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

Bitcoin

A popular crypto strategist is issuing a warning to investors and traders of Ethereum (ETH) competitor Solana (SOL). Crypto analyst Justin Bennett tells his 101,900 Twitter followers that Solana has broken down from its diagonal support after an upside fakeout and now appears headed to lower levels.  “Markets got choppy over the weekend as expected, […] The post Top Crypto Analyst Warns of More Downside for Ethereum Rival Solana (SOL), Updates Forecast for Bitcoin (BTC) appeared first on The Daily Hodl.

Top Crypto Analyst Warns of More Downside for Ethereum Rival Solana (SOL), Updates Forecast for Bitcoin (BTC)

Solana Labs co-founder Anatoly Yakovenko says the tech firm's new mobile phone aims to bring droves of new users to the crypto world. In a new interview on the Bankless YouTube channel, Yakovenko says that Saga, Solana Labs' new Android-based Web 3.0-enabled smartphone, aims to make transacting with and managing digital assets “as amazing as […] The post Can Solana Bring 1,000,000,000 More Users to Crypto? Anatoly Yakovenko Explains Goal Behind New Mobile Phone appeared first on The Daily Hodl.

Can Solana Bring 1,000,000,000 More Users to Crypto? Anatoly Yakovenko Explains Goal Behind New Mobile Phone

Ethereum

Aave

Uniswap

A robot with a reputation for outperforming an aggregated basket of 20 largest crypto assets is presenting its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) battle to stay afloat. Each week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus. The bot's newest […] The post Robot Known for Outrunning Crypto Markets Allocates to Ethereum, Solana, and Two ‘Surprise' Altcoins As Bitcoin Loses $20,000 appeared first on The Daily Hodl.

Robot Known for Outrunning Crypto Markets Allocates to Ethereum, Solana, and Two ‘Surprise' Altcoins As Bitcoin Loses $20,000

Polygon

SOL was slightly higher on Tuesday, as prices rebounded following recent declines. The token bounced on its long-term support point earlier today, as bulls entered the market. MATIC also moved higher, colliding with its own price ceiling. Solana (SOL) SOL was trading marginally higher in today's session, as prices rebounded following a four-day losing streak.

Biggest Movers: SOL Snaps Recent Losing Streak, as MATIC Moves Towards Resistance

The leading Solana NFT marketplace doubles down on Web3 gaming with Magic Ventures plus the launch of in-game storefronts.

Solana NFT Marketplace Magic Eden Launches Gaming Venture Arm

Shark Tank star Kevin O'Leary says that a massive wave of blue-chip capital could flood into the crypto asset space if proper conditions are met. In a new interview with crypto influencer Anthony Pompliano, the venture capitalist says that billions of dollars worth of institutional capital could make its way to leading digital assets Bitcoin […] The post Institutional Capital Could Flood Bitcoin, Ethereum, Solana and Polygon Under This Condition: Kevin O'Leary appeared first on The Daily Hodl.

Institutional Capital Could Flood Bitcoin, Ethereum, Solana and Polygon Under This Condition: Kevin O'Leary

Cardano

Polkadot

Algorand

Cosmos

Avalanche

Crypto asset management giant Grayscale has updated its smart contract platform holdings as the digital asset markets consolidate well below their all-time highs. In a new report, Grayscale says its GSCPxE Fund has allocated funds towards Cardano (ADA), Solana (SOL), Polkadot (DOT) and several other Ethereum (ETH) competitors. “At the end of the day on […] The post Cardano, Solana, Polkadot and Four More Altcoins Are Top Smart Contract Platform Holdings for Grayscale appeared first on The Daily Hodl.

Cardano, Solana, Polkadot and Four More Altcoins Are Top Smart Contract Platform Holdings for Grayscale

According to a lawsuit filed in the U.S. District Court for the Northern District of California, cryptocurrency Solana (CRYPTO: SOL) is an unregistered security.  The lawsuit also accused Solana Labs, Solana Foundation, Solana Labs CEO Anatoly Yakovenko, Multicoin Capital Management LLC, Kyle Samani, and Falconx LLC of making illegal profits.

New Lawsuit Claims Solana Selling Unregistered Securities

A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued.

New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses'

A popular crypto analyst is making a prediction for one Ethereum (ETH) rival while updating his outlook on Polygon (MATIC) and Bitcoin (BTC). Pseudonymous crypto trader Altcoin Sherpa tells his 180,000 Twitter followers he sees ETH challenger Solana (SOL) trading between a low of $20, and 200% higher at $60 for several months. “Potential range […] The post Trader Predicts What's Next for a Leading Ethereum Rival Solana, Updates Stance on Polygon and Bitcoin appeared first on The Daily Hodl.

Trader Predicts What's Next for a Leading Ethereum Rival Solana, Updates Stance on Polygon and Bitcoin

A class-action lawsuit has been filed against layer-1 blockchain Solana (SOL) on the grounds that the smart contract platform is not as decentralized as advertised. In a court filing dated July 1st, Solana investor Mark Young alleges SOL cannot fit the definition of “decentralized” when nearly half of its supply is in possession of people […] The post Investors File Lawsuit Against Solana Labs Alleging SOL Is ‘Highly Centralized' Unregistered Security appeared first on The Daily Hodl.

Investors File Lawsuit Against Solana Labs Alleging SOL Is ‘Highly Centralized' Unregistered Security

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Liquid-staking derivatives are set to arrive in the Cosmos ecosystem, adding to the continued growth of this class of DeFi protocols over the past year Exploits continue to plague protocols throughout L1 ecosystems. On Solana, MEV attacks are becoming a growing concern

Layer by Layer Issue 38: Cosmos, NEAR and Solana

Blockchain phones are back. Here's how crypto and tech firms are approaching their latest mobile Web3 projects.

How Solana, Polygon and HTC's New Crypto Phones Compare

DappRadar says Solana (SOL) could potentially pass Ethereum (ETH) as the leading blockchain for non-fungible tokens (NFTs). In a new report, DappRadar finds Solana is performing well in the NFT space despite the latest widespread crypto market downturn. Trading volume for SOL increased amid declines seen in other blockchains, including leading altcoin Ethereum. DappRadar finds […] The post Solana (SOL) Emerging As Viable Threat to Ethereum in NFT Markets: DappRadar Report appeared first on The Daily Hodl.

Solana (SOL) Emerging As Viable Threat to Ethereum in NFT Markets: DappRadar Report

Chainlink

A popular analyst is diagnosing the state of four leading crypto assets as the markets approach the weekend on cautious footing. Pseudonymous crypto analyst Altcoin Sherpa tells his 180,000 Twitter followers that if Bitcoin (BTC) can recapture the $20,300 area, then he'll be eyeing $21,600 as the next leg up. “Still need to see a […] The post Here's What's Next for Bitcoin, Chainlink and One Ethereum Competitor, According to Top Trader appeared first on The Daily Hodl.

Here's What's Next for Bitcoin, Chainlink and One Ethereum Competitor, According to Top Trader

Solana's SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged.

Solana Labs, Multicoin Accused of Violating Securities Law by SOL Investor

OpenSea is making moves, but so are some key and emerging rivals. DappRadar sees a battle for NFT marketplace superiority on the horizon.

Ethereum, Solana NFT Marketplace 'Wars' Heat Up as Firms Acquire Startups

Tech startup Nothing has tapped the Polygon network to offer NFTs on its new smartphone Nothing Phone (1)

Polygon Joins Solana in Bringing Web3 to Smartphones

A popular analyst is setting price targets for Ethereum challenger Solana (SOL) while forecasting what's next for ETH and STEPN (GMT). Pseudonymous analyst Altcoin Sherpa tells his 179,900 Twitter followers he's using the Fibonacci retracement tool to plot out support and resistance levels for Solana, noting things may go south for the smart contract platform […] The post Top Crypto Trader Predicts Rally for Ethereum Rival Solana (SOL), Updates Outlook on ETH and STEPN (GMT) appeared first on The Daily Hodl.

Top Crypto Trader Predicts Rally for Ethereum Rival Solana (SOL), Updates Outlook on ETH and STEPN (GMT)

A robot that's earned a reputation for outpacing the crypto markets is revealing its latest portfolio allocations to start the new week. Every week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus. The bot's freshest data finds that traders are flocking to digital assets […] The post Algorithm Known for Outperforming Bitcoin and Crypto Reveals Blue-Chip Altcoin Allocation for The Week appeared first on The Daily Hodl.

Algorithm Known for Outperforming Bitcoin and Crypto Reveals Blue-Chip Altcoin Allocation for The Week

A popular crypto analyst known for timely altcoin calls says that some wild volatility could be in play for Ethereum challenger Cardano (ADA). Pentoshi also has his eye on another Ethereum (ETH) rival for potential opportunities.

Crypto Analyst Predicts Wild Cardano (ADA) Price Swing, Sets Downward Target for One Ethereum Rival

Crema Finance temporarily suspended services this morning because of a hack that drained an undisclosed amount of funds. The post Crema Finance suspends liquidity protocol on Solana amid probe of hack  appeared first on The Block.

Crema Finance suspends liquidity protocol on Solana amid probe of hack 

A popular analyst who accurately predicted the recent market downturn is setting new price targets for four major crypto assets. Pseudonymous crypto trader Capo, who back in March sounded the alarm that several top cryptos were likely to fall by 50%, now tells his 423,200 Twitter followers what's next for Bitcoin (BTC), Ethereum (ETH), Cardano […] The post Crypto Trader Reveals Targets for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL) appeared first on The Daily Hodl.

Crypto Trader Reveals Targets for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL)

The U.S. Department of Justice (DOJ) is pressing charges against a Solana (SOL) non-fungible token (NFT) developer who allegedly pulled the rug on investors. According to a new press release, the DOJ is charging Vietnamese national Le Anh Tuan with one count of conspiracy to commit wire fraud and one count of conspiracy to commit […]

DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme

Trading will be restricted to dummy collateral as the developers stress-test their network.

News for Solana Crypto (SOL)