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

The co-founder of the streaming giant Twitch is launching a new crypto project focused on gaming non-fungible tokens (NFTs). Digital entrepreneur Justin Kan, who also co-founded the law-tech company Atrium, says his new project Fractal will serve as a marketplace for gaming NFTs. Explains Kan in a new announcement, “Our mission is to create an […] The post Co-Founder of Tech Giant Twitch To Launch Solana-Based Gaming NFT Marketplace appeared first on The Daily Hodl.

Co-Founder of Tech Giant Twitch To Launch Solana-Based Gaming NFT Marketplace

The legendary former professional basketball player Michael Jordan and his son Jeffrey Jordan have revealed they are getting into blockchain and Web 3.0 technology, according to an announcement published on December 15. The father and son duo's first tech venture is called Heir Inc., a platform that aims to connect loyal fans with popular athletes. […]

Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage Solana

The NBA legend and son Jeffrey Jordan are launching HEIR, a fan engagement platform built on the Solana blockchain.

Michael Jordan Jumps Into Web3 via Solana App for Athletes

Last month's debut of a SOL price index set the stage for this fund's launch.

Galaxy, Bloomberg Debut Solana Fund for Institutional Investors

Bitcoin

Ethereum

Avalanche

Terra

Real Vision CEO Raoul Pal is weighing in on the crypto forecast after weeks of wild swings in the markets. In a series of tweets, the macro guru tells his 827,000 followers why he thinks sentiment towards digital assets has suddenly turned bearish, then suggests what investors can do in both the short and longer […] The post Macro Guru Raoul Pal Says Bitcoin, Ethereum and Three Altcoins Are the Best Core Crypto Holdings appeared first on The Daily Hodl.

Macro Guru Raoul Pal Says Bitcoin, Ethereum and Three Altcoins Are the Best Core Crypto Holdings

Solana Ventures, the investment arm of Solana Labs, announced Tuesday a new $150 million fund to back blockchain gaming startups. The post Solana Ventures announces new $150 million fund for blockchain gaming appeared first on The Block.

Solana Ventures announces new $150 million fund for blockchain gaming

Solana Ventures, a unit of technology company Solana Labs, on Tuesday announced the launch of a $150 million investment initiative focused on blockchain gaming, in collaboration with Forte and Griffin Gaming Partners, two major players in the sector.

Solana Ventures, Forte, Griffin invest $150 million in blockchain gaming

The initiative tops an earlier $100 million fund raised with FTX and Lightspeed in November.

Solana Ventures Looks to Boost Web 3 Gaming With Launch of $150M Fund

Forte and Griffin Gaming Partners also tag in to help the next wave of NFT and play-to-earn games build on Solana.

Solana Ventures Launches $150 Million Fund for Crypto Games

Over the past 24 hours, Solana's (CRYPTO: SOL) price has fallen 4.59% to $157.78. This continues its negative trend over the past week where it has experienced a 20.0% loss, moving from $199.16 to its current price.

Solana Decreases More Than 4% Within 24 hours

Deel, the fintech firm focused on payroll, has expanded its crypto capabilities with the addition of two new tokens. The post Remote working startup Deel adds USDC and Solana withdrawals appeared first on The Block.

Remote working startup Deel adds USDC and Solana withdrawals

Decentraland

An autonomous bot known for outperforming the crypto market using weekly surveys from traders shows a bullish leaning towards Bitcoin, Ethereum, Solana and two additional gaming altcoins. The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and trader sentiment from fans of the […] The post ‘Astonishing' Crypto Algorithm Shows Traders Are Bullish on Bitcoin, Ethereum and Two Gaming Altcoins appeared first on The Daily Hodl.

‘Astonishing' Crypto Algorithm Shows Traders Are Bullish on Bitcoin, Ethereum and Two Gaming Altcoins

Fractal is bringing ownership to a community rich in both digital assets and NFT skepticism.

Twitch Co-Founder Justin Kan Launches Gaming NFT Marketplace on Solana

Cardano

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CryptoCodex: Bitcoin, Ethereum, Solana, Cardano And XRP Braced For 2021 Santa Rally After Crypto Price Crash

Cryptocurrency exchange Kraken has predicted a strong 259% rally for Ethereum (CRYPTO: ETH) rival and smart contract platform Solana (CRYPTO: SOL) by early 2022.

This Ethereum Rival Is Primed For A 259% Rally By January, As Per Kraken

Crypto exchange Kraken is saying that Ethereum competitor and smart contract platform Solana (SOL) could be jockeying for a strong rally by early 2022. In a recent report, Kraken says that Solana has been trading within a large bullish pattern dating as far back as 2020. According to the crypto exchange, Solana's corrective move from […] The post Solana Gearing Up for 255% Rally Early Next Year: Crypto Exchange Kraken appeared first on The Daily Hodl.

Solana Gearing Up for 255% Rally Early Next Year: Crypto Exchange Kraken

Polygon

The chief investment officer of Bitwise Asset Management is naming the altcoins that are set to explode as investors venture outside of Bitcoin (BTC). In a new interview with Bloomberg Technology's Emily Chang, Matt Hougan says he is bullish on Ethereum (ETH), Solana (SOL) and Polygon (MATIC). “I think we're going to see this sort […] The post Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan appeared first on The Daily Hodl.

Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan

Over the past 24 hours, Solana's (CRYPTO: SOL) price has fallen 4.82% to $175.67. This continues its negative trend over the past week where it has experienced a 21% loss, moving from $231.44 to its current price.

Cryptocurrency Solana Decreases More Than 4% Within 24 hours

Opera's Browser Wallet to Support Solana in Early 2022

Is Solana down? A distributed denial of service attack caused transactions per second to fall below 500 — and there are fears the disruption is affecting confidence in the blockchain.

Solana: 'Fastest Blockchain in World' Hit by Attack

After a bout of Thursday morning congestion, members of the high-speed blockchain's validator community voiced concerns about the network's reliability.

Solana Validators, Engineers Grapple With Blockchain Slowdown on Public Call

Although Facebook's move into the metaverse has triggered a surge in mainstream interest in the concept, the social media giant – now known as ‘Meta' – is actually following on the coattails of more recent movers in the blockchain space.

Solice: The Multi-Metaverse World Primed to Explode on Solana

Leading digital asset manager CoinShares says institutional inflows to Bitcoin (BTC) and one Ethereum (ETH) rival aren't slowing down despite a week of sell-offs and market jitters. According to CoinShares, crypto asset products saw nearly $200 million worth of inflows last week. However, major outflows occurred at the end of the week, apparently in response […] The post Bitcoin and One Ethereum Rival See More Weekly Institutional Inflows Despite Market Jitters: CoinShares appeared first on The Daily Hodl.

Bitcoin and One Ethereum Rival See More Weekly Institutional Inflows Despite Market Jitters: CoinShares

December 6, 2021 – Tel Aviv, Israel The team at play-and-earn game MonkeyBall are pleased to confirm that they have managed to beef up their list of backers. MonkeyBall, a Solana-powered gaming platform, says it's humbled that their partners wanted to join the MonkeyBall journey and are fortunate enough to be able to handpick backers […] The post Solana-Powered Play-and-Earn Game MonkeyBall Lands Investments From Alameda Research, YGG and DRIVE by Draftkings' VC appeared first on The Daily Hodl.

Solana-Powered Play-and-Earn Game MonkeyBall Lands Investments From Alameda Research, YGG and DRIVE by Draftkings' VC

A closely followed crypto strategist and trader is naming one Ethereum rival that he believes will surge to new all-time highs faster than many altcoins. Pseudonymous trader Credible tells his 276,300 Twitter followers that he keeping an eye on smart contract platform and Ethereum (ETH) competitor Solana (SOL). Credible believes SOL will rally to new […] The post One Ethereum Challenger Will Rally to New All-Time Highs Faster Than Other Altcoins, According to Crypto Analyst appeared first on The Daily Hodl.

News for Solana Crypto (SOL)