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

Cardano

Bitcoin

Ethereum

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Aave

A widely followed crypto analyst says that Solana (SOL) and one other altcoin are setting themselves up to skyrocket. In a new video, the host of InvestAnswers tells his 385,000 subscribers that SOL's relative strength index (RSI) is getting close to flashing a buy signal. “[Looking] at the Solana chart, you can see the RSI […] The post Crypto Analyst Says Solana (SOL) and One More Altcoin Gearing Up for Rallies – Here Are His Targets appeared first on The Daily Hodl.

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Decentraland

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A popular crypto strategist and trader is saying that one Ethereum rival is poised for a breakout and one little-known altcoin is positioning for a rally. Pseudonymous crypto analyst Smart Contracter tells his 198,400 Twitter followers that he's keeping an eye on Solana (SOL), a blockchain focused on being scalable while remaining secure and decentralized. […] The post Ethereum Challenger Primed for Huge Breakout as One Under-the-Radar Altcoin Gears Up for Rally, According to Popular Crypto Analyst appeared first on The Daily Hodl.

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Cryptocurrency analyst and trader Michaël van de Poppe is plotting out how high one Ethereum (ETH) competitor can go after the altcoin experienced explosive growth during 2021. In a recent strategy session, Van de Poppe tells his 157,000 YouTube subscribers that layer-1 smart contract platform Solana (SOL) is taking advantage of some of the Ethereum platform's […] The post Crypto Analyst Michaël van de Poppe Unveils 2022 Outlook for Ethereum Rival Solana – Here Are His Massive Price Targets appeared first on The Daily Hodl.

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Fantom

Polygon

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A widely followed crypto analyst is revealing what he thinks the floor is for top cryptos Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). In a new video, the host of InvestAnswers talks to his 381,000 YouTube subscribers about what the next correction or bear phase could look like for the crypto market. The analyst says […] The post Here Are the Bottom Prices for Bitcoin, Ethereum and Solana, According to InvestAnswers appeared first on The Daily Hodl.

Here Are the Bottom Prices for Bitcoin, Ethereum and Solana, According to InvestAnswers

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A closely followed crypto strategist is saying that Ethereum rival Solana (SOL) and another altcoin have already carved bottoms. Crypto analyst Smart Contracter tells his 197,800 Twitter followers that he expects smart contract platform Solana to resume its uptrend after its sharp correction from the all-time high of $259.96. “SOL trying hard to make a […] The post Bottom Is In for Ethereum Competitor Solana (SOL) and One ‘Forgotten' Altcoin, Says Top Crypto Analyst appeared first on The Daily Hodl.

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Algorand

Avalanche

An autonomous bot that's been outperforming the crypto market by using data from weekly surveys of traders shows a bullish leaning towards Ethereum, Solana and two additional smart contract altcoins. The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and gauge trader sentiment […] The post Crypto Traders Now Favor Ethereum, Solana and Two ETH Competitors, According to Top Sentiment Tracker appeared first on The Daily Hodl.

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News for Solana Crypto (SOL)