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

Polygon

Kevin O'Leary told a panel of listeners in a Reddit talk why he's bullish on blockchains like Solana (CRYPTO: SOL) and Polygon (CRYPTO:

Here's Why Kevin O'Leary Says He 'Really Likes' Solana, Polygon

Solana's (CRYPTO: SOL) price has decreased 5.53% over the past 24 hours to $215.68, continuing its downward trend over the past week of -10.0%, moving from $242.54 to its current price.

Cryptocurrency Solana Falls More Than 5% In 24 hours

Billionaire investor Chamath Palihapitiya says investors would be reckless to ignore what two of the richest people in the world are doing with their own portfolios. In a new episode of The All-In Podcast, the CEO of venture capital firm Social Capital thinks people should be aware that big names like Elon Musk and Jeff […] The post Billionaire Chamath Palihapitiya Issues Warning to Investors, Analyzes Economic Value of Solana and Two Altcoins appeared first on The Daily Hodl.

Billionaire Chamath Palihapitiya Issues Warning to Investors, Analyzes Economic Value of Solana and Two Altcoins

Cardano

Bitcoin

Ethereum

Bitcoin, ether, XRP and cardano all fell between 7% and 10% in the last 24 hours.

Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash

The sudden crypto price crash has wiped around $400 billion from the combined crypto market, which last week touched a record high of around $3 trillion...

Sudden $400 Billion Crypto Price Rout Sees Bitcoin Crash Under $60,000 As Ethereum, BNB, Solana, Cardano And XRP Plummet

Here are the highlights from a Solana-packed week in Portugal.

The View from Solana's Celebration in Lisbon

SOL is only the third crypto with a standalone index, after BTC and ETH.

Solana Hits Bloomberg Terminal With Galaxy-Backed Index

Bloomberg and Galaxy Digital have added a new index to their suite of crypto data products, one focused on the digital asset Solana. The post Bloomberg, Galaxy partner to create new index that tracks the price of Solana appeared first on The Block.

Bloomberg, Galaxy partner to create new index that tracks the price of Solana

Bitcoin's first major upgrade in four years has activated, with developers now able to add new features to improve privacy, scalability and security on the bitcoin blockchain...

Radical Bitcoin Upgrade Escalates Ethereum, Binance's BNB, Solana, Cardano And XRP Rivalry After Huge Price Rallies

Avalanche

While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands the lion's share of this value. Ethereum […]

3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum's 12 Month Gains

Bitcoin and Ethereum set new ATHs and AMC theatres will accept crypto by the end of the year.

This Week in Coins: Bitcoin and Ethereum Set ATHs, Solana briefly Flips Tether

Shark Tank celebrity, investor and Canadian businessman Kevin O'Leary revealed that cryptocurrencies comprise 10% of his entire investment portfolio.

Kevin O'Leary Is 10% Invested In Crypto, Says There are Many Alternatives To Ethereum

Financial services firm deVere Group CEO Nigel Green is predicting the timeframe for the Bitcoin bull run while offering his outlook on three competing smart contract platforms. Green says that the price of Bitcoin could continue rising until Q2 of 2022 at the very least as concerns over inflation rise. “This latest data out of […] The post DeVere Group CEO Updates Outlook on Cardano, Ethereum and Solana, Predicts How Long Bitcoin Bull Run Will Last appeared first on The Daily Hodl.

DeVere Group CEO Updates Outlook on Cardano, Ethereum and Solana, Predicts How Long Bitcoin Bull Run Will Last

The notable NFT artist just dropped her first Solana project, The Collectoooooor, with a unique “fair launch” sale format.

'The Collectoooooor': Why Pplpleasr's Latest NFT Art Is on Solana, Not Ethereum

Cosmos

The massive Series B round for Forte included investments from Andreessen Horowitz, Animoca Brands, and Warner Music Group.

Cosmos, Solana Ventures Join $725M Series B for Crypto Gaming Platform Forte

Solana's (CRYPTO: SOL) price has decreased 6.65% over the past 24 hours to $225.79, continuing its downward trend over the past week of -1.0%, moving from $233.18 to its current price.

Solana Down More Than 6% Within 24 hours

Raj Gokal, the co-founder of Solana Labs, thinks the community perception of competition between blockchains like Solana (CRYPTO: SOL) and Ethereum (CRYPTO:

Solana Labs Co-Founder Says Ethereum Cannot Be Killed

Terra

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 Total value locked in L1 ecosystems has continued to rise as significant amounts of native protocol tokens remain staked in the largest DeFi protocols This week, we take a look at Solana, Binance Smart Chain, Terra, and Cosmos

Layer by Layer Issue 15: Solana, Binance Smart Chain, Terra, and Cosmos

Bitcoin has rocketed this week, climbing to a fresh all-time high of around $69,000 per bitcoin after some in the crypto community predicted a "big week"...

Bitcoin Now Primed For A Sudden Shock After Huge $500 Billion Ethereum, BNB, Solana, Cardano And XRP Price Rally

In a move that will integrate high-performance blockchain wallets and privacy-focused browsers, smart contract platform Solana (SOL) announced a business partnership with Brave browser. Brave says in a press release that Solana will get access to over 40 million users on the browser, as well as over one million creators. “Brave will integrate the Solana […] The post Solana Poised To Add Millions of New Users As It Teams Up With Privacy-Focused Browser appeared first on The Daily Hodl.

Solana Poised To Add Millions of New Users As It Teams Up With Privacy-Focused Browser

On November 9, the two-time Grammy-nominated producer and DJ, Steve Aoki, announced a new partnership with the popular comic book artist and Spawn creator Todd McFarlane. The two plan to launch a non-fungible token (NFT) marketplace that leverages the Solana blockchain. The NFT marketplace will be called Odd Key and Aoki and McFarlane aim to […]

Record Producer Steve Aoki and Spawn Creator Todd McFarlane to Launch Solana-Powered NFT Market

The company also raised $5.5 million in a funding round co-led by Republic Capital.

Zebec Protocol Launches on Solana Offering Flexible Payroll

The companies are aiming to expand play-to-earn gaming worldwide.

Solana-Based GameFi Title Genopets to Partner With Yield Guild Games

Brave, the company behind the Brave browser, has partnered with Solana to provide support for the blockchain directly from its browser. According to a press release, the Brave browser will now default to Solana for cross-chain and decentralized app support. Brave users, that are now in the millions, will have access to a Solana wallet […]

Brave Browser to Integrate Solana Support

Alexis Ohanian, the co-founder of Reddit, told conference attendees on Tuesday that he has partnered with Solana Ventures to further the growth of decentralized social media projects on the Solana (CRYPTO: SOL) blockchain.

News for Solana Crypto (SOL)