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

Rune Christensen, the co-founder of MakerDAO, has unveiled a proposal that could reshape the future of the decentralized finance (DeFi) project.

MakerDAO Co-Founder Christensen Suggests Solana-Based Native Chain For “Endgame”

Ethereum

MakerDAO's co-founder Rune Christensen has said that Solana is a “better fit” as the basis for MakerDAO's new blockchain.

‘Ethereum Is Awesome', Says Solana Co-Founder Amid Planned MakerDAO Migration

MakerDAO co-founder Rune Christensen is proposing that Maker (MKR) launch its own native blockchain based on the Solana (SOL) codebase. Writing in a new blog post, Christensen reveals plans for the fifth phase of “Endgame,” the long-term roadmap for Maker that was originally laid out in May of 2022.

MakerDAO and DAI Creator Proposes New Native Chain Based on Solana (SOL) Fork

Solana co-creator Anatoly Yakovenko says that SOL tokens sitting in the reserves of FTX should be redistributed to the bankrupt crypto exchange's former customers.

Solana Co-Founder Anatoly Yakovenko Says FTX's SOL Tokens Should Be Distributed to Ex-Customers

Vitalik Buterin, co-founder of Ethereum (CRYPTO: ETH), has offloaded his entire MakerDAO (CRYPTO: MKR) token holdings. What Happened: The move closely follows news from MakerDAO's top brass about a potential pivot towards the Solana (CRYPTO: SOL) blockchain.

Ethereum Co-founder Buterin Exits MakerDAO Position Amid CEO's Vision For Solana Integration

A venture capitalist who correctly called the 2022 crypto bottom says that one Ethereum (ETH) rival appears primed to outperform the leading smart contract platform.

Solana (SOL) Ready to Outperform Ethereum (ETH) in Next Market Expansion, According to Chris Burniske

The move comes one day after MakerDAO's CEO publicly floated developing the project's NewChain on Solana or Cosmos

Vitalik sells MakerDAO stake after CEO Christensen suggests Solana-based blockchain

Cardano

Bitcoin

Dogecoin

China has Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price Now, It's a

Crypto Suddenly Braced For A Game-Changing China Earthquake That Could Hit The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Toncoin Price

FTX's new management is starting to move its holdings around. Amid fears of an impending dump, a Solana co-founder has an idea.

Solana Co-Founder Says FTX's SOL Should Be Distributed to Customers

The final phase of plan will be the "complete reimplementation" of the Maker Protocol in addition to building on a new blockchain.

MakerDAO announces final phase of ‘Endgame,' highlights Solana codebase

Some community members have already pushed back against the idea.

MakerDAO Should Use Solana's Code to Build Its New Blockchain, Co-Founder Says

A widely followed crypto analyst says that Solana (SOL) has enormous upside potential in the next bull cycle. In a new video update, Coin Bureau host Guy Turner says that Solana could go on a huge rally as other digital asset projects compete against SOL in the crypto space.

Solana Could Have Serious Potential in Next Bull Market, According to Coin Bureau's Guy Turner – Here's Why

Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts.

Bitcoin Slides Under $26K, Majors SOL, XRP, DOGE Erase All Weekly Gains

Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday's session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $20.

Biggest Movers: DOGE Remains Near 2-Week High, SOL Nears Move Below $20

BitcoinBTC and cryptocurrencies have been buffeted by surprise headwinds over the last few weeks (with a leak suggesting Elon Musk could be about to cause crypto price chaos).

‘September Is Going To Be Crazy'—A New Secret Binance Filing Could Be About To Rock The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin And Solana Price

Polkadot

The CoinDesk Market Index, a weighted index of over 100 tokens, fell 0.71% in the past 24 hours, suggesting profit-taking across the board.

Bitcoin Starts to Retrace Grayscale-Fueled Gain; SOL, XRP, DOT Lead Majors Slide

A closely followed crypto strategist says that besides Bitcoin (BTC) and Ethereum (ETH), there are only three other projects he's bullish on. The pseudonymous analyst known as The Flow Horse, also known as Cantering Clark, tells his 181,700 followers on the social media platform X that ETH-rival Solana (SOL) has big upside potential.

Top Trader Says He's Only Bullish on Solana and Two Other Crypto Assets Besides Bitcoin and Ethereum

TVL continues to sink, while some projects announce airdrops and incentivized testnets. Read on to find out more DeFi news and alpha!

The Week in DeFi: Holesky Testnet Launch, Balancer Security Vulnerability, and Solana Pay x Shopify

Solana-based automation project Clockwork's developers are moving on from the venture-backed startup after finding it had “limited commercial upside.”

Solana-based Automation Startup Clockwork to Shut Down

Cryptocurrency price analysis brought by Coinidol.com. The price of Solana (SOL) has moved in a range after falling on August 17.

Solana Will Fall Further As Rejection At $21 Looms

Solana continued to trade higher during Tuesday's session, following a recent breakout below a support point of $20.00. Momentum in the market has begun to gradually pick up in recent days, ahead of Friday's Federal Reserve Jackson Hole annual meeting. BNB remained in the green.

Biggest Movers: SOL Recovers From Recent Declines, BNB Extends Gains

Both tokens rose 3%, bitcoin and ether added as much as 1.2%, while bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.

SOL, ADA Lead Crypto Majors' Gains as Bitcoin Traders Move Past $1B Liquidation Event

Litecoin

Top crypto analyst Benjamin Cowen is warning that one Ethereum (ETH) rival could plummet like Cardano (ADA) did last cycle.

Benjamin Cowen Says One Ethereum Rival Could Crash by +50%, Updates Outlook on Bitcoin and Litecoin

Solana Pay will be integrating with Shopify, one of the world's biggest e-commerce platforms in the world for a new payment function. The Solana Foundation, creators of Solana Pay, says in an announcement that the protocol will now be included as a payment option on Shopify.

Solana Pay Integrates With Shopify for Instant Payments With USD Stablecoins

Despite today's market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.

News for Solana Crypto (SOL)