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

Cardano

Polkadot

The co-host of a popular YouTube crypto channel is naming six altcoin projects that he thinks will be huge in the future. In a new update, Altcoin Daily co-host Aaron Arnold tells his 1.23 million YouTube subscribers that Ethereum (ETH) is the clear leader in mass crypto adoption. Arnold points to a tweet from Bloomberg strategist Mike McGlone […] The post Six Crypto Projects Are Riding Massive Wave of Adoption, According to Altcoin Daily appeared first on The Daily Hodl.

Six Crypto Projects Are Riding Massive Wave of Adoption, According to Altcoin Daily

CME's crypto products director said that with the right price index and regulatory climate, altcoin futures contracts are a possibility. The post CME Group is considering altcoin futures on Solana and Cardano appeared first on The Block.

CME Group is considering altcoin futures on Solana and Cardano

Fractal's seed round includes funding from Andreessen Horowitz, Solana Ventures, Coinbase, Animoca, Paradigm, and more.

Twitch Co-Founder's Solana Gaming NFT Platform Fractal Raises $35M

The token linked with STEPN (GMT), a web3 lifestyle application that incorporates social elements, has soared nearly 35% to $2.56 over 24 hours.

This Solana-Based Token Is Up Over 30%, Outpacing Bitcoin, Ethereum And Dogecoin Today

Bitcoin

Ethereum

Terra

After El Salvador last week postponed its controversial $1 billion bitcoin-backed bond, outspoken bitcoin billionaire Michael Saylor has warned the market perhaps isn't "quite ready" for bitcoin-backed bonds...

‘Market Is Not Quite Ready'—Bitcoin Billionaire Issues A Serious Crypto Warning As The Price Of Ethereum, BNB, Solana, Cardano, XRP And Luna Suddenly Crash

Solana extended recent gains, as it continued to cement its place as the world's sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday's 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although solana (SOL) was higher for a third straight session, […]

Biggest Movers: ZIL Rallies to 11-Month High, as SOL and WAVES Extend Recent Gains 

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 New cross-chain protocols continue to emerge, spurred on by persistent demand for interoperability and shared liquidity between chains. Unified strategies between L1s, bridges, and DeFi protocols are proving to be effective at streamlining user adoption This week, we take a look at Solana, NEAR, and Polkadot

Layer by Layer Issue 26: Solana, NEAR, and Polkadot

A lifestyle crypto project built on the Solana (SOL) blockchain is hinting that it has a big announcement coming down the pipeline. In a recent interview, an unnamed STEPN (GMT) crypto platform representative says they have an upcoming announcement relating to sportswear giants Adidas and Nike. “Big sports brands like Nike and Adidas are known […] The post Solana-Based Altcoin Explodes 20,000% in One Month As Project Teases Partnership With Crypto Giant appeared first on The Daily Hodl.

Solana-Based Altcoin Explodes 20,000% in One Month As Project Teases Partnership With Crypto Giant

The native token of high-speed blockchain Solana (CRYPTO: SOL) surged 12% on Thursday.

Why This Ethereum Rival Is Up 12% Today

The largest non-fungible token (NFT) marketplace Opensea has plans to add Solana support in April. The news follows an abundance of rumors that said the company would be adding Solana in the near future. Opensea Confirms Solana Support After a Myriad of Rumors and Speculation Opensea has confirmed it will be adding Solana (SOL) support […]

Leading NFT Marketplace Opensea to Add Solana Support in April

NFT trading volume on Solana has pumped by 80% over the past day, and the price of SOL appears to be benefiting from increased interest.

Solana Surges as NFT Trading Rises 80% Following OpenSea Reveal

Polygon

Opera is now supporting eight new blockchains, including the Bitcoin network, Ethereum scaler Polygon, and Solana.

Web Browser Opera Adds Suport for Bitcoin, Polygon, Solana

Eight more blockchain networks are coming to the Norwegian browser company's native wallet.

Opera's Crypto Browser to Support Solana, Polygon, StarkEx in Web 3 Push

On Tuesday, the fund manager Wisdomtree announced the launch of three crypto asset exchange-traded products (ETPs). The ETPs are associated with the cryptocurrency networks Solana, Cardano, and Polkadot and the new crypto investment products are currently listed on Börse Xetra, SIX, and the Swiss Stock Exchange. Wisdomtree Launches Cardano, Solana, and Polkadot Exchange-Traded Products Wisdomtree […]

Wisdomtree Launches 3 Crypto ETPs Offering Exposure to Solana, Cardano, Polkadot

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana. Robert Kiyosaki Foresees Dollar Imploding, Blames Biden for Inflation The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with […]

Robert Kiyosaki Warns US Dollar ‘About to Implode' — Advises Buying Bitcoin, Ethereum, Solana

Leading non-fungible token marketplace OpenSea shared a video Tuesday confirming NFTs on a leading blockchain are headed to the platform. Here's the latest.

OpenSea Announces Solana NFTs Coming Soon: Here Are The Details And Timeline

NFT traders will be able to buy and sell Solana NFTs on OpenSea's website starting next month, the firm hinted in a video promo it posted on Twitter. The post OpenSea teases April integration of Solana NFTs appeared first on The Block.

OpenSea teases April integration of Solana NFTs

Collections like Solana Monkey Business, Degenerate Apes, and Aurory appear headed to OpenSea after the firm confirms recent leaks.

OpenSea Confirms It Will Start Listing Solana NFTs in April

The move could give Solana NFTs, still a sliver of the market compared to Ethereum collectibles, a shot in the arm.

OpenSea Closing In on Support for Solana NFTs

Snowcrash says the goal of its partnership with Civic is to protect the users of the new platform.

Solana NFT Platform Snowcrash Taps Civic to Combat Bots

Other ETP issuers are planning crypto-linked investment products that also yield staking returns.

WisdomTree Launches Crypto ETPs for Solana, Cardano, Polkadot in Europe

A leading digital assets manager says crypto investment products focused on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) rebounded in a huge way last week, with inflows of over $190,000,000. According to the latest CoinShares Digital Asset Fund Flows Weekly report, the European markets helped boost crypto investment products to their highest inflows since late last […] The post Institutions Pour Money Into Bitcoin, Ethereum and Solana As Crypto Sees Biggest Inflows Since Last Year: Report appeared first on The Daily Hodl.

Institutions Pour Money Into Bitcoin, Ethereum and Solana As Crypto Sees Biggest Inflows Since Last Year: Report

Solana reclaimed the eighth position in the crypto top ten, as ADA and DOT were both over 10% higher to start the week. Despite this, it was EOS and FIL which led today's gainer, with FIL gaining over 30% in the session. Filecoin (FIL) FIL rallied by as much as 30% to start the week, […]

Biggest Movers: SOL Moves Past LUNA, as EOS and FIL Lead Monday's Gainers

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CryptoCodex: $600 Billion Bitcoin And Crypto Boom Pushes The Price Of Ethereum, BNB, XRP, Solana And Cardano Higher

Bitcoin and cryptocurrencies have rebounded this week, riding a wave of good news for the crypto market...

News for Solana Crypto (SOL)