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 (CRYPTO: SOL) broke a new all-time high, overtaking Cardano (CRYPTO: ADA) and Tether's USDT stablecoin to become the fourth highest ranked cryptocurrency by market cap.

New All-Time High: Solana Becomes The Fourth Top Crypto After Overtaking Cardano

Solana set another all-time high this weekend.

Solana Hits All-Time High of $260

Cardano

Avalanche

Terra

Macro guru Raoul Pal says Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Terra (LUNA) will be super explosive this bull cycle, but with one catch. In a new interview on Real Vision with Ash Bennington, Pal says he's open to the possibility that Ethereum goes through an extended bull cycle that lasts close to June […] The post Raoul Pal Says Cardano, Solana, and Two Additional Ethereum Rivals Will Be ‘Super Explosive' This Cycle – But There's a Catch appeared first on The Daily Hodl.

Raoul Pal Says Cardano, Solana, and Two Additional Ethereum Rivals Will Be ‘Super Explosive' This Cycle – But There's a Catch

Bitcoin

Polkadot

Ethereum

It's been a relatively slow news cycle for Bitcoin this week.

This Week in Coins: Bitcoin Cools Off While Solana, Polkadot and Ethereum Rally to All-Time Highs

Bitcoin and cryptocurrency prices have rocketed over the last month, with the combined crypto market surging towards $3 trillion.

‘Trillions Of Dollars'—Bitcoin Braced For A Massive Earthquake As The Price Of Ethereum, Binance's BNB, Solana, Cardano And XRP Soar

Should You Buy Bitcoin? What the Volume Levels and RSI Indicator Tells Us On today's episode of Crypto Daily, Benzinga's Blockchain Editor Joe Dewitt looks at market sentiment for Bitcoin.

What The Indicators Show For Bitcoin; Watch Out For Solana — Benzinga Crypto Daily November 5, 2021

A popular crypto strategist sees significant rallies ahead for Solana (SOL), Chiliz (CHZ) and a low-cap gaming project as the metaverse heats up. The pseudonymous trader SmartContracter tells his 178,600 Twitter followers that he firmly believes SOL will reach $900 this cycle, which would represent a 275% increase from its current value of $233. The […] The post Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum appeared first on The Daily Hodl.

Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum

Quick Take Aurory is a play-to-earn game with ‘pets,' known as Nefties. The default human character in the game, also known as Sam, an Aurorian. You can then change the character's skin once you own an Aurorian NFT.  Players will be given free Nefties in the player versus environment (PvE) to help them get started. However, the free Nefties are not transferable or sellable. The Aurory team plans to release the game's private alpha in Q4 2021 and open beta in Q1 2022. The project has raised over $113 million through its seed rounds, token sales and NFT sales. 

Aurory: Solana's First Role-Playing Game

A panel of 50 experts has arrived at a long-term price target of $5,000 for popular altcoin Solana (CRYPTO: SOL).

Why Experts Predict $5,000 Solana By 2030: Report

The partners will co-invest in Solana crypto gaming projects, starting with Faraway and Mini Royale: Nations.

FTX, Solana Ventures, Lightspeed Pledge $100M Towards Crypto Gaming

Solana Ventures, Lightspeed, and FTX have announced a $100 million fund to invest in startups focused on building blockchain gaming studios. The post Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund appeared first on The Block.

Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund

The initiative is one of the largest capital investments ever in the growing Web3 gaming space.

FTX, Lightspeed, Solana Ventures to Invest $100M in Web3 Gaming

Faraway will use the funding to launch a first-person shooter browser-based blockchain game called Mini Royale: Nations on Solana. The post Faraway nets $21 million funding to build browser-based blockchain games on Solana appeared first on The Block.

Faraway nets $21 million funding to build browser-based blockchain games on Solana

Ethereum (CRYPTO: ETH) has soared over 500% so far this year buoyed by Decentralized Finance or DeFi, smart contracts, and non fungible tokens or NFTs, but similar traction has been seen in Cardano (CRYPTO: ADA) and Sol

Ethereum Vs. Polkadot Vs. Cardano Vs. Solana: Which Blockchain Platform's Crypto Is Winning Out This Year?

Cosmos

A prominent crypto trader says that he's identified the final level Bitcoin (BTC) needs to hurdle before sparking a massive rally. Inmortal tells his Telegram subscribers that the $64,000 level is Bitcoin's “final boss” before it expands and never looks back. However, he says the top crypto could dip before pushing past its final foe. […] The post Popular Crypto Strategist Inmortal Identifies Bitcoin's ‘Final Boss,' Gives Altcoin Update appeared first on The Daily Hodl.

Popular Crypto Strategist Inmortal Identifies Bitcoin's ‘Final Boss,' Gives Altcoin Update

Solana (CRYPTO: SOL) rallied to a new all-time high of $247 on Thursday to become the fourth-largest cryptocurrency by market cap.

Solana Hits New All-Time High Of $247, Up 15,000% Year-To-Date

At the end of October, the product comparison website finder.com published new survey data about price predictions concerning the leading crypto asset ethereum. On November 1, Finder's researchers published price predictions for the ethereum competitor solana, as Finder's panelists predict the digital asset is expected to reach $235 by the year's end and $1,178 by […]

Finder's Experts Expect Solana to Surpass $1,100 by 2025, Over $5K by 2030

Solana (SOL) is now the fourth-most popular blockchain in terms of non-fungible token (NFT) sales volume. According to data aggregator CryptoSlam, Solana's NFT sales are the fourth-largest by volume. Leading the pack is Ethereum, followed by Ronin (a sidechain developed for the Axie Infinity play-to-earn game) and Worldwide Asset eXchange (WAX). At time of writing, […] The post Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano appeared first on The Daily Hodl.

Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano

Mini Royale: Nations is Solana's first live online multiplayer game, and Lightspeed, FTX, and Andreessen are among its backers.

Faraway Raises $30M for Solana-Based NFT Browser Games

Aleph.im announced Serum Markets, which promises more data for the Solana DeFi ecosystem.

More DeFi Analytics Are Coming to Solana via Serum Markets

Solana's sol token has risen more than 15,000% this year. What fueled these impressive gains?

Solana Prices Have Climbed More Than 15,000% This Year

ETH, SOL and DOT are currently pushing to fresh peaks as the wider market sets another all-time record.

Ethereum, Solana, Polkadot Set All-Time Highs as Crypto Market Tops $2.9 Trillion

The nascent company named Syndica raised $8 million in seed capital to build “the cloud of Web 3.0.”

Chamath Palihapitiya's Social Capital Co-Leads Investment In Solana-Based Startup

Solana (CRYPTO: SOL) touched a new all-time high of $227.42 on Tuesday night, emerging as the fifth-largest cryptocurrency by market cap, as per CoinMarketCap data.

'Ethereum Killer' Solana Crypto's Price Hits All-Time High, Flips Cardano As Fifth-Largest Coin

The duo is tapping metaverse studio Looks Rare to turn real-life art into NFTs – live from Red Rocks.

News for Solana Crypto (SOL)