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's sol token appreciated today. What pushed the digital asset's price higher? Analysts weigh in.

Solana Bounces Back As Digital Asset Leads Major Cryptocurrencies Higher

Bitcoin

Shiba Inu

Bitcoin is currently trading at around $58,000 per coin, while SOL and SHIB are seeing double digit daily gains.

Bitcoin Bounces at $55K as Solana, SHIB Lead Crypto Market Recovery

Solana Labs CEO Anatoly Yakovenko downplayed Solana's 17-hour downtime, likening it to a 17-hour wait between blocks. The post Solana Labs CEO: It ‘doesn't really matter' if the network goes down again appeared first on The Block.

Solana Labs CEO: It ‘doesn't really matter' if the network goes down again

Cardano

Ethereum

“The price action on Bitcoin continues to look weak. BTC has been failing around it's all time high and has met decent selling pressure in the 65000-70000 zone," This is coming at a time when the macro backdrop has also started to deteriorate given the rising inflation.

Watch This Key Level As The Price Of Bitcoin, Ethereum, BNB, Cardano, Solana, And XRP Continue To Tank

Sino Global Capital, SkyVision Capital, and Blockwall Capital led the round.

Solana DeFi Futures Protocol Cypher Raises $2.1 Million Seed Round

Solana has had a breakout year. So it's fitting that the Solana Foundation named their first major gathering Breakpoint.

Solana Spotlights Rising DeFi Star Hubble Protocol At Breakpoint Lisbon

The protocol wants to become an influential outpost for pre-launch price discovery.

Cypher Raises $2.1M for Traditional Futures Market on Solana

Crypto futures exchange FTX and crypto investment firm Paradigm led the raise, which included a number of prominent venture capital firms.

Solana-Based Sports Betting Protocol BetDex Closes $21M Seed Funding Round

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

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:

News for Solana Crypto (SOL)