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

Bitcoin Cash

Bitcoin Cash (CRYPTO: BCH) and Solana (CRYPTO: SOL) are seeing strength during Monday's session. Shares of several popular altcoins trading higher amid broader strength in cryptocurrencies.

Why Bitcoin Cash (BCH) And Solana (SOL) Are Seeing Blue Skies

Solana (SOL) is trading at a high of $18.84. The cryptocurrency value is rising again as it leaves the negative trend area.

Solana Trades Above $18 As Sellers Signal A Return To The Downtrend

Ethereum

An investor who correctly called the 2022 crypto bottom says that Ethereum (ETH) and Solana (SOL) are ahead of the curve when it comes to pulling in more users.

Investor Who Called Crypto Bottom Says Other Projects ‘Less Explosive' Than Ethereum (ETH) and Solana (SOL)

Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nearly 10% drop on Friday. Polygon was another notable mover, as price rose by nearly 7% on Saturday.

Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend

Cardano

Bitcoin

Widely followed analyst and trader Jason Pizzino is mapping out the path forward for three large-cap crypto assets. Starting with Bitcoin (BTC), Pizzino tells his 282,000 YouTube subscribers in a new video that the flagship crypto asset is unlikely to retrace to the low of November 2022.

Top Crypto Analyst Updates Outlook on Bitcoin (BTC), Solana (SOL) and Cardano (ADA) – Here Are His Targets

Polygon

Polygon fell to its lowest point since January earlier in today's session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low.

Biggest Movers: MATIC, SOL Fall to Lowest Point Since January

Avalanche

Crypto whitehat hackers identified Ethereum as their preferred blockchain, followed by Solana, Avalanche and Cosmos, while Tezos spiked.

Whitehat hackers focus on Ethereum, Solana and Avalanche: Immunefi

Bitcoin dumped Thursday on the back of multiple catalysts that contributed to selling pressure.

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

The team behind Solana-based Exchange.Art is tapping into generative art through its new marketplace, courting creators native to Ethereum and Tezos.

Generative Art NFTs Are Coming to Solana With Code Canvas

The Blur model for incentivizing NFT sales is apparently paying off for Tensor, which announced a $3M funding round today.

Like a Blur: Tensor Plans Massive Airdrop for Solana NFT Traders

Real Vision CEO Raoul Pal thinks investors should view crypto projects like digital nation-states rather than assets or tech advancements. The former Goldman Sachs executive says in a new blog post that crypto ecosystems are networks that produce intrinsic and extrinsic value.

Macro Guru Raoul Pal Picks ‘Perfect Setup' for Crypto Markets, Updates Ethereum, XRP and Solana Outlook

Tensor, which brands itself as "the Blur of Solana," raised $3 million in a seed funding round.

Tensor — the ‘Blur of Solana' — raises $3 million in seed funding

Another popular project leaves the blockchain once called the "Ethereum killer."

Blockasset Athlete NFTs Drop Solana for Chiliz Sports Platform

More than 40 athletes offer NFTs via Blockasset, including soccer star Wayne Rooney, the NHL's Alex Ovechkin, and the UFC's Jorge Masvidal.

Blockasset Athlete NFTs Expand Beyond Solana to Chiliz Sports Platform

Several huge crypto wallets have simultaneously sent millions of dollars worth of Solana (SOL) to Coinbase in a flurry of transactions. The series of whale transfers was initially detected by blockchain tracker and analytics tool Whale Alert.

$61,779,976 in Solana Abruptly Sent to Coinbase in Series of Massive Crypto Transfers

Solana (SOL) has strayed below the moving average lines despite a sideways trend.

Solana Revisits $20 Low, But Could Rise Further

Shiba Inu

While cryptocurrencies are no stranger to sudden market movements and volatility, the latest market shake-up has left many in the industry reeling. A large red bar appeared on trading charts of major cryptocurrencies on Friday, with their values plummeting by hundreds of millions of dollars within hours.

Bitcoin, Ethereum, Solana And Shiba Inu Drop: Major Reasons For Growing Fear In Crypto

A Solana cofounder said last week's 1.14 network update has raised concerns about maintaining stability during major updates.

Solana Will Improve Network Upgrades to Improve Stability

The 3D gaming tech company is highlighting Web3 tools for its massive game developer community.

Game Engine Unity Adds Verified Web3 Toolbox for MetaMask, Solana, Dapper Labs

The leading platform for game developers introduces an online storefront for decentralized tools, adding support for major Web3 players.

Gaming Engine Unity Taps MetaMask, Immutable X and Solana for Web3 Developer Tools

Following the initial incident on Feb. 25, Solana resolved the blockchain's performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

Arbitrageurs are eating up precious blockspace with pointless transactions, according to Jito Labs.

Solana's Spam Problems Persist Despite Tech Improvements, MEV Researchers Say

"Solana is like a lifestyle-friendly blockchain because you can have nights and weekends off," one disgruntled Twitter user said.

Solana Still Doesn't Know Why It's Suffered Yet Another Outage

The idea, the company says, is to give better access to wealth-building via real estate on-chain. 

Tokenized Texan house listed for sale on Solana

The top US crypto exchange Coinbase says Solana (SOL) is poised to become one of the strongest layer-1 blockchain projects. New Coinbase analysis says Solana is likely going to emerge as one of the top Ethereum (ETH) rivals among the multiple layer-1 blockchains fiercely competing against each other for capital and users.

News for Solana Crypto (SOL)