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

Solana and other blockchains may snag market share from Ethereum over time, report says.

Solana Could Become the ‘Visa of Digital-Asset World': Bank of America

Cardano

Bitcoin

Ethereum

Bitcoin and cryptocurrency prices have bounced back after a sell-off that wiped around $1 trillion from the combined crypto market...

Legendary Billionaire Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly Soar

Polkadot

The crypto market cap gained more than 4% in 24 hours after threatening to fall below $2 trillion.

Ethereum, Solana, Polkadot Lead Crypto Price Bounceback

A closely followed crypto analyst has laid out how he thinks Bitcoin (BTC), Ethereum (ETH) and two other altcoins will bottom out and reverse into bull trends. The pseudonymous analyst known as Capo gives his 232,000 Twitter followers the potential bottoms on BTC and ETH, plus smart contract platforms Solana (SOL) and Cardano (ADA). “Potential […] The post Here Are the Bottom Prices for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Cardano (ADA), According to Crypto Analyst appeared first on The Daily Hodl.

Here Are the Bottom Prices for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Cardano (ADA), According to Crypto Analyst

Several crypto companies are setting up shop in Portals.

Binance.US Is Building an Office in the Solana Metaverse

This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there's been $2.73 billion in NFT sales. NFT Monthly […]

$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks

Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several […]

Solana Formally Acknowledges Problems With ‘High Compute' Transactions Clogging the Network

Smart contract platform Solana (SOL) is again experiencing network issues just weeks after suffering performance problems in December. Chinese journalist Colin Wu reports the four-hour downtime that happened on January 4th and tells his 182,400 Twitter followers that users attribute the issue to a distributed denial-of-service (DDoS) attack. Solana Labs co-founder Anatoly Yakovenko denies the […] The post Solana Witnesses New Performance Issues, Project Co-Founder Says DDoS Attack Not To Blame appeared first on The Daily Hodl.

Solana Witnesses New Performance Issues, Project Co-Founder Says DDoS Attack Not To Blame

Avalanche

Terra

Fantom

Polygon

Analysts at global banking giant JPMorgan say that Ethereum (ETH) competitors will challenge the top altcoin's decentralized finance (DeFi) dominance of the crypto markets this year. In a recent report, analysts led by JPMorgan managing director Nikolaos Panigirtzoglou say that ETH's 70% market share of the DeFi space will continue to drop because the blockchain's […] The post Terra (LUNA), Avalanche (AVAX) and Four Additional Ethereum Rivals Mounting Serious Challenge to ETH in 2022: JPMorgan Analysis appeared first on The Daily Hodl.

Terra (LUNA), Avalanche (AVAX) and Four Additional Ethereum Rivals Mounting Serious Challenge to ETH in 2022: JPMorgan Analysis

The combined bitcoin and cryptocurrency market has lost around $1 trillion since November in a crypto price crash that's caused turmoil for traders...

Crypto's Nightmare $1 Trillion Price Crash: What Next For Bitcoin, Ethereum, BNB, Solana, Cardano And XRP?

While the crypto markets experience a rough start to the new year, several competitors of leading smart contract platform Ethereum (ETH) are moving full steam ahead. In a new annual developer report, early-stage venture firm Electric Capital says that although Ethereum's rapid growth continues, a handful of up-and-coming blockchain projects are rising at an unprecedented […] The post Three Ethereum Rivals Are Growing at an Unprecedented Rate, Rising Faster Than ETH Itself: Report appeared first on The Daily Hodl.

Three Ethereum Rivals Are Growing at an Unprecedented Rate, Rising Faster Than ETH Itself: Report

Ethereum still has the largest ecosystem of developers in Web3, according to Electric Capital. But other networks are gaining traction.

Solana, Terra and Polkadot Are Growing Faster Than Ethereum Did: Report

Bitcoin and cryptocurrency prices have suddenly gone into free fall following a period low volatility since the turn of the year...

Crypto Price Crash: Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Are Suddenly In Free Fall

Cosmos

A closely followed crypto trader is eyeing an interoperability ecosystem to potentially have a breakout year. In a tweet laying out his general 2022 predictions, the pseudonymous analyst known as Altcoin Psycho highlights Cosmos (ATOM) as his pick to soar like layer-1 smart contract platforms Avalanche (AVAX) and Solana (SOL) did last year. My crypto […] The post Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.

Analyst Says One Altcoin Project Will Explode This Year, Mirror Rise of Ethereum Competitors Solana (SOL) and Avalanche (AVAX)

Multicoin and Ascensive Assets co-led the private token sale.

Solana DeFi Protocol Exotic Markets Raises $5M Ahead of Mainnet Launch

Solana (CRYPTO: SOL) was hit by an alleged distributed denial-of-service (DDoS) attack on Tuesday, which caused transactions to fail on the network, but the project's co-founder Anatoly Yakovenko denied such reports.

Was Solana Really Brought Down Again By DDoS Attackers This Week?

A popular crypto analyst is setting 2022 price targets for a layer-1 blockchain protocol that's flying high after breaking out last year. In a new Q&A session, the host of financial education YouTube channel InvestAnswers tells his 389,000 subscribers where he thinks Solana (SOL) is headed over the next six months. “I'm pretty confident we'll […] The post InvestAnswers Unveils ‘Confident' Solana Price Prediction, Says 200% Ethereum Rise on the Table appeared first on The Daily Hodl.

InvestAnswers Unveils ‘Confident' Solana Price Prediction, Says 200% Ethereum Rise on the Table

A popular crypto analyst and trader is issuing a warning to Cardano and Solana traders, saying that smart money investors are waiting for sharp corrections on ADA and SOL. Pseudonymous crypto strategist Pentoshi tells his 453,500 Twitter followers that he's looking for a deep pullback on smart contract platform Solana after its explosive run from […] The post Top Crypto Analyst Issues Cardano and Solana Warning, Says Smart Money Waiting for Discounts on ADA and SOL appeared first on The Daily Hodl.

Top Crypto Analyst Issues Cardano and Solana Warning, Says Smart Money Waiting for Discounts on ADA and SOL

Closely followed crypto strategist and trader Michaël van de Poppe is naming five altcoins, including smart contract platform Solana (SOL), that he thinks have the potential to make huge gains this year. In a new strategy session, Van de Poppe tells his 159,000 YouTube subscribers that layer-1 altcoins such as Solana and Avalanche (AVAX) had […] The post Ethereum Rival Solana (SOL) and Four Altcoins Set To Exponentially Rise This Year, According to Crypto Analyst Michaël van de Poppe appeared first on The Daily Hodl.

Ethereum Rival Solana (SOL) and Four Altcoins Set To Exponentially Rise This Year, According to Crypto Analyst Michaël van de Poppe

Aave

Altcoin Daily co-host Austin Arnold is listing six crypto assets that he says are set to explode this year. In a new YouTube video, Arnold tells his 1.18 million subscribers that momentum built in 2021 will be key for these altcoins in 2022, starting with smart contract platform Solana (SOL). “Solana has seen so much success […] The post Six Altcoins Will Make Big Moves in 2022, According to Crypto Trader Austin Arnold appeared first on The Daily Hodl.

Six Altcoins Will Make Big Moves in 2022, According to Crypto Trader Austin Arnold

A top executive at US-based crypto exchange Coinbase is unveiling what he believes is in store for the crypto markets in 2022. In a new company blog post, chief product officer Surojit Chatterjee says that Ethereum (ETH) competitors Avalanche (AVAX) and Solana (SOL) should see significant improvement this year and that new layer-1 (L1) solutions […] The post Coinbase Executive Makes Crypto Predictions for 2022, Says Solana (SOL), Avalanche (AVAX) and Other Layer-1s To Continue Growth appeared first on The Daily Hodl.

Coinbase Executive Makes Crypto Predictions for 2022, Says Solana (SOL), Avalanche (AVAX) and Other Layer-1s To Continue Growth

Shiba Inu

Bitcoin, Ethereum, SHIB, and other major coins in the top 10 are starting 2022 in the red—but they're still up big from this time a year ago.

Bitcoin, Ethereum, Solana, Terra, SHIB See Sluggish Start to New Year

Hedera

Shark Tank star Kevin O'Leary is unveiling the content of his crypto portfolio, which he says includes Bitcoin (BTC) and four altcoins. In a new interview with TraderTV, the billionaire says that he is invested in leading smart contract platforms Ethereum (ETH) and Solana (SOL), as well as blockchain scaling solution Polygon (MATIC) and peer-to-peer […] The post Shark Tank Star Kevin O'Leary Reveals Crypto Allocation in Ethereum, Solana and Two More Altcoins, Makes Prediction for 2022 appeared first on The Daily Hodl.

Shark Tank Star Kevin O'Leary Reveals Crypto Allocation in Ethereum, Solana and Two More Altcoins, Makes Prediction for 2022

El Salvador's millennial president Nayib Bukele has issued a flurry of bitcoin predictions for 2022—including that the bitcoin price will climb to $100,000...

‘Huge Surprise'—El Salvador's President Issued Six Big Bitcoin Predictions As The Price Of Ethereum, BNB, Solana, Cardano And XRP Limp Into 2022

Basic Attention Token

Bitcoin Cash

Ethereum Classic

Chainlink

Litecoin

Decentraland

Stellar

Zcash

The world's largest digital asset manager is offering a look at which crypto assets institutional investors are most interested in. Grayscale just detailed a complete breakdown of its crypto assets under management (AUM), which amounts to a staggering $40+ billion. The vast majority of Grayscale's holdings are in the Bitcoin (BTC) Trust, which accounts for […] The post Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins appeared first on The Daily Hodl.

News for Solana Crypto (SOL)