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

Crypto asset management firm Osprey Funds has launched the Solana trust product for private placement. The post Crypto asset manager Osprey Funds launches Solana trust product appeared first on The Block.

Crypto asset manager Osprey Funds launches Solana trust product

Solana's sol token has experienced some very impressing gains this year, climbing from $1.61 on January 1 to more than $200 recently. Solana claims to have the fastest blockchain in crypto. Will this network live up to the hype?

Why Solana Prices Have Skyrocketed More Than 13,000% Year-To-Date

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency's market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana's crypto market capitalization has managed to surpass XRP's overall valuation, taking the sixth position in the top ten this week. […]

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

September 9, 2021 – Tortola, British Virgin Islands Gamified decentralized finance platform DeFi Land has completed its first round of investing valued at $4.1 million. Several dozen investors allocated capital to this project in recent weeks. The concept of gamifying investment action can make DeFi much more appealing and accessible. DeFi Land is a multi-chain […] The post DeFi Land Completes $4.1 Million Round To Launch Gamified Decentralized Finance Game on Solana appeared first on The Daily Hodl.

DeFi Land Completes $4.1 Million Round To Launch Gamified Decentralized Finance Game on Solana

Cardano

Wall Street giant JPMorgan, which has correctly called at least one crypto market sell-off already this year, has warned over "froth and retail investor mania" currently coursing through the crypto market...

JPMorgan Issued A Stark Warning Over The Price Of Solana, Binance's BNB And Cardano As The Ethereum Rivals Roar Back

Bitcoin

Dogecoin

Ethereum

Bitcoin (CRYPTO: BTC) and other major cryptocurrencies traded lower at press time but some altcoins remained buoyant as the global cryptocurrency market cap rose 0.2% to $2.19 trillion on Wednesday night.

Bitcoin, Ethereum, Dogecoin Remain In Red Amid Wide Regulatory Woes But There Is No Stopping Solana And These Coins

Solana is on a tear. The little-known cryptocurrency has only been around for a year-and-a-half, but it's already a top 10 coin.

This cryptocurrency has surged 300% in a month and is now the world's seventh-biggest coin

Solana (SOL) just hit an all-time high price after the comedian and TV host changed his Twitter profile picture. Coincidence?

Steve Harvey Is the New Face of Solana's NFT Boom

Crypto trader Lark Davis says five fundamental factors are fueling the meteoric rise of the smart contracts platform Solana (SOL). In a new video, Davis tells his 427,000 YouTube subscribers that SOL is exploding because developers are actually building on its blockchain. “Builders are actually showing up… You got to have stuff built on your […] The post Here Are Five Reasons Why Solana Is Skyrocketing, According to Crypto Trader Lark Davis appeared first on The Daily Hodl.

Here Are Five Reasons Why Solana Is Skyrocketing, According to Crypto Trader Lark Davis

Lido, a liquid staking protocol which currently supports Ethereum 2.0 and Terra blockchains, has expanded to Solana. The post Liquid staking protocol Lido now supports Solana's SOL token appeared first on The Block.

Liquid staking protocol Lido now supports Solana's SOL token

Solana (CRYPTO: SOL) is now the sixth-largest crypto based on market cap after a long period of staggering growth.

Solana Joins The Crypto Olympus As Adoption Grows

Polkadot

Institutional players in the crypto markets appear to be rotating capital back to Bitcoin (BTC) after altcoins stole the spotlight in August. According to data analysis from crypto asset management firm CoinShares, Bitcoin saw inflows totaling $59 million in the week ending September 3rd, painting a changing picture of investor sentiment as the previous eight […] The post Bitcoin Overtakes Etheruem, Solana, Cardano, XRP and Polkadot in Institutional Inflows As Market Volatility Heats Up: CoinShares appeared first on The Daily Hodl.

Bitcoin Overtakes Etheruem, Solana, Cardano, XRP and Polkadot in Institutional Inflows As Market Volatility Heats Up: CoinShares

Solana (CRYPTO: SOL), often described as an Ethereum (CRYPTO: ETH) killer, continues to rally despite major cryptocurrencies taking a beating on Tuesday.

How Is 'Ethereum Killer' Solana Bucking The Crypto Crash That Has Proven Brutal For All Other Major Cryptocurrencies?

September 7, 2021 – Singapore, Singapore Solana based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising launchpad, accelerator, and developer tools. Designed to be the de-facto fundraising and developer platform for projects building on Solana, SolRazr aims to support the growth of decentralized finance (DeFi) on the high-performance […] The post SolRazr Raises $1.5 Million To Build First Decentralized Developer Ecosystem for Solana Blockchain appeared first on The Daily Hodl.

SolRazr Raises $1.5 Million To Build First Decentralized Developer Ecosystem for Solana Blockchain

While most of the market reels from this morning's sudden downturn, SOL has jumped up another spot in the Top 10.

Solana Flips XRP as Rising Coin Outpaces Bitcoin, Ethereum Crash Recovery

Over the past 24 hours, Solana's (CRYPTO: SOL) price has risen 25.63% to $181.66. This continues its positive trend over the past week where it has experienced a 44.0% gain, moving from $126.22 to its current price.

Cryptocurrency Solana's Price Increased More Than 25% Within 24 hours

Bitcoin's market share is sitting at "uncomfortably low" levels—a historical sign of market frothiness, JPMorgan analysts warned Monday.

Solana Leads Massive Altcoin Rally As JPMorgan Warns Crypto Markets Are Looking Bubbly Again

Some people are starting to call this season "Solana Summer."

Solana Hits All-Time High as Coin Rises 14% in 24H

September 6, 2021 – Tortola, British Virgin Islands Cyclos, a new Solana-based DeFi project, has raised a total $2.1 million combined from a private and a public round. The funding will be used to create the first concentrated liquidity automated market maker on Solana, which will enable a host of features never seen before in […] The post Cyclos Raises $2.1 Million To Build Concentrated Liquidity AMM on Solana appeared first on The Daily Hodl.

Cyclos Raises $2.1 Million To Build Concentrated Liquidity AMM on Solana

With El Salvador gearing up to adopt bitcoin as legal tender along side the U.S. dollar this week, social media users coordinating bitcoin purchases to coincide with the $30 worth of bitcoin that's being distributed to all Salvadorans...

Bitcoin Braced For A 3.3 Million-Strong Global Earthquake This Week As The Price Of Ethereum, Cardano, BNB, XRP, Solana And Dogecoin Soar

Pseudonymous cryptocurrency trader Smart Contracter says one red-hot altcoin is poised to continue its meteoric ascent and become the fourth-largest crypto asset by market cap. Smart Contracter, who correctly predicted Bitcoin's bottom in 2018, tells his 161,000 Twitter followers that Solana's market capitalization is destined to exceed that of Binance Coin (BNB). Currently, the fourth-placed […] The post Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin appeared first on The Daily Hodl.

Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

Comparing the crypto adoption curve to other technology, Yakovenko said, "We're maybe at the phase where email started working on the internet."

Solana CEO Anatoly Yakovenko: Here's Why We're Not in a Crypto Bubble

Cosmos

Avalanche

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 Liquidity and building incentives have recently enabled some L1 ecosystems to attract DeFi developers and users, alongside surging interest in NFTs This week, we look at Avalanche, Solana, Binance Smart Chain, Cosmos, and Terra

Layer by Layer Week 5: An Update on Avalanche, Solana, Binance Smart Chain, Cosmos, and Terra

Solana's (CRYPTO: SOL) price has increased 10.69% over the past 24 hours to $140.75. Over the past week, SOL has experienced an uptick of over 64.0%, moving from $85.96 to its current price.

Solana's Price Increased 64% This Week

Growing buzz around blockchain-based smart contracts has fueled massive gains in cryptocurrencies like sol, ether and Cardano's ada.

News for Solana Crypto (SOL)