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

Ethereum

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

Polygon

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)

Polkadot

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

Cardano

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 

Bitcoin

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.

Hxro Begins Testing Crypto Derivatives Trading Platform on Solana

In this episode of The Scoop, Solana Labs co-founder and CEO Anatoly Yakovenko chats about the company's new mobile division. The post The Solana phone is the leap that Google and Apple won't take, says Anatoly Yakovenko appeared first on The Block.

The Solana phone is the leap that Google and Apple won't take, says Anatoly Yakovenko

Traders can now access in-depth data on Solana's rising NFT projects, which had previously only been available for users on Ethereum.

What's Hot on Solana? Nansen Adds Analytics Data for 53,000 NFT Collections

The platform's data comes from the ecosystem's two most popular marketplaces, Magic Eden and OpenSea.

Nansen to Track Solana NFT Data Amid Boom in Minting, Trading Activity

Coinbase deals with the node set-up process and other technical details, making staking more accessible to everyday retail users. The post Coinbase adds support for staking Solana appeared first on The Block.

Coinbase adds support for staking Solana

Coinbase users can now earn passive yield as high as 3.85% by holding their SOL in the Solana network through their Coinbase accounts.

Coinbase Adds Solana Staking Rewards—With Higher Return Than Ethereum

One crypto veteran says Solana (SOL) is currently going through a similar phase to what Ethereum (ETH) experienced four years ago. Crypto venture fund Variant co-founder Spencer Noon tells his 112,100 Twitter followers Solana's current issues won't matter a few years down the road. “It feels to me like SOL is going through a similar […] The post Crypto Venture Capitalist Says Solana (SOL) Going Through Same Bear Phase As Ethereum (ETH) in 2018 appeared first on The Daily Hodl.

Crypto Venture Capitalist Says Solana (SOL) Going Through Same Bear Phase As Ethereum (ETH) in 2018

Avalanche

SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. Solana (SOL) SOL was lower in today's session, as prices fell for […]

Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low

Bram Cohen's storage-based crypto network Chia just launched NFTs on its mainnet. Can a robust market sprout from the new standard?

Chia Aims to Take on Ethereum, Solana With NFTs. Will They Blossom?

Cosmos

The pseudonymous host of Coin Bureau is revealing the current contents of his crypto portfolio. In a new YouTube update, the closely followed analyst known as Guy tells his audience how he is reorganizing his portfolio in the wake of crypto's recent meltdown. According to the analyst, BTC and ETH are the main pillars of […] The post Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers appeared first on The Daily Hodl.

Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers

The Solana (CRYPTO: SOL) network has experienced 12 outages in the past year. As a result of this, Solana's price has experienced extreme volatility.

As Solana Struggles With Network Outages, Here's How Much You'd Have If You Bought $1,000 Worth of SOL One Year Ago

A widely followed crypto analyst is predicting that three altcoins, including Solana (SOL) and Polygon (MATIC), appear poised for a corrective move after rallying from their 2022 lows. Pseudonymous crypto trader Altcoin Sherpa tells his 179,500 Twitter followers that he expects one indicator on the four-hour chart to act as a resistance that could send […] The post Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks appeared first on The Daily Hodl.

Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks

Crypto VCs told CoinDesk that building projects and investing in them is a tricky mix.

Solana's Macalinao Brothers Double Down on Crypto Venture Fund

Solend's whale crisis rattled depositors and threatened to crash Solana. Can the lending protocol recover?

Solana's Biggest DeFi Lender Almost Got Rekt. Then Binance Stepped In

Fantom

Hedera

Chainlink

Decentraland

A robot with a reputation for outpacing the crypto markets is presenting its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) attempt 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 data finds that traders' risk […] The post Algorithm Known for Outperforming Bitcoin and Crypto Markets Reveals New Altcoin Picks for the Week appeared first on The Daily Hodl.

Algorithm Known for Outperforming Bitcoin and Crypto Markets Reveals New Altcoin Picks for the Week

A widely tracked crypto strategist says he's keeping an eye on smart contract platforms Ethereum (ETH) and Solana (SOL) as he sees the potential for both assets to rally big depending on how they close the month. Pseudonymous analyst DonAlt tells his 411,100 Twitter followers that he expects Ethereum to launch a nearly 80% rally […] The post Top Analyst Bullish on Ethereum and Its Rival Solana, Says Both ETH and SOL Could Ignite Huge Rallies in Coming Months appeared first on The Daily Hodl.

Top Analyst Bullish on Ethereum and Its Rival Solana, Says Both ETH and SOL Could Ignite Huge Rallies in Coming Months

Uniswap

A closely followed crypto analyst says five large-cap altcoins are starting to flash signs of strength as Bitcoin (BTC) attempts to carve a bottom. Nicholas Merten tells his audience of 516,000 YouTube subscribers that a shift in altcoin markets is beginning, with Bitcoin in the process of bottoming out.  “We are getting into the kind […] The post Five Altcoins Are Showing Strength As Bitcoin Bottoming Begins, According to Analyst Nicholas Merten appeared first on The Daily Hodl.

News for Solana Crypto (SOL)