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

The crypto community has shown remarkable support for Solana Mobile's upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025.

Solana Mobile's ‘Chapter 2' Crypto Phone Surpasses 60,000 Preorders

Outages are a recurring headache, but Solana developers say it's worth tolerating to ensure long-term safety and security.

Solana Went Down Again—It Likely Won't Be the Last Time

Top US-based crypto exchange Coinbase is potentially preparing to list a Solana-based (SOL) decentralized wireless provider, catalyzing a price spike for the network's native altcoin. In a new announcement, Coinbase says it's listing Helium Mobile (MOBILE) to its listing roadmap, which alerts traders that the exchange could soon add support for certain digital assets.

Coinbase Triggers Jump for Solana-Based Altcoin After Placing it on Listing Roadmap

The Solana network was down almost five hours before a software patch brought it back online, marking the first major outage in nearly a year.

Solana Price Rebounds as Network Restarts After Outage

Solana (CRYPTO: SOL), the high-speed blockchain known for its recent surge in activity, faced another hiccup on Tuesday with a five-hour outage. This disruption caused its native token, SOL, to dip from around $96 to below $94.

Solana Stumbles: 5-Hour Outage Hits Popular Blockchain

The Layer 1 network Solana restarted after around four hours of halted block progression.

Solana network restarts after outage that lasted five hours

The Solana layer one (L1) blockchain is currently experiencing a service disruption, with the Solana Status website revealing that engineers are actively probing the cause. Validators on mainnet have received instructions to implement an upgrade to version 1.17.20 and to initiate a system reboot.

Solana Faces First Outage of the Year; Engineers Deploy Fix as SOL Dips 3%

The recent airdrop of JUP, the token of the Solana native Jupiter exchange, was allegedly gamed by an individual who avoided established controls. An unknown airdrop hunter received 1.85 million JUP (almost $1 million) using over 9,000 wallets for this task, with some users presuming an insider leaked the airdrop information beforehand.

Solana's Jupiter Airdrop Allegedly Leaked: A User Received Almost $1 Million Using 9,246 Wallets

The price of Solana's SOL token wavered after the network rolled out a software update to validators following a "major outage."

SOL Dips 4% Following Solana Network Outage

Solana suffered a major outage that halted block production for over 25 minutes before validators began preparing for restart.

Solana Validators Prepare for Restart as Network Suffers 'Major' Outage

The price of Solana (SOL) is falling steadily but is trapped between the moving average lines.

Solana Pauses Over $95 As It Continues Sideways

Solana has confirmed an outage on its mainnet, with engineers across the ecosystem currently investigating.

Solana confirms outage on mainnet, engineers are investigating

Solana Mainnet-Beta is experiencing a performance "degradatation," a validator said.

Solana Network Suffers Brief Outage, SOL Steady

This year's mtnDAO is flush with cash and short on monitors.

Solana's Most-Notorious Hacker House Is Bigger Than Ever

Chapter 2, the successor to Solana's hit crypto phone Saga, reached 60,000 preorders ahead of its tentative 2025 rollout.

Solana ‘Chapter 2' crypto phone reaches 60,000 preorders

Chainlink

A closely followed crypto strategist believes that the altcoin markets may be setting up for a strong surge in the coming weeks.

Altcoin Markets Gearing Up for Q1 Hype Cycle Amid Strong Performance of Ethereum-Based Altcoin, Says Analyst

A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

The host of the InvestAnswers YouTube channel believes that one crypto project running on the Solana (SOL) network will go on a bullish rampage. The InvestAnswers host tells his 472,000 YouTube subscribers that the decentralized exchange (DEX) aggregator Jupiter (JUP) could surge by “somewhere between a 4x and an 8x to be conservative.

Brand New Solana-Based Altcoin ‘For Doing Everything' To Explode by up to 700%, According to InvestAnswers

One measure of solana sentiment recently attained its loftiest value since late 2021, when the cryptocurrency's price reached its pinnacle, according to The Tie.

Solana Sentiment Recently Reached Its Highest Since 2021, Says The Tie

If you're a Solana O.G. who has traded NFTs on Magic Eden since way back in 2021, you are eligible for this Diamond rewards drop.

Did You Trade Solana NFTs During the 2021 Bull Run? Magic Eden Has Something for You

Just like the meme stock of the same name, the GME tribute coin based on GameStop is falling hard after this week's spikes.

GME Crash: GameStop Tribute Meme Coin on Solana Plunges 52%

A Navigating Narratives report by K33 Research, led by DeFi analyst David Zimmerman, outlines the crypto trading strategies for investors in Bitcoin (CRYPTO: BTC) and altcoins post the Spot Bitcoin ETF approval. What Happened: The report notes that the Spot Bitcoin ETF approval was a "sell-the-news" event, breaking the market uptrend.

Report Outlines How To Trade Today's Altcoin Market: 'SOL Will Be Our Main Focus'

New network addresses on the Solana blockchain have reached an all-time high, according to The Block's Data Dashboard.

Solana registers all-time high in monthly new addresses for January

One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.

Jupiter's JUP Rallies On With Solana Supporters Leading the Charge

The game, developed by studio GG.zip, has attracted over 133,000 Twitter followers.

News for Solana Crypto (SOL)