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

Tezos

An analyst from JPMorgan says that Ethereum (ETH) is losing ground to several competitors which are gaining dominance in the non-fungible token (NFT) market. In a note seen by Markets Insider, analyst Nikolaos Panigirtzoglou said that high fees on the Ethereum network are pushing some users in the NFT market towards cheaper alternatives, presenting a […] The post JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum's Dominance in the NFT Market: Report appeared first on The Daily Hodl.

JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum's Dominance in the NFT Market: Report

Metaplex Foundation, the developer of the Solana-based NFT protocol Metaplex, has raised $46 million in a funding round. The post Solana project Metaplex Foundation raises $46 million in SAFT sale appeared first on The Block.

Solana project Metaplex Foundation raises $46 million in SAFT sale

The protocol that powers millions of Solana NFTs finds prominent backers as it looks towards the metaverse and beyond.

Michael Jordan, Multicoin Back Solana NFT Firm Metaplex in $46M Round

Investors in the zero-interest borrowing platform included Three Arrows, DeFiance Capital and Digital Currency Group.

Solana-Based DeFi Project Hubble Protocol Raises $10M

Multicoin Capital and Jump Crypto led the funding round. The project is ramping up operations after a successful 2021 debut.

Solana NFT Layer Metaplex Raises $46M

Avalanche

On the first episode of Decrypt's new podcast, SBF revealed his picks for the three most promising blockchains in 2022.

3 Most Promising Blockchains Besides Bitcoin and Ethereum, According to SBF

Cardano

Crypto analyst Nicholas Merten says that the performance of Cardano (ADA), Binance Coin (BNB) and two other altcoins are proof that the digital asset markets are not yet in bear territory. In a new strategy session, Merten says that one of the main hallmarks of a crypto bear winter is when altcoins start bleeding against […] The post Cardano (ADA), Binance Coin (BNB) and Two More Altcoins Signal Crypto Not in Bear Market: Analyst Nicholas Merten appeared first on The Daily Hodl.

Cardano (ADA), Binance Coin (BNB) and Two More Altcoins Signal Crypto Not in Bear Market: Analyst Nicholas Merten

Fantom

A popular crypto analyst and trader is predicting a strong breakout for Ethereum competitor Fantom (FTM) and says that another ETH rival is gearing up to rally. Crypto strategist Altcoin Sherpa tells his 165,100 Twitter followers that Fantom, a highly scalable blockchain for enterprises, is threatening to take out a massive resistance area above $3.00 […] The post Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally appeared first on The Daily Hodl.

Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally

Bangalore, India, 17th January, 2022, Chainwire since its launch in 2021, Unmarshal has continued to look for ways to improve its ecosystem to provide the…

DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

The funding will go toward expanding Burnt Finance's headcount and tapping new partnerships with artists and other Solana-based projects.

Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana

A closely followed crypto strategist and trader is unveiling one Ethereum (ETH) competitor that he believes will follow the epic 2021 rallies of smart contract platforms Solana (SOL) and Avalanche (AVAX). Pseudonymous trader Cantering Clark tells his 103,900 Twitter followers that he's closely watching Near, a developer-focused blockchain designed for scalability and stability. According to […] The post One Ethereum Rival Will Follow Explosive Rallies of Solana (SOL) and Avalanche (AVAX), According to Top Crypto Analyst appeared first on The Daily Hodl.

One Ethereum Rival Will Follow Explosive Rallies of Solana (SOL) and Avalanche (AVAX), According to Top Crypto Analyst

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 Blockchain ecosystems are now emerging faster than ever with the help of EVM, bridges, and incentives Growing L1 networks continue to face unexpected scaling challenges as they attempt to meet user demand This week, we take a look at Fantom, Solana, Harmony, and NEAR

Layer by Layer Issue 17: Fantom, Solana, Harmony, and NEAR

Boxing legend Mike Tyson, aka “Iron Mike,” says he is “all in on solana.” He is now asking his Twitter followers how high the price of the cryptocurrency SOL will go. Mike Tyson Asks How High the Price of Solana Will Go Mike Tyson, one of the greatest heavyweight boxers of all time, has been […]

Boxing Legend Mike Tyson Says He's ‘All in' on Solana Crypto — Asks Fans How High SOL Will Go

Bitcoin

Ethereum

Crypto is braced for some of its biggest names to come together for the North American Bitcoin Conference—with billionaire investor Mark Cuban set to join crypto-friendly Miami Mayor Francis Suarez on stage...

Bitcoin, Crypto And NFTs Are Braced For A Big Week As Extreme Price Swings Hit Ethereum, BNB, Solana, Cardano And XRP

Bank of America's analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published […]

Bank of America Says Solana Could Take Market Share From Ethereum, Become the ‘Visa of the Digital Asset Ecosystem'

Dogecoin

Litecoin

Polygon

Coin Bureau crypto channel host Guy is revealing why he remains bullish on five major crypto assets despite recent sell-offs. Guy tells his 1.87 million YouTube subscribers that he is unconvinced that the bull market is over and thinks there are “upcoming crypto milestones that could be a catalyst for a massive reversal.” Starting with Solana […] The post These Upcoming Crypto Milestones Could Trigger a Massive Rally for Solana, Dogecoin and Three Altcoins: Coin Bureau appeared first on The Daily Hodl.

These Upcoming Crypto Milestones Could Trigger a Massive Rally for Solana, Dogecoin and Three Altcoins: Coin Bureau

It looks like bitcoin and cryptocurrency prices have bottomed out—ending the worst weekly crypto rout since last December, during which major cryptocurrencies shed $300 billion in combined value.

Bank Of America: This Cryptocurrency (Not Bitcoin) Could Become The ‘Visa Of Crypto'—A Huge Price Prediction For Solana And Ethereum

Shark tank star and billionaire Mark Cuban is revealing his crypto portfolio, which includes several non-fungible tokens (NFTs) and altcoins built on Ethereum (ETH). According to ETH search engine EtherScan, Cuban's top altcoin holdings include data exchange platform Ocean Protocol (OCEAN), cross-chain smart contract protocol Rarible (RARI), the governance token of the Olympus DAO (gOHM), […] The post Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here's a Look at the Billionaire's Top Crypto Holdings appeared first on The Daily Hodl.

Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here's a Look at the Billionaire's Top Crypto Holdings

Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin posed a hypothetical to his 3.1 million Twitter followers, which got plenty of high-profile responses.

Vitalik Buterin Asks Which Coin Would Dominate By 2035 If Not Ethereum — Here Are The People's Choices

Analysts at Bank of America﻿ have predicted ethereum rival solana—which has rocketed 4,000% since this time last year—could win a significant amount of market share from ethereum...

‘Visa Of Digital Assets'—Bank Of America Issues Shock Ethereum Rival Prediction As Bitcoin, BNB, Solana, Cardano And XRP Suddenly Slide

An analyst from financial giant Bank of America is saying that smart contract platform Solana (SOL) could become the “Visa” of digital assets. According to a new report, Alkesh Shah says that while top altcoin Ethereum (ETH) prioritizes decentralization and security at the expense of scalability, SOL does the opposite, making it a prime candidate […] The post Top Ethereum Rival Could Become the ‘Visa' of Crypto Assets, According to Bank of America Analyst appeared first on The Daily Hodl.

Top Ethereum Rival Could Become the ‘Visa' of Crypto Assets, According to Bank of America Analyst

January 13, 2022 – London, England Solrise is proud to announce the expansion of its team through hiring Joseph Edwards who will join as head of financial strategy. The former head of research of crypto brokerage firm Enigma Securities will help Solrise grow and expand its ecosystem of products and services. Solrise continues to push the […] The post Solrise Hires TradFi Exec To Bring Solana DeFi to Institutional Players appeared first on The Daily Hodl.

Solrise Hires TradFi Exec To Bring Solana DeFi to Institutional Players

Strategists at Bank of America Corp (NYSE: BAC) foresee a future when high-speed blockchain Solana (CRYPTO: SOL) could become the Visa Inc (NYSE:

Why Bank Of America Says Solana Could Become The 'Visa Of Crypto'

n a research note, analyst Alkesh Shah argued that Solana's value lies in how it can handle thousands of transactions per second.

Solana Can Be 'Visa of Crypto,' Bank of America Says

The report also compares the asset to security-centric Ethereum and DeFi newcomer Avalanche.

News for Solana Crypto (SOL)