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

Ethereum

A widely followed investor who called the 2022 crypto market bottom says that Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are about as low as they will go. Former ARK Invest executive Chris Burniske tells his 263,200 X followers that BTC, ETH and SOL are unlikely to make new lows this calendar year.

Investor Who Called 2022 Bottom Says Bitcoin, Ethereum and Solana Not Making New Lows – Here's Why

Cardano

Cosmos

Polygon

Uniswap

The crypto market was lower to start the week after bitcoin posted its worst week since May.

Altcoins slide to begin the week while bitcoin and ether stabilize

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) is trading below moving average lines after a price decline on August 17.

Solana Encounters Resistance At $22 And Records Another Decline

Dogecoin

Litecoin

Shiba Inu

Ahead of the sharp crypto price crash, a former U.S.

Stark BlackRock Warning As Sudden $1 Trillion Crypto Market Crash Tanks The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price

Solana (CRYPTO: SOL) on Friday surpassed Dogecoin (CRYPTO: DOGE) in terms of market capitalization, claiming the 8th position. What Happened: This development comes amid growing fear in the crypto market, as indicated by the crypto fear and greed index, which currently stands at 37, signaling a significant level of fear among investors.

Solana Overtakes Dogecoin in Market Cap Amid Crypto Fear

A decentralized wireless network crypto project on the Solana (SOL) layer-1 blockchain is aiming to transform the telecom industry with the launch of a new mobile phone plan. In a statement, Helium Mobile says it has just rolled out a phone plan, which will be initially available exclusively to Miami residents.

Solana (SOL)-Based Crypto Project Helium (HNT) Launches Mobile Phone Plan

Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.

Biggest Movers: SHIB Slips to 2-Week Low, SOL Snaps Losing Streak

Solana was one of Tuesday's big gainers, rising to a multi-week high following a ‘death cross' of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, rising for a sixth-straight day.

Biggest Movers: SOL, TON Move to Multi-Week Highs on Tuesday

Longtime Bitcoin (BTC) bull Raoul Pal believes that the crypto markets will suck liquidity out of other asset classes. The former Goldman Sachs executive tells his 997,200 Twitter followers that crypto is a “supermassive black hole that eats all other asset classes.

Raoul Pal Calls Crypto a ‘Black Hole' That Eats All Other Assets, Predicts Bitcoin, Ethereum and Solana Rallies

Former Goldman Sachs executive Raoul Pal says that Solana (SOL) looks reminiscent of Ethereum (ETH) during its bear market of 2018 and 2019.

Solana (SOL) Looks Like Ethereum in 2018 With Potential To Do Well, Says Ex-Goldman Sachs Executive

Bernstein analysts have called stablecoins the "monster crypto killer-app" that could catapult the $125 billion market to almost $3 trillion in just five years

‘Monster Crypto Killer-App'—Crypto Suddenly Braced For A $2.8 Trillion PayPal Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price Boom

Solana (SOL) price analysis from Coinidol.com indicates that the cryptocurrency has gained momentum after falling below the $22 level.

Solana Upward Momentum Stops In Face Of $25 High

A top-50 altcoin by market cap could be on the verge of an upside move, according to blockchain analytics platform Santiment. The analytics platform says that the native token of smart contract-enabled blockchain Aptos (APT) could reach “another higher high” after partnering with software maker Microsoft on artificial intelligence (AI) and web3 projects.

One Mid-Cap Ethereum and Solana Rival Is Flashing a Bullish Signal, According to Crypto Analytics Firm Santiment

The cost of Solana Saga, an Android-based smartphone made by Solana Mobile, has been significantly reduced from its original $1,000 price to $599.

Solana's $1,000 Saga Phone Sees Price Reduction by $400 To “Get Wider Adoption”

Major cryptocurrencies experienced mixed trading on Wednesday evening as investors eagerly awaited the release of July's Consumer Price Index (CPI) in the United States. The CPI serves as a significant indicator of inflation and is set to be disclosed on Thursday.

Bitcoin, Ethereum, Dogecoin Mixed As SEC Plans To Appeal XRP Ruling: Analyst Says Solana Could Replicate Cardano's 2019 Bear Market Comeback

Decentraland

Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the dynamic regulatory environment." "Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.

Bitstamp To Halt Trading Of Polygon, Chiliz And Other Altcoins: Is SEC To Blame?

Shiba inu rose by as much as 10% during today's session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday.

Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High

Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets. After this deadline, U.S.

Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers

Crypto exchange Bitstamp is halting trading of MATIC, SOL, NEAR, AXS, CHZ, MANA and SAND tokens in the U.S. from Aug. 29.

Bitstamp to halt trading in Polygon, Solana and other tokens in the US

Trading volumes for rollbit tokens grew 500% on a revamped token buy-and-burn plan.

XRP, SOL Lead Crypto Market Bounce; RLB and UNIBOT Surge on Bullish Sentiment

All seven tokens to be "permanently" suspended for trading on Bitstamp were earlier classified by the SEC as unregistered securities.

Bitstamp to End Trading of Solana, Polygon and 5 Other Altcoins for US Users

Top crypto trader Benjamin Cowen thinks Solana (SOL) could be in for some rough days ahead before making a big turnaround. Cowen tells his 784,000 YouTube subscribers that Solana has “a bit more resilient” than some other altcoins because of its heavy capitulation at the end of 2022.

Benjamin Cowen Says Solana (SOL) Could Repeat Cardano's (ADA) 2019 Bear Market Turnaround

A closely followed analyst believes that the native token of the crypto project co-created by ChatGPT founder Sam Altman looks poised for a severe correction. Pseudonymous analyst Altcoin Sherpa tells his 196,400 X followers that he's bearish on Worldcoin (WLD), an artificial intelligence-based crypto project that uses iris-scanning technology.

Analyst Predicts Deep Correction for Sam Altman's Worldcoin, Updates Outlook on Solana and Two Other Altcoins

Chainlink

Chainlink surged by nearly 4% during Tuesday's session, as the token moved towards a one-week high. The move came as cryptocurrencies rebounded, following a slow start to the week. Solana was another big mover, as it headed towards the $24.00 level.

Biggest Movers: LINK, SOL Extend Gains, as Crypto Momentum Begins to Shift

Digital assets manager CoinShares says institutional investors are becoming more optimistic about the Ethereum (ETH) competitor Solana (SOL) while they collect profits on king crypto Bitcoin (BTC).

News for Solana Crypto (SOL)