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

There's one less Solana Saga in the world after a viral experiment

Someone Microwaved a Solana Saga Phone—Now Degens Are Buying Meme NFTs

One Solana-based (SOL) altcoin is surging just after the top US crypto exchange platform Coinbase announced it would be officially listing it. Earlier this week, Coinbase announced that it would be supporting Hivemapper (HONEY), a decentralized global mapping network built over the Solana blockchain. “Hivemapper (HONEY) is now live on http://coinbase.

Solana-Based Altcoin Rockets 22% in Hours After Coinbase Announces Official Listing

The co-founders of the crypto analytics firm Glassnode think Solana (SOL) could outperform Ethereum (ETH) by up to 5x in the current bull run. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the SOL/ETH chart suggests the SOL/ETH ratio could surge.

Solana Primed To Outperform Ethereum by up to 5x, According to Glassnode Co-Founders – Here's the Timeline

Bitcoin

A widely followed crypto analyst is updating his strategy on Bitcoin (BTC) as the crypto king's next halving approaches. Pseudonymous crypto trader Rekt Capital tells his 388,300 followers on the social media platform X that BTC is likely to wrestle with resistance for the next few months.

Crypto Trader Updates Outlook on Bitcoin (BTC) Bull Market Progress, Calls Move Up for Solana (SOL)

Ethereum

Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm's U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes.

In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana's Advances

Solana (SOL) Labs is kicking off pre-orders for the new version of its crypto-focused smartphone weeks after the first edition sold out in a frenzy.

Solana Labs Kicks Off Pre-Orders for New Smartphone Weeks After First Edition of the web3 Device Sold Out

Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release date.

Solana Mobile Announces Saga Succesor: Chapter 2

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Ethereum (ETH) competitor Solana (SOL). The analyst pseudonymously known as Bluntz tells his 237,000 followers on the social media platform X that Solana might soar more than 39% from its current value.

Top Crypto Trader Says Ethereum Challenger Solana Gearing Up for a Double-Digit Rally – Here Are His Targets

dogwifhat

A bump in network activity and usage could contribute to an upside for Solana's SOL tokens.

Dogwifhat Zooms to Nearly 50 Cents as Solana Meme Coins Make a Comeback

The investment giant highlighted Solana's vision and Ethereum's ecosystem in its bullish Twitter thread.

Laser-Eyed Franklin Templeton Sets Sights on Ethereum, Solana After Bitcoin

Lido DAO

A widely followed crypto strategist warns that a Solana (SOL) competitor that's up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top.

Trader Issues Warning on Solana Rival That's Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

BONK isn't the hottest Solana meme coin at the moment: WIF has more than doubled in price this week alone.

Solana Meme Coin Dogwifhat Spikes 257% as SOL Reclaims $100

Solana (SOL) saw gains during the 2021 bull market. The price went from under $2 to over $260 in less than a year.

Here's How Much You'd Have If You Bought Solana After The FTX Crash

Solana (CRYPTO: SOL) may be primed for another price breakout following positive developments in the community and potential flows to altcoins. What Happened: Activity on Solana is picking up, evidenced by several developments in the ecosystem.

Solana Activity Surges: Is A Price Breakout Imminent? Analyst Foresees Rally To $150

Solana-based DeFi aggregator Jupiter is set to make waves in the cryptocurrency space with its upcoming token airdrop and meme coin launch.

Solana DEX Aggregator Jupiter Sets Date for Highly Anticipated Airdrop

Solana Labs has revealed its next phone, the Saga "Chapter 2," which keeps the crypto focus in a more affordable package.

Solana Reveals Saga 'Chapter 2' Phone After Airdrop Frenzy Fueled Sellout

A cheaper successor to the Solana Saga is reportedly planned, after the original phone sold out as buyers harvested bundled tokens and airdrops.

Solana Mobile Plans 'Cheaper' Follow-Up to Saga Smartphone: Report

Demand for Solana Mobile's Saga phone surged in December amid an arbitrage opportunity presented by the bonk tokens that come with the phone.

Solana Mobile plans to launch cheaper Saga successor: report

Solana DEX aggregator Jupiter confirmed that its JUP token will launch on Jan. 31, accompanied by a retroactive airdrop for users.

Solana DEX aggregator Jupiter confirms token release date

Solana (CRYPTO: SOL) Mobile is reportedly gearing up to introduce a second model to the market. What Happened: The new handset is expected to retain the hallmark features that defined its forerunner, the Saga — including an integrated crypto wallet, specialized Android software, and access to a dedicated “dApp store” for decentralized applications.

Solana Mobile Reportedly Gearing Up For Releasing Another Crypto Smartphone

Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said.

Solana Mobile to Sell Second Crypto Smartphone: Source

Nearly a million Solana DeFi users will be able to claim JUP later this month in the airdrop, with Jupiter teasing a meme coin launch too.

Jupiter Finally Sets a Date for JUP Airdrop, Teases Meme Coin Drop on Solana

New data from a cybersecurity firm reveals that recent phishing scams over smart contract platform Solana (SOL) have stolen over $4 million in crypto assets. In a new blog post, security firm Scam Sniffer says that in the past month alone, bad actors were able to exploit $4.

New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm

The attacks have duped thousands of Solana users by employing a variety of tactics, swiping millions of dollars worth of tokens like BONK.

Hackers Steal Over $4 Million in Fake Airdrops and Other Scams on Solana

The price of SOL has dropped by more than 8% in the past 24 hours, marking the largest decline among blue-chip cryptocurrencies.

News for Solana Crypto (SOL)