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

Cardano

Bitcoin

Ethereum

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Russia-Ukraine Crisis Sparks $200 Billion Crypto Price Crash With Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Suddenly In Free Fall

Polkadot

Shiba Inu

Much of the market is red right now amid geopolitical tension and increased law enforcement scrutiny on crypto.

Bitcoin, Ethereum and Other Top Coins Fall as Crypto Market Stumbles

A popular crypto analyst is looking for Bitcoin (BTC) to break to the upside while analyzing the strength of Solana (SOL) after the layer-1 blockchain protocol's rough start to 2022. In a new strategy session, the host of financial education YouTube channel InvestAnswers shows his 411,000 subscribers a Bitcoin chart highlighting a recent inverse head-and-shoulders […] The post Bitcoin (BTC) Flashing Extremely Bullish Signal While One Ethereum (ETH) Competitor Bottoms Out: InvestAnswers appeared first on The Daily Hodl.

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Solana (SOL), Cardano (ADA) and Polkadot (DOT) Are Ahead of Ethereum in Key Metric, According to Analytics Firm Santiment

Fantom

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 In an era of attention scarcity, L1 teams are employing a variety of strategies in order to build sustainable network effects Pockets of growth can still be found within different ecosystems, fueled by product innovation This week, we take a look at BNB Smart Chain, Cronos, Solana, and Fantom

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Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in DeFi. For example, it aims to offer payoffs based on baskets of tokens, trading ranges, accumulators, and capital preservation. Joffrey Dalet is the Founder […]

Exotic Markets Founder Joffrey Dalet Talks Defi Banking, Structured Products and Solana

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Solana NFT data site Solanalysis rebrands to Hyperspace and raises $4.5 million

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Cosmos

NEAR Protocol

As for Bitcoin and Ethereum, little changed as investor sentiment cools around crypto.

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This DeFi bailout, by a traditional high-frequency trading firm that's turned to crypto, also was a Solana story.

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Crypto Analyst Makes Bullish Solana (SOL) Predictions for Each Year Until 2030 – Here Are His Targets

The hot Solana metaverse project lets users easily customize personal spaces within a shared city environment.

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Digital asset manager CoinShares says last week's crypto market recovery was accompanied by significant institutional investment inflows for several large digital assets. According to the latest Digital Asset Fund Flows Weekly report, the largest crypto by market cap, Bitcoin (BTC), enjoyed last week's largest share of institutional investments. “Bitcoin continues to lead the inflows with […] The post Market Sentiment Improves As Bitcoin (BTC), Solana (SOL) and Cardano (ADA) See Institutional Inflows: CoinShares appeared first on The Daily Hodl.

Market Sentiment Improves As Bitcoin (BTC), Solana (SOL) and Cardano (ADA) See Institutional Inflows: CoinShares

Tezos

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Quick Take Here's how four developers managed to build the dominant NFT marketplace on Solana. Co-founder Zhuoxun Yin discusses whether Magic Eden might issue a token.

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Avalanche

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Solana (SOL), Avalanche (AVAX) and Two More Altcoins Will Survive ‘Crypto Winter': Morgan Creek's Mark Yusko: Report

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SEC watchdogs will vote on an amendment that could serve as a backdoor way to regulate cryptocurrencies and DeFi projects. Meanwhile, the price of bitcoin, ethereum, BNB, solana, cardano, and XRP rebounds.

News for Solana Crypto (SOL)