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

Hivemapper rewards users with tokens for passively capturing mapping data with dashcams in a model inspired by Helium.

A Decentralized Google Maps? Solana-Based Hivemapper Raises $18M to Build It

Bitcoin

Ethereum

Rich Dad Poor Dad author Robert Kiyosaki says a global recession is coming, and he's naming several crypto assets and gold as potential ways to weather the storm. In a new tweetstorm, Kiyosaki says he's certain a market crash is inevitable. He cites the recent inversion of Treasury yields as proof. Today, the two-year Treasury […] The post Rich Dad Poor Dad Author Warns Major Market Crash Coming, Says Bitcoin, Ethereum, Solana and Gold Are Potential Way Out appeared first on The Daily Hodl.

Rich Dad Poor Dad Author Warns Major Market Crash Coming, Says Bitcoin, Ethereum, Solana and Gold Are Potential Way Out

With OpenSea inbound, Magic Eden leans into its “Solana-native” status by enabling purchases with tokens from leading NFT projects.

Magic Eden to Accept Tokens From Top Solana NFT Projects Aurory and DeGods

A leading digital assets manager says institutional investors have regained an appetite for altcoins after market sentiment had a rocky start in 2022. According to the latest CoinShares Digital Asset Fund Flows Weekly Report, crypto investment products saw $180 million in inflows last week, with the vast majority of the inflows deriving from Europe. “Digital asset […] The post Institutions Pour Capital Into Ethereum, Solana, and Additional ETH Competitor As Sentiment Recovers: CoinShares appeared first on The Daily Hodl.

Institutions Pour Capital Into Ethereum, Solana, and Additional ETH Competitor As Sentiment Recovers: CoinShares

The host of popular crypto YouTube channel InvestAnswers says a historical indicator is suggesting that one Ethereum (ETH) challenger is ready to turn heads. In a new video, the pseudonymous analyst says that he's bullish on Solana but that SOL faces considerable resistance at the $150 mark. “We are about to touch the 200-day moving […] The post Historically Accurate Signal Suggests This Ethereum Rival Is Ready To Go ‘Bonkers,' Says Crypto Analyst appeared first on The Daily Hodl.

Historically Accurate Signal Suggests This Ethereum Rival Is Ready To Go ‘Bonkers,' Says Crypto Analyst

Avalanche

NEAR Protocol

A popular crypto strategist and trader is predicting strong rallies for three Ethereum (ETH) competitors and one low-cap altcoin. Pseudonymous crypto analyst Altcoin Sherpa tells his 171,400 Twitter followers that he's “super bullish” on Ethereum rival and smart contract platform Near (NEAR). According to the crypto strategist, NEAR hit his initial target at $16, but he's […] The post Crypto Trader Says One Ethereum Challenger Looks ‘Super Bullish,' Predicts Rallies for Solana and Two More Altcoins appeared first on The Daily Hodl.

Crypto Trader Says One Ethereum Challenger Looks ‘Super Bullish,' Predicts Rallies for Solana and Two More Altcoins

Cardano

Terra

With the bitcoin community descending on Miami this week for the Bitcoin 2022 conference and one high-profile developer teasing "big surprises," the cryptocurrency market could be in for a shake up...

‘Big Surprises'—Bitcoin Could Be Set For One Of Its Biggest Ever Weeks As The Price Of Ethereum, BNB, XRP, Cardano, Solana And Luna Swing

Macro expert Raoul Pal is optimistic that Solana (SOL) will continue to surge as the price of the high-performance blockchain ramps up against Ethereum (ETH). The Real Vision CEO tells his 918,400 Twitter followers that he expects more development from Solana's ecosystem now that the smart contract platform appears to be on track to outperform […] The post Big Things Coming for Solana Ecosystem As SOL Breaks Out Against Ethereum: Macro Guru Raoul Pal appeared first on The Daily Hodl.

Big Things Coming for Solana Ecosystem As SOL Breaks Out Against Ethereum: Macro Guru Raoul Pal

Bitcoin (CRYPTO: BTC) has staged a nice recovery in recent sessions, as risk appetite returned to the market. The recovery has been in fits-and-starts, and the apex currency has not built up enough momentum to stage a sustained recovery.

5 Major Altcoins That Outperformed Bitcoin This Week

Bitcoin briefly broached $48,000 as several top 30 coins made massive gains over the last seven days.

This Week in Coins: Bitcoin Hits 2022 High, Solana and Terra Skyrocket, Ethereum Rallies

NEAR has risen by over 20% during today's session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week. NEAR Protocol (NEAR) NEAR was undoubtedly one of the biggest gainers in crypto markets to start the weekend, as its […]

Biggest Movers:  Near Surges 22% on Saturday, as SOL, AXS Move Higher

CME Group has been "looking at" offering Solana and Cardano futures contracts, an executive said at a conference in London.

CME Group 'Looking At' Offering Solana, Cardano Futures

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

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.

News for Solana Crypto (SOL)