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

The total market supply of PayPal's PYUSD stablecoin surpassed half a billion tokens, according to DeFiLlama.

PayPal's stablecoin surpasses $500 million market cap following Solana expansion

Ethereum

Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on "modular" networks to handle Ethereum's myriad components and functions.

Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana

Exchange operator Cboe Global Markets Inc. (BATS:CBOE) has submitted a request to the SEC to list Solana (CRYPTO: SOL) spot exchange-traded funds applied by VanEck and 21Shares. What Happened: The exchange submitted a 19b-4 application with the regulator, according to a Reuters report Monday.

Solana Jumps 5.5% As Cboe Files Application With SEC To List VanEck, 21Shares Spot ETFs

Jump Crypto, in collaboration with security platform Immunefi, launched a bug bounty program offering developers who uncover vulnerabilities in Solana's new high-performance validator client.

Jump Crypto Offers $1 Million Bug Bounty for Solana's Firedancer Validator Client

Like Hulk Hogan, 50 Cent and Metallica before her, the rap superstar's name is being used to pump a token.

Doja Cat's Twitter Account Hacked to Shill Solana Meme Coin

A closely followed crypto strategist believes that the current market correction is setting up Ethereum (ETH) for a parabolic surge at the end of the year. Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will likely consolidate between $4,000 and $2,800 in the coming months.

Analyst Predicts Parabolic Rally for Ethereum After Correction, Updates Outlook on Solana and FLOKI

The Chicago Board Options Exchange (Cboe) has officially asked the SEC to let asset managers VanEck and 21Shares bring a Solana-based exchange-traded fund (ETF) to the market.

VanEck, 21Shares Solana ETF Plan Confirmed in Cboe Filing

Exchange operator CBOE Global Markets filed a request with the U.S. Securities and Exchange Commission on Monday seeking to list exchange-traded funds (ETFs) tied to cryptocurrency Solana, requiring the agency to make a decision by March.

CBOE files for SEC approval to list Solana ETFs, starts clock for required decision

Cboe BZX filed forms for proposed Solana ETFs from VanEck and 21Shares as both firms look to launch what would be a first of its kind product.

Cboe BZX files forms for Solana ETFs by 21 Shares and VanEck as process to obtain regulatory approval trudges on

A crypto investment firm says it's looking to double the impact of digital asset donations made to help finance the campaigns of pro-crypto candidates. Multicoin Capital co-founder Tushar Jain says on the social media platform X that the firm is backing the Sentinel Action Fund, a conservative super political action committee (PAC) advancing pro-crypto candidates.

Crypto Investment Firm Multicoin Capital To Match Up to $1,000,000 in SOL Donations for Pro-Crypto Candidates

Mysterious post from Lionel Messi's massively popular Instagram account appears to strangely promote a Solana memecoin.

Lionel Messi's Instagram account oddly posts Solana memecoin promo

Bitcoin

Bitcoin (CRYPTO: BTC) saw strong institutional inflows last week, despite a recent price slum dragging its price below $60,000. What Happened: According to a Monday CoinShares report, digital asset investment products experienced inflows totaling $441 million.

What's Going On With Bitcoin, Ethereum, Solana Asset Flows? Price Declines Due To Mt.

The long-awaited independent validator client for Solana, built by Jump Crypto and implemented in C/C++, appears to be in its final stages.

$1 million bug bounty program for ‘Firedancer' Solana client to begin July 10

‘Terrifying' Crypto Crash Triggers ‘Extreme Fear' Panic After $2 Trillion Bitcoin, Ethereum, XRP, And Solana Price Wipe Out

One Solana-based (SOL) meme asset is defying market doldrums and rallying after being listed on numerous crypto exchange platforms. New data reveals that Billy (BILLY), a dog-themed memecoin built over Solana, has jumped over 30% during the last 24 hours after multiple crypto exchange platforms added support for it.

Solana-Based Memecoin Defies Market Downturn, Jumps Over 30% in 24 Hours Amid Listing on Multiple Exchanges

In a bid to support pro-crypto candidates in the upcoming U.S. Senate elections, crypto investment firm Multicoin Capital announced Friday it will match donations made in Solana (CRYPTO: SOL) tokens to the Sentinel Action Fund up to $1 million over the next 10 days. “Over the next 10 days, Multicoin Capital will match all SOL donations to Sentinel Action Fund up to $1 million in value,” Multicoin Capital partner Kyle Samani said.

Multicoin Capital Announces $1M Match For Pro-Crypto Senate Candidates In Solana Donations

The ten-day campaign will raise funds for a political action committee focused on the U.S. Senate.

Multicoin to Match Up to $1 Million in Solana Donations to Pro-Crypto Candidates

Crypto investment firm Multicoin Capital is pledging up to $1 million as part of an effort to back pro-crypto Republican lawmakers.

Investment firm Multicoin Capital promises to match SOL up to $1 million to back crypto friendly candidates

Dogecoin

Traders previously warned of the bearish market reaction to Mt. Gox's bitcoin repayments.

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge

A closely followed crypto strategist and trader is revealing his price targets for Bitcoin (BTC) and two altcoin projects. In a new strategy session, analyst Jason Pizzino tells his 329,000 YouTube subscribers that based on the average true range (ATR) indicator Bitcoin could soon break through key price target resistance levels.

Here Are Price Targets for Bitcoin, Solana, and Render, According to Analyst Jason Pizzino

A closely followed crypto strategist believes that one Ethereum (ETH) rival is in an uptrend after retesting the $120 range last week. Pseudonymous analyst Altcoin Sherpa tells his 217,700 followers on the social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support.

Trader Says Top Ethereum Rival Primed To Go Higher, Updates Outlook on Bitcoin and One Blue-Chip Altcoin

Federal Reserve chair Jerome Powell has warned of a "critical period" for the Fed, calling deficit levels "unsustainable"

Fed's ‘Critical' Warning Sparks Serious $50,000 Bitcoin Price Crash Alert As $200 Billion Is Wiped From Ethereum, XRP, Solana And Crypto

dogwifhat

The team behind the crowdfunding campaign that raised nearly $700,000 in March to feature the mascot of Solana memecoin Dogwifhat (WIF) on the Las Vegas Sphere.

Team Behind Solana Memecoin Dogwifhat Las Vegas Sphere Campaign Address Delay

A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were mistakenly sent to his crypto wallet. After the influencer revealed the incident, well-wishers in the crypto community, impressed by the student's honesty, began sending tips to his crypto wallet.

Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty

Matthew Sigel, the head of digital assets research at investment giant VanEck, has confirmed that his firm's Solana (SOL) exchange-traded fund (ETF) filing is a bet on Donald Trump winning the presidency.

News for Solana Crypto (SOL)