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

What Happened: High-speed blockchain Solana (CRYPTO: SOL) saw its native token surge by more than 41% to a new all-time high of $64.48 today. Extending a week-long rally that saw its price appreciate by more than 56%, SOL recorded a 472.48% uptick in daily trading volume, which exceeded $3.9 billion at the time of writing.

Ethereum Competitor Solana (SOL) Rallies Over 40% To New All-Time High, Transaction Volumes Top 24B

Solana's (CRYPTO: SOL) price has increased 33.93% over the past 24 hours to $63.15. Over the past week, SOL has experienced an uptick of over 61.0%, moving from $39.27 to its current price.

Solana Pumps 34% And Hits New All Time High

The native token of the Solana blockchain, SOL, surged to a fresh record high above $60 on Monday amid the network's accelerating adoption.

Solana Hits New All-Time High Above $60

Bitcoin

Dogecoin

Ethereum

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CryptoCodex: Ethereum Rival Solana And Dogecoin Are Suddenly Soaring, Walmart Is Shopping For A Bitcoin And Crypto Lead, And Biden's CFTC Chair Pick

The price of SOL hit an all-time high above $63 following the launch of yet another primate-inspired NFT project.

Degenerate Apes NFT Sale Sends Solana to All-Time High

What Happened: Mango Markets, a new decentralized exchange (DEX) powered by the Solana (CRYPTO: SOL) blockchain, has raised $70.5 million in a 24-hour token sale.

Solana's Mango Markets DEX Raises $70M In One Of The Largest DeFi Token Sale

Solana's (CRYPTO: SOL) price has increased 8.05% over the past 24 hours to $43.98. Over the past week, SOL has experienced an uptick of over 14.0%, moving from $38.61 to its current price.

Crypto Day Trading – Solana's Price Increased More Than 8%

Cardano

Terra

Polygon

The host of the popular crypto outlet Coin Bureau is tracking five altcoins he thinks have the most potential for the third quarter of 2021. Addressing his 1.23 million subscribers in a new video, the pseudonymous analyst known as Guy starts his list with Ethereum (ETH). The analyst lists multiple catalysts that could launch Ethereum […] The post These Five Altcoins Have Solid Potential for Q3, According to Coin Bureau appeared first on The Daily Hodl.

These Five Altcoins Have Solid Potential for Q3, According to Coin Bureau

At its height, investors had plowed over $500 million in USDC during the cross-margin trading platform's 24-hour sale.

Solana's Mango Markets DEX Raises $70M in MNGO Token Sale

The funding round was led by Galaxy Digital and Hashed.

Cross-Chain Wallet Liquality Raises $7M; Eyes Solana, Terra Functionality

At launch, the bridge will help assets and messages move between Ethereum, Binance Smart Chain, Terra and Solana.

Solana Launches Cross-Chain 'Wormhole' for Shuttling Assets From Ethereum, BSC

Cosmos

Quick Take This continuing series breaks down some of the latest developments from L1 chains, from DeFi and bridges to network activity and funding Recently, gaming and NFT projects have captured the attention of investors and DeFi users, and these verticals begun to spread from Ethereum to other chains This week, we look at Binance Smart Chain, Solana, Cosmos, and Terra

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

Polkadot

Ethereum, the second-largest cryptocurrency after bitcoin, is soaring as traders pile into the cryptocurrency ahead of a closely-watched upgrade code-named London...

Ethereum Soars Ahead Of Major Upgrade, Boosting Bitcoin And The Price Of BNB, Cardano, Polkadot And Solana

A widely followed crypto analyst and influencer is naming one large-cap crypto asset with the most upside to capture, and is also making predictions for Bitcoin, Solana and Terra. The trader, known as The Crypto Dog, tells his 555,500 Twitter followers that he sees Bitcoin printing a new all-time high within three months. New Bitcoin […] The post Popular Analyst Names Altcoin With Most Upside To Capture, Unveils Forecasts for Bitcoin, Solana and Terra appeared first on The Daily Hodl.

Popular Analyst Names Altcoin With Most Upside To Capture, Unveils Forecasts for Bitcoin, Solana and Terra

Bitcoin and other cryptocurrencies are wrapping the week up strongly, with the total market rising 11.9% in the past seven days but the rally is slowing down.

Bitcoin And Other Top Cryptocurrencies Are Trading Sideways, But Solana Is On The Move

The proof-of-stake cryptocurrency enjoyed a hefty boost during the popular music festival after advertisements for Solana appeared throughout Lollapalooza's opening day.

Solana Enjoys 7% Boost Amid Sponsorship Of Lollapalooza Music Festival 

Sam Bankman-Fried's Alameda Research participated in the startup's $3.5 million funding round.

Hedgehog Is Bringing Prediction Markets to Solana

MintingLab does not require any coding knowledge for minting and managing tokens.

'No-Code' Platform for Token Minting Introduced on Solana

Funding will go toward three main areas including hiring, marketing as well as business and product development.

Solana's Saber Labs Raises $7.7M in Seed Funding Round Led by Race Capital

Celo

Stellar

The World Economic Forum (WEF) is outlining the speeds at which several crypto assets, including Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens, can process transactions. In its recently published community paper, the Swiss-based international organization for public-private cooperation looks at smart contract platform Cardano (ADA) and provides details on the number of transactions it […] The post World Economic Forum Outlines Speed of Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens appeared first on The Daily Hodl.

World Economic Forum Outlines Speed of Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens

The Solana Foundation, Audius and Metaplex are trying to get 1,000 creators to start building on Web 3.

Solana Woos Creators With $5M Fund for Artists and Musicians

The cloud division of IEX — made famous by Michael Lewis's 2014 book "Flash Boys" — is jumping into DeFi with Solana-based data project Pyth. The post ‘Flash Boys' exchange IEX dives into DeFi through Solana-based data project appeared first on The Block.

‘Flash Boys' exchange IEX dives into DeFi through Solana-based data project

Three factors have propelled Solana: technology, products and partnerships, plus the "SBF factor." Could these help it take on Ethereum?

Is It Time to Take Solana Seriously? Latest 'Ethereum Killer' May Be the Real Deal

The network is now among 20 or so supported by Bison Trails' “Query & Transact” product.

Coinbase's Bison Trails Adds Developer Tooling for Solana Blockchain

Founded in 2017, Solana is a high throughput, low latency, mixed Proof of History (POH) / Proof of Stake (POS) based smart contract blockchain platform. It claims to provide up to 50,000 transactions per second (TPS) and 400 ms block time latency.

News for Solana Crypto (SOL)