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

Lighthouse Protocol, an initiative that simulates transactions, aims to end the security problems derived from using unknown smart contracts in Solana.

Lighthouse Protocol Aims to End Wallet Draining Attacks on Solana

The price of Solana (SOL) is falling below the moving average lines but is supported above the 50-day SMA. Price analysis by Coinidol.com.

Solana Holds Above $110, But Threatens To Fall

A closely followed crypto strategist believes that Ethereum (ETH) competitor Solana (SOL) is gearing up for an explosive rally. Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that Solana could soar more than 340% from its current value by 2025.

Solana Primed To Skyrocket Over 340% From Current Price, According to Crypto Trader – Here's the Timeline

The native token of a Solana (SOL)-based decentralized wireless provider is seeing a dip in price after going live on Coinbase, the leading crypto exchange platform in the US.

Solana-Based MOBILE Altcoin Project Drops Over 10% After Going Live on Coinbase

The privacy-focused, crypto-savvy web browser now allows BAT transfers to self-custody Solana wallets to streamline transactions and reduce fees.

You Can Now Move Brave Browser Rewards On-Chain With a Solana Wallet

Solana's NFT sales volume surged past $5 billion in all-time trade activity, showing massive growth.

Solana NFTs Cracks $5 Billion Sales

Farcaster has shipped support for Solana, incorporating the blockchain's addresses for verifying users.

Social media platform Farcaster ships support for Solana addresses

Helius plans to grow its team of 14 employees and bolster its tech stack with the fresh Series A financing.

Solana developer platform Helius raises $9.5 million in Series A funding

Cardano

Bitcoin

The cryptocurrency market is experiencing a correction on Wednesday, coinciding with the release of the Federal Open Market Committee (FOMC) meeting minutes. What Happened: Recent data from CoinMarketCap shows a 1.28% decrease in the total crypto market capitalization over the last day.

Solana, Cardano, Ripple Follow Bitcoin's Drop: Experts Explain Why Crypto Is Down Today

Ethereum

Things for Solana have been more of a mixed bag. SOL has dipped, but the network's DeFi ecosystem surpassed $2B for the first time since 2022.

Bitcoin, Ethereum Mostly Flat as Solana Price Sags 5%

The DeFi ecosystem still has a long way to go before it reaches the heights of 2021.

Solana DeFi Total Value Locked Tops $2B—Again

Over the past year or so, Solana (SOL) has experienced strong returns following a rough end to 2022. The project was heralded by former FTX Trading Ltd.

Is LeBron James Pumping A New Solana (SOL) Memecoin?

Solana, one of the top proof-of-stake blockchains, has integrated Filecoin, a decentralized file-saving blockchain-based system, to make its block history accessible for third-party apps. According to Filecoin, this will allow Solana to achieve improved redundancy and scalability for part of its data set while leveraging a decentralized solution like Filecoin.

Solana Integrates Filecoin to Enhance Historic Data Accessibility

The price of Solana (SOL) continues to rise above the moving average lines. SOL price analysis by Coinidol.com.

Solana Remains Above $108 After Recent Drop

The Solana-based Backpack crypto exchange has made a splash in its pre-season beta launch, racking up $1 billion in trading volume on February 18, according to the exchange's official X post.

Solana-based Backpack Exchange Reaches $1B Daily Trading Volume 5 Days After Launching Pre-Season

Peer-to-peer file storage network Filecoin (FIL) is collaborating with smart contract platform Solana (SOL) for decentralized blockchain storage solutions. In a new thread on the social media platform X, the team behind Filecoin says that integrating with Solana will greatly enhance the Ethereum (ETH) rival's capabilities as well as advance the concept of decentralized storage.

Filecoin Announces Integration With Solana (SOL) for Decentralized Blockchain Storage Solution

The airdrop of 3 million ARCD will benefit holders of certain Ethereum and Solana NFTs and Bitcoin Ordinals collections.

NFT Lender Arcade Reveals Airdrop for Ethereum, Solana, and Bitcoin Collectors

GameStop (GME) on Solana continues its rollercoaster ride, shedding enormous value before rebounding Thursday.

Solana's GameStop Meme Coin Plummets 70%—But GME Isn't Dead Yet

A Solana-based (SOL) decentralized rendering altcoin is trading sideways despite the news that the top US crypto exchange platform would be adding support for it.

Solana-Based Decentralized Rendering Altcoin Offers Tepid Response to Coinbase Listing News

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity. In a new interview with Bitcoin Suisse's podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH's and also greater potential. He predicts long-term upward momentum for SOL.

Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive' Ecosystem Is Underpriced Relative to ETH

Solana Mobile, Solana Labs' smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2's payments were completed using USDC, with no payment processing fees associated.

Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees

A widely followed cryptocurrency analyst and trader is predicting more upside for an altcoin that has soared by triple digits over the past couple of months.

Solana Rival That's Exploded Over 5x in Three Months Could Surge by More Than 150%, According to Top Analyst

The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.

Solana's SOL Futures Rack Up $1B in Record Bullish Bets

Market indicators are all green, but there are reasons to be bullish beyond how they mirror what Bitcoin does.

Ethereum and Solana Post Big Gains, Following Bitcoin Bullishness

Solana (CRYPTO: SOL) co-founder Anatoly Yakovenko sparked discussions on blockchain's role in e-commerce, sharing the success story of their recent mobile phone sales. What Happened: Partnering with web3 payment platform Helio, Solana pre-sold 100,000 "chapter 2" phones, raking in a staggering $45 million.

News for Solana Crypto (SOL)