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

“Metaplex will do for NFTs what Shopify did for commerce, but takes it one step further by not acting as the middleman,” said musician RAC.

Metaplex Foundation Launches Solana-Based NFT Marketplace

Solana is the latest blockchain to stand up an NFT offering. Its MetaPlex marketplace tool offers creatives low-cost and flexibility.

'Shopify for NFTs' Launches on Solana Blockchain

Two heavyweights of the crypto industry are contemplating whether Binance Smart Chain (BSC) and Solana (SOL) have the ability to overtake Ethereum as the leader in the decentralized finance (DeFi) space. In a new episode of The Unchained podcast, Kain Warwick, founder of derivatives liquidity protocol Synthetix, and Kyle Samani, managing partner of crypto-focused investment […] The post Can Binance Smart Chain and Solana Overtake Ethereum? Crypto Heavyweights Analyze the Future of DeFi appeared first on The Daily Hodl.

Can Binance Smart Chain and Solana Overtake Ethereum? Crypto Heavyweights Analyze the Future of DeFi

Solana (SOL) is an open-source project focused on facilitating decentralized app or DApp creation. It makes use of the permissionless nature of blockchains to provide decentralized finance or DeFi solutions.

EXCLUSIVE: Solana Says Scaling As 'One Global State' Sets It Apart From Ethereum, Polkadot, Other Rivals

A popular pseudonymous trader known in the industry as Flood says three altcoins will generate a massive amount of wealth for investors. The analyst tells his 146,000 followers that the three crypto assets to watch are FTX Token (FTT), Solana (SOL) and Nerve Finance (NRV). Over this decade the followers and speculators of @FTX_Official will […] The post Top Trader Says Three Altcoins Will Trigger One of the Largest Wealth Creation Cycles in History appeared first on The Daily Hodl.

Top Trader Says Three Altcoins Will Trigger One of the Largest Wealth Creation Cycles in History

DeFi traders using OpenOcean can now make swaps on Solana-based exchanges.

Exchange Aggregator OpenOcean Enables Trading on Solana Network

Accelerator DeFi Alliance, which has notable mentors including Coinbase, has backed the first Solana-based project — Mercurial Finance. The post DeFi Alliance backs Mercurial Finance, its first Solana project appeared first on The Block.

DeFi Alliance backs Mercurial Finance, its first Solana project

Coinbase is revealing plans to list the native token of scalable blockchain Solana (SOL) on the crypto exchange's professional-level trading platform Coinbase Pro. In a blog post, Coinbase says that the token will be listed sometime during the final seven days of May. SOL deposits on Coinbase Pro have already commenced. “Starting immediately, we will […] The post Coinbase Bump Alert – Top Crypto Exchange Listing One of 2021's Most Explosive Altcoins appeared first on The Daily Hodl.

Coinbase Bump Alert – Top Crypto Exchange Listing One of 2021's Most Explosive Altcoins

The global cryptocurrency market has a 13.6% increase in market capitalization over 24 hours.

Bitcoin, Ethereum Chart Major Recovery But These Cryptos Are Striking The Biggest Gains

Despite the rough crypto markets, trader Lark Davis says six digital assets have the potential to appreciate by ten times or more by the end of the year. Davis kicks off the list with layer-2 decentralized exchange protocol Injective Protocol (INJ) which he argues is currently discounted as its team prepares for launch. “I'm bringing […] The post These Six Crypto Assets Could Rise 10x This Year, Says Trader Lark Davis appeared first on The Daily Hodl.

These Six Crypto Assets Could Rise 10x This Year, Says Trader Lark Davis

The fund will focus on growing the Solana ecosystem in Brazil, India, Russia and Ukraine.

Solana Secures $60M Fund to Drive Growth in Emerging Markets

The funds are each bringing $20 million in investment to boost growth and development for Solana in the Chinese region.

5 New Funds Bring $100M to Boost Growth of the Solana Ecosystem

Burnt Finance, a Solana-based non-fungible token (NFT) minting and auction protocol, has raised $3 million in a seed funding round. The post Solana-based NFT project Burnt Finance raises $3 million in seed funding appeared first on The Block.

Solana-based NFT project Burnt Finance raises $3 million in seed funding

The Austin-based investment firm says its well-positioned to put serious money behind the next wave of innovators and entrepreneurs in crypto.

Multicoin Launches $100M Crypto Fund with Sights Set on Solana DeFi

Polygon

Popular trader and analyst Elliot Wainman is naming two altcoins that he says have a chance to break into the top 10 crypto assets by market cap. In a new video, Wainman addresses the explosion of new transactions on the Polygon (MATIC) platform. MATIC is an Ethereum token that powers the Polygon network, which is […] The post Two Explosive Altcoins Could Enter Top 10 Crypto Assets by Market Cap, Says Trader Elliot Wainman appeared first on The Daily Hodl.

Two Explosive Altcoins Could Enter Top 10 Crypto Assets by Market Cap, Says Trader Elliot Wainman

Ether

Popular pseudonymous crypto trader known as The Crypto Dog is outlining bullish price targets for Ethereum (ETH), Binance Coin (BNB), and another under-the-radar altcoin that he says is primed for rallying. In a new tweet, the trader tells his 409,700 followers that an ascending broadening wedge is forming on ETH with a potential to print […] The post Closely-Followed Trader Maps Out Mega Bullish Price Targets for Ethereum, Binance Coin, and One Overlooked Crypto Asset appeared first on The Daily Hodl.

Closely-Followed Trader Maps Out Mega Bullish Price Targets for Ethereum, Binance Coin, and One Overlooked Crypto Asset

Solana (CRYPTO: SOL) — a cryptocurrency famous for its cheap and fast transactions — is seeing a major upwards price movement after showing strong growth.

Why Is Solana Up 25% Today — And 260% In The Past Month?

Solana went for mere pennies less than a year ago.

Solana Sets New ATH While Rest of Market Stagnates

Dogecoin

Litecoin

A popular crypto analyst is preparing for massive rallies from three large-cap altcoins. Pseudonymous trader Kaleo tells his 182,000 followers that the Bitcoin forks Dogecoin (DOGE) and Litecoin (LTC), along with the smart contract platform and Ethereum rival Solana (SOL) are all set to rally in the short term. Kaleo says he remains convinced that […] The post Analyst Says Dogecoin Has Strongest Chart in Crypto, Predicts Litecoin and Ethereum Rival Solana Poised for Big Rallies appeared first on The Daily Hodl.

Analyst Says Dogecoin Has Strongest Chart in Crypto, Predicts Litecoin and Ethereum Rival Solana Poised for Big Rallies

Bitcoin

A widely-followed crypto strategist and trader believes that Bitcoin, Ethereum and three other cryptocurrencies have more upside potential as they are trading well below their fair value this year. In a new tweet, the analyst known as Flood tells his 118,900 subscribers that Bitcoin (BTC) has an upside potential of nearly 200% from its current […] The post Bitcoin, Ethereum and Three Other Crypto Assets Are Massively Undervalued, Reveals Top Analyst appeared first on The Daily Hodl.

Bitcoin, Ethereum and Three Other Crypto Assets Are Massively Undervalued, Reveals Top Analyst

Aave

Polkadot

Chainlink

Prominent crypto trader and analyst Cantering Clark is keeping a close watch on six crypto assets that he says are poised to ignite strong bullish rallies. In a new tweet, Cantering Clark tells his 46,800 followers that lending and borrowing decentralized finance (DeFi) platform Aave is on his watchlist as it's primed to launch a […] The post These Six Crypto Assets Are Gearing Up To Erupt, According to Analyst Cantering Clark appeared first on The Daily Hodl.

These Six Crypto Assets Are Gearing Up To Erupt, According to Analyst Cantering Clark

The biggest overnight growth spurts came from left-of-mainstream cryptocurrencies.

Ethereum “Killer” Solana Surges 14% on a Slow Market Day

Crypto exchange Binance's users can now lock up their Solana tokens in order to receive staking rewards.

Binance Launches Solana Staking, Offering Yields Up to 43%

A pilot program will create a tokenized ecosystem on the Solana blockchain that lets cannabis companies make payments.

Brave New Coin, Solana to Help Solve Nevada's Cannabis Problem

Solana Foundation, which supports development on the Solana blockchain, is partnering with Coin98 Ventures to give grants to DeFi startups in Southeast Asia.

News for Solana Crypto (SOL)