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

‘Dark horse' Solana is backed to outpace Ethereum with Finder's expert panel predicting SOL closing 2021 at $235.  Solana (SOL), destined to end the year at $235 on average (1) before skyrocketing to $1,178 by the end of 2025. Finder's panel of 50 fintech specialists predict SOL's ‘technical architecture' will give it an edge over ETH. […] The post ‘Dark Horse' Solana Backed To Outpace Ethereum – Finder's Expert Panel Predicts SOL Closing 2021 at $235 appeared first on The Daily Hodl.

‘Dark Horse' Solana Backed To Outpace Ethereum – Finder's Expert Panel Predicts SOL Closing 2021 at $235

The president of payments giant Stripe says the firm is open to the possibility of integrating crypto into its platform. Three years after abandoning support for Bitcoin (BTC) due to volatility concerns, Stripe co-founder and president John Collison tells CNBC in a new interview that the industry titan is reconsidering its stance on crypto. “One […] The post Payments Giant Stripe Open to Launching Crypto Support, Highlights Potential of Solana and Lightning Network appeared first on The Daily Hodl.

Payments Giant Stripe Open to Launching Crypto Support, Highlights Potential of Solana and Lightning Network

Avocado Guild, a blockchain gaming startup similar to a16-z backed Yield Guild Games, has raised $18 million. The post Blockchain gaming guild Avocado raises $18 million from Solana Ventures and others appeared first on The Block.

Blockchain gaming guild Avocado raises $18 million from Solana Ventures and others

Real Vision chief executive Raoul Pal thinks one smart contract platform stands out in the race to compete with Ethereum (ETH). Pal says in a new interview with Hedgeye CEO Keith McCullough that Solana (SOL) has “provable” network effects. He notes that SOL's chart is a “perfect match” against ETH's 2017 chart. “It's being used […] The post This Ethereum Challenger Will Be the Next Horse in the Cycle, According to Macro Guru Raoul Pal appeared first on The Daily Hodl.

This Ethereum Challenger Will Be the Next Horse in the Cycle, According to Macro Guru Raoul Pal

Solana (CRYPTO: SOL) is now the most staked asset, according to data from Staking Rewards.

Solana Becomes Top Crypto Asset For Passive Income With $84B In Staked Value

Bitcoin

Ethereum

Leading digital asset manager CoinShares says institutional investors are taking the opportunity to buy the dip on Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). According to the firm, Bitcoin's 12% dip amid the overall crypto market correction has not dampened investor sentiment. “Digital asset investment products saw inflows totaling US$154m last week, with the most […] The post Unfazed by Correction, Institutional Investors Pour Money Into Bitcoin, Ethereum and Solana: CoinShares appeared first on The Daily Hodl.

Unfazed by Correction, Institutional Investors Pour Money Into Bitcoin, Ethereum and Solana: CoinShares

Solana's (CRYPTO: SOL) price has increased 3.75% over the past 24 hours to $221.1, which is in the opposite direction of its trend over the past week, where it has experienced a 8.0% loss, moving from $242.22 to its current price. As it stands right now, the coin's all-time high is $259.96.

Cryptocurrency Solana Up More Than 3% In 24 hours

The leader of the third biggest cryptocurrency exchange had a debate on Twitter Inc (NYSE: TWTR) after being called out over valuation of a coin. That led to several bets on price and a massive all-in callout on the coin on Jan. 9 of this year.

FTX Founder Sam Bankman-Fried May Have Had One Of The Best 2021 Crypto Callouts: How Much Solana Is Up Since Tweet

Avalanche

Polkadot

Terra

Macro guru Raoul Pal says he remains very bullish on Bitcoin, Ethereum and four large-cap altcoins as crypto continues to see adoption on a global scale.  In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the […] The post Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal appeared first on The Daily Hodl.

Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal

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

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

“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.

News for Solana Crypto (SOL)