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

Coachella is offering music fans lifetime access to the annual concert festival with a Solana NFT, plus perks like front row access and more.

Coachella, FTX US to Auction Lifetime Festival Passes as NFTs on Solana

The storied California music festival is making the jump to Web 3.

Coachella Music Festival to Launch Solana NFTs in Deal With FTX

February 1, 2022 – New Delhi, India Passive crypto investment gateway Flint will enter its beta stage to let anyone easily access passive returns on their stablecoins. Returns can be as high as 13% per annum, and there are no specific time requirements for locking up funds. Passive income is a dream for many cryptocurrency […] The post Flint Launches High Annual Crypto Returns on Solana Without the Volatility appeared first on The Daily Hodl.

Flint Launches High Annual Crypto Returns on Solana Without the Volatility

Solana Labs has launched Solana Pay to let merchants accept crypto payments directly from consumers. The post Solana Labs launches Solana Pay, a payments protocol for digital commerce appeared first on The Block.

Solana Labs launches Solana Pay, a payments protocol for digital commerce

Can Solana Labs' open-source payment plugin pick up where the bitcoin white paper left off?

‘Pay' Product Looks to Boost Stablecoin Payments on Solana

Terra

Solana and Terra were both trading up by double digits at the time of writing—a reversal from the brutal January for coins. The post Crypto market stages comeback with Solana, Terra leading rally appeared first on The Block.

Crypto market stages comeback with Solana, Terra leading rally

Tezos

Several popular layer 1 cryptocurrencies including SOL, XTZ, and LUNA have enjoyed double-digit gains after a bearish month for the wider market. 

Layer 1 Networks Solana, Tezos, Terra Kick Off February With a Bang

On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a […]

Solana's Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status

Cardano

Bitcoin

Ethereum

El Salvador's president Nayib Bukele has predicted a "gigantic" increase in the bitcoin price—calling it "just a matter of time"...

Crypto Price Prediction: El Salvador President Reveals ‘Gigantic' Bitcoin Bet As Ethereum, BNB, Solana, Cardano And XRP Rally

Avalanche

All three coins lost at least one-third of their value to start 2022.

Ethereum 'Killers' Solana, Terra and Avalanche Got Killed in January

Crypto wallet Phantom has raised $109 million in a Series B funding round and is now valued at $1.2 billion. The post Solana wallet Phantom raises $109 million in new funding, launches iOS app appeared first on The Block.

Solana wallet Phantom raises $109 million in new funding, launches iOS app

CEO Brandon Millman has his sights set on the Ethereum staple after hitting a $1.2 billion valuation in his firm's latest funding round.

Solana Wallet Phantom Raises $109M to Rival MetaMask

Solana-centric crypto wallet Phantom has raised $109 million in a Series B funding round led by Paradigm, earning the project unicorn status.

Solana Wallet Phantom Raises $109 Million, Bringing Valuation to $1.2 Billion

Wall Street giant Goldman Sachs has warned increased crypto adoption may not translate into higher prices...

Goldman Sachs Suddenly Issued A Surprise Crypto Price Warning After Huge Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Crash

January 28, 2022 – Tortola, British Virgin Islands GameFi unit DeFi Land is pleased to announce its land NFT seed sale. A total of 7,500 DeFi Land seeds will be made available for sale, distributed via the project's website and the Magic Eden platform. Blockchain gaming-oriented investors continue to take an interest in projects that […] The post Solana Based DeFi Land Announces Revenue-Generating Gen-Zero NFT Seed Sale appeared first on The Daily Hodl.

Solana Based DeFi Land Announces Revenue-Generating Gen-Zero NFT Seed Sale

Polkadot

Polygon

When you click on a DeFi project and it tells you it needs $200 of Ethereum to pay for the transaction, the dream of fast cheap transactions from crypto are shown to be a lie, at least for now. Enter the competitor chains.

Ethereum, Cardano, Polygon, Solana, Avalanche And Polkadot Deathmatch. Who Wins, Who Dies?

Altcoin Daily host Aaron Arnold is looking under the hood of a layer-1 blockchain protocol that has recently been hampered by network performance issues. In a new video, the closely followed trader tells his 1.2 million subscribers that Solana (SOL) looks primed to rebound from its rough start to 2022 and surge ahead in the […] The post Several Factors Will Send One Ethereum Competitor to the Moon Over the Coming Months, According to Altcoin Daily appeared first on The Daily Hodl.

Several Factors Will Send One Ethereum Competitor to the Moon Over the Coming Months, According to Altcoin Daily

Coinbase is one step closer to adding another major decentralized blockchain and getting closer to its long-term goals.

Coinbase To Support Solana Ecosystem: Report

Regulators around the world are gearing up to clamp down on cryptos in unison as the price of bitcoin, ethereum, BNB, splana, cardano, and XRP keep tumbling down.

Bitcoin Is In For A Global Regulatory Shakedown—As The Price Of Ethereum, BNB, Solana, Cardano, XRP Tumbles

The exchange's stated mission of listing “every” allowable crypto is taking a major step forward with plans to list Solana's answer to the ERC-20.

Coinbase Close to Listing Solana Ecosystem Tokens: Sources

A popular crypto analyst says that the recent market pullback means there are bargains to be had but cautions that today's Federal Reserve policy meeting is likely to have a significant impact across all asset classes. In a new strategy session, Nicholas Merten tells his 503,000 YouTube subscribers that leading smart contract platform Ethereum (ETH) […] The post Solana (SOL) and Avalanche (AVAX) at a Discount, but Looming Fed Meeting Could Threaten Bull Run: Analyst Nicholas Merten appeared first on The Daily Hodl.

Solana (SOL) and Avalanche (AVAX) at a Discount, but Looming Fed Meeting Could Threaten Bull Run: Analyst Nicholas Merten

SuperLayer, the venture studio from the co-founders of Rally, has chosen Solana to host RLY-powered consumer products.

Rally Social Token Creators SuperLayer to Expand RLY Network to Solana

The venture studio is bringing the Ethereum platform to Solana with additional plans for play-to-earn games and token liquidity.

RLY Backer SuperLayer to Bring Social Tokens to Solana

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Solana-Powered NFT Platform Artrade Plans to Bring NFTs to the Masses

Solana (CRYPTO: SOL) traded over 4% at $93.67 higher over 24 hours leading up to Tuesday night as a buzz grew that non fungible token marketplace OpenSea is working on integrating the cryptocurrency.

News for Solana Crypto (SOL)