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

Polygon

Solana climbed for a third consecutive session, as crypto markets rebounded to start the weekend. At the time of writing, the global market cap rose by 3.3%, as bullish sentiment returned. Polygon was another notable gainer, surging by over 5% on Saturday.

Biggest Movers: SOL, MATIC Move Away From Key Support Levels on Saturday

Solana is carving out a niche in the mobile phone industry with the Saga. We spoke with a few users to find out how they've been using the device.

Solana's crypto smart phone is searching for niche in crowded field

Cardano

New York-based digital assets platform Bakkt has decided to remove three major cryptocurrencies Solana (CRYPTO: SOL), Polygon (CRYPTO: MATIC), and Cardano (CRYPTO: ADA) from its listings. This move comes not long after Bakkt acquired Apex Crypto, a trading infrastructure provider, for $155 million.

Bakkt's Crypto Cleanup: SOL, MATIC, And ADA Get The Boot Pending 'Further Clarity' From SEC

According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt's general counsel stated that the platform will expand its coin offering once there is “further clarity.

Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns

The publicly-listed company is waiting for further regulatory clarity.

Bakkt to Delist Solana, Cardano and Polygon Following SEC Lawsuits

Bakkt has delisted Solana, Polygon and Cardano due to regulatory uncertainty following the SEC's lawsuits against Binance and Coinbase.

Bakkt delists Solana, Polygon and Cardano amid regulatory uncertainty: Fortune

“I work on the largest Solana project, with more than 10 developers, and nobody is discussing [a hard fork]” said Matías Kudelski, a cyber security researcher who audits Solana's code.

Solana Hard Fork to Stave Off SEC? Devs Say It's Not Happening

The Switzerland-based Solana (SOL) developer is objecting to the U.S. Securities and Exchange Commission's (SEC) allegation that the 11th-largest crypto asset by market cap is a security. The Solana Foundation says that it disputes the claims made by the SEC in a lawsuit filed against crypto exchange Binance last week.

Solana Foundation Says SOL Is Not a Security in Response to SEC Charges

The tokens were up as much as 5% in the past 24 hours even as the broader market remained nominally changed.

SOL, ADA, MATIC Prices Stabilize as Foundations Hit Back on SEC Lawsuit Allegations

Robinhood Markets, the popular online brokerage, has announced the removal of three cryptocurrency tokens from its platform.

Robinhood Delists Crypto Assets Deemed Securities by SEC

Although all disagreed, each organization tied to the trio of tokens show varying levels of conviction.

Solana, Cardano, Polygon Push Back Against SEC 'Security' Label

Cosmos

A crypto investor who accurately called the bottom of the bear market last year is doubling down on some of his calls despite plunging markets.

Venture Capitalist Doubles Down on Solana and Cosmos, Says 2024 Redemption Arc Incoming

The price of Solana (SOL) has declined since April 17. The oversold area of the market was affected by the downturn.

Solana Jumps Above $14 Low And Reaches Oversold Area

Ethereum (ETH) competitor Solana (SOL) witnessed an explosion in on-chain activity last month, according to the crypto data firm Nansen. Nansen notes that Solana's monthly active address count surged by 86% in May, reaching a total of 9.5 million addresses, which ranks third among all chains.

Ethereum Competitor Solana Witnesses 86% Increase in Monthly Active Addresses in May: Crypto Data Firm Nansen

Dogecoin

Shiba Inu

The cryptocurrency space was swathed in a sea of red Saturday morning, as most altcoins pulled back sharply. What Happened: The sharp pullback came amid the SEC's lawsuits against cryptocurrency exchanges Binance and Coinbase Global, Inc. (NASDAQ:COIN).

Crypto Mayhem On Saturday: Why Polygon, Solana, Dogecoin, Shiba Inu, And Other Altcoins Are Tumbling

Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.

SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations

Bitcoin

Ethereum

Crypto's latest crash comes as one of the top global credit rating agencies, Moody's, dropped its outlook on embattled bitcoin and crypto exchange Coinbase from stable to negative—signaling further declines to come

‘Bloodbath'—Sudden $1 Trillion Crypto Crash Sparks Fresh Coinbase Warning And Tanks The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana

Four large-cap digital assets cratered in price this week after the U.S. Securities and Exchange Commission (SEC) labeled them securities in a pair of lawsuits against high-profile crypto exchanges.

Large-Cap Cryptos BNB, Cardano, Solana and Polygon Plunge in Price This Week After SEC Labels Them Securities

Trading giant Robinhood is reportedly delisting a handful of prominent crypto assets in response to the U.S. Securities and Exchange Commission (SEC) suing Binance and Coinbase for allegedly violating securities laws.

Robinhood Delists Solana, Polygon and Cardano, Is Reviewing Crypto Options Post-SEC Lawsuits: Bloomberg

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase.

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

IOG, the company behind the development of Cardano (CRYPTO: ADA), and the Solana Foundation (CRYPTO: SOL), have rebutted claims by the U.S. Securities and Exchange Commission (SEC) suggesting that their native tokens could be classified as a security. This comes in the wake of the SEC's legal action against prominent cryptocurrency exchanges Binance and Coinbase earlier this week, wherein ADA was named among other crypto tokens that the SEC considers as securities.

Cardano And Solana Counterattack Against SEC's Classification Of Cryptocurrencies As Securities

Solana moved towards the $20.00 mark on Friday, despite reports confirming that Robinhood was set to delist the token from its platform. In addition to solana, cardano and polygon were also removed. XRP also trended higher in today's session. Solana (SOL) Solana (SOL) moved close to the $20.

Biggest Movers: SOL Slightly Higher, as XRP Collides With Key Resistance Level

Robinhood Markets Inc (NASDAQ: HOOD), the popular trading platform, has just announced that it will cease support for three prominent cryptocurrencies: Cardano (CRYPTO: ADA), Polygon (CRYPTO: MATIC), and Solana (CRYPTO: SOL). Starting June 27th, 2023 at 6:59 PM ET, these cryptocurrencies will no longer be available for trading on the Robinhood platform.

Robinhood To Ceases Support Of ADA, MATIC, SOL Amid Regulatory Pressure

The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.

Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities

Robinhood opted to axe three tokens after the SEC listed them as unregistered securities in their lawsuits against Coinbase and Binance.

News for Solana Crypto (SOL)