Others Follow Course

March 15, 2022 – Bandung, Indonesia Eizper Chain, the blockchain action-based multiplayer ARPG, has secured $2 million in funding through a seed round and private NFT sale. Overall demand for exposure to this up-and-coming blockchain project – the first game in the Eizper gaming franchise – is accelerating. Eizper Chain secured $1.6 million in seed funding from […] The post Solana-Based ARPG Eizper Chain Raises $2 Million From Seed Round and Private NFT Sale appeared first on The Daily Hodl.

Solana-Based ARPG Eizper Chain Raises $2 Million From Seed Round and Private NFT Sale

A blockchain-based MMORPG has yet to go mainstream, but some industry leaders are betting eight figures the first could be Angelic.

Maker of Angelic Gets $10M in Round Joined By Animoca Brands, Pantera Capital, Solana Capital, Everyrealm

Magic Eden, the largest NFT marketplace on the Solana blockchain, has raised $27 million in a Series A funding round. The post Solana-based NFT marketplace Magic Eden raises $27 million appeared first on The Block.

Solana-based NFT marketplace Magic Eden raises $27 million

The top platform on Solana raises funds to challenge OpenSea's dominance in the wider NFT market.

Solana NFT Marketplace Magic Eden Raises Paradigm-Led $27M Series A

The round was led by Paradigm and included contributions from Sequoia and Solana Ventures.

Solana-Based NFT Marketplace Magic Eden Raises $27M Series A

Hailing from Toonstar and Kunis' Sixth Wall, the wrestling-themed series will let NFT holders vote to help shape the story.

Mila Kunis' Studio Launches Solana NFT Animated Series, The Gimmicks

Cardano

Avalanche

Terra

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

CryptoCodex: Bitcoin And Crypto Are Braced For A Huge Week As The Price Of Ethereum, BNB, XRP, Solana, Cardano, Terra's Luna And Avalanche Swing

Musician and DJ Dillon Francis and Big Night Entertainment managing partner Tim Bonito tell Decrypt's Kate Irwin about their deal for a Boston nightclub residency and record collaboration with DJ duo ESCAPΞPLAN, and give their takes on Ethereum vs Solana for buying and trading NFTs.

Musician Dillon Francis on Ethereum vs Solana for NFTs

Solana (SOL) co-founder Anatoly Yakovenko is unveiling how the smart contract platform is outperforming competing Ethereum (ETH) challengers. In a new interview with Circle co-founder and CEO Jeremy Allaire, Yakovenko says that the number of active daily users on Solana exceeds that of other smart contract platforms, such as leading altcoin Ethereum and layer-2 scaling […] The post Solana Co-Founder Reveals What's in Store for the Top Altcoin Project, Says SOL Is Beating Rivals on This Metric appeared first on The Daily Hodl.

Solana Co-Founder Reveals What's in Store for the Top Altcoin Project, Says SOL Is Beating Rivals on This Metric

Shark Tank star Kevin O'Leary is unveiling his strategy when it comes to investing in the top altcoin projects by market cap. In a new interview with CNBC's Squawk Box, the famed investor and entrepreneur says it's impossible to nail which of the leading projects will win out in the long run, as their development […] The post Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O'Leary Outlines His Crypto Investment Strategy appeared first on The Daily Hodl.

Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O'Leary Outlines His Crypto Investment Strategy

Polkadot

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 Within L1 ecosystems with significant TVL, DeFi protocols continue to face the challenge of attracting and directing liquidity within their ecosystems As cross-chain infrastructure continues to be optimized, DeFi products like stablecoins and liquid-staked tokens may offer a chance for newly launched blockchains with smaller ecosystems to promote user activity and boost their connectivity with other networks This week, we take a look at Solana, NEAR, and Polkadot

Layer by Layer Issue 23: Solana, NEAR, and Polkadot

Bitcoin and cryptocurrency prices have soared following the premature publication of a U.S. Treasury statement on a long-awaited Biden administration executive order...

Leak Reveals Biden's Crypto Plans— Sending The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Higher

A widely followed crypto trader is watching a trio of altcoins as the overall crypto markets enter the new week on an uncertain note. The pseudonymous trader known as Altcoin Sherpa tells his 169,600 Twitter followers that he's targeting $70 to $90 as the range to dollar cost average (DCA) buy-ins for layer-1 blockchain protocol […] The post Here's What's Next for Ethereum Disruptors Solana (SOL) and Avalanche (AVAX), According to Popular Crypto Trader appeared first on The Daily Hodl.

Here's What's Next for Ethereum Disruptors Solana (SOL) and Avalanche (AVAX), According to Popular Crypto Trader

Fantom

A top crypto analyst is warning that Cardano (ADA) and two other Ethereum (ETH) competitors are likely to continue facing heavy downside risks. Starting with smart contract platform Cardano, the pseudonymous trader known as Capo tells his 246,200 Twitter followers that the ninth-largest cryptocurrency by market cap is in a “very bearish” territory after converting […] The post Top Crypto Analyst Warns Cardano (ADA) and These Two Ethereum Rivals Are Flashing Bearish Signals appeared first on The Daily Hodl.

Top Crypto Analyst Warns Cardano (ADA) and These Two Ethereum Rivals Are Flashing Bearish Signals

Many bitcoin and crypto investors are feeling upbeat—and making bold crypto price predictions...

Crypto Price Prediction: Bitcoin Could Soar To $50,000 In March As Extreme Volatility Hits Ethereum, Solana, Cardano, BNB And XRP

Cardano (ADA) creator Charles Hoskinson is detailing a series of upcoming upgrades for the ninth-largest crypto asset by market cap that he says will result in massive performance improvements. In a new video, Hoskinson says Cardano could achieve the same type of performance as Solana (SOL) and other smart contract-enabled blockchains later this year. “This […] The post Here's When Cardano (ADA) Will Rival Solana (SOL) in Performance, According to Cardano Creator Charles Hoskinson appeared first on The Daily Hodl.

Here's When Cardano (ADA) Will Rival Solana (SOL) in Performance, According to Cardano Creator Charles Hoskinson

The 6 Rings NFTs are inspired by the NBA legend's career, and serve as access passes to the Web3 fan engagement platform.

Michael Jordan's Solana Athlete App HEIR Drops First NFTs

Overall NFT trading volume fell after January's record-breaking month, but some networks are seeing gains amid the wider slump.

NFT Market Cools as Trading on Ethereum and Solana Dips

Leaked images that allegedly derive from the leading non-fungible token (NFT) marketplace Opensea indicate that the platform may soon introduce Solana-based NFTs. The images were discovered by the tech blogger Jane Manchun Wong who is well known for leaking information about yet-to-launch features from specific tech platforms. Tech Blogger With History of Discovering Yet-to-Launch Features […]

Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support

The agreement is just the latest example of big labels diving into Web3, with Warner recently announcing a deal with blockchain gaming company Splinterlands.

Bob Dylan and Miles Davis NFTs Planned as Sony and Universal Join Solana Marketplace Snowcrash

The NBA champion joins a growing list of athletes turning to Solana to create digital art.

News for Solana Crypto (SOL)