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

Stellar

The World Economic Forum (WEF) is outlining the speeds at which several crypto assets, including Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens, can process transactions. In its recently published community paper, the Swiss-based international organization for public-private cooperation looks at smart contract platform Cardano (ADA) and provides details on the number of transactions it […] The post World Economic Forum Outlines Speed of Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens appeared first on The Daily Hodl.

World Economic Forum Outlines Speed of Cardano, XRP, Solana, Celo, Alogrand and Stellar Lumens

The Solana Foundation, Audius and Metaplex are trying to get 1,000 creators to start building on Web 3.

Solana Woos Creators With $5M Fund for Artists and Musicians

The cloud division of IEX — made famous by Michael Lewis's 2014 book "Flash Boys" — is jumping into DeFi with Solana-based data project Pyth. The post ‘Flash Boys' exchange IEX dives into DeFi through Solana-based data project appeared first on The Block.

‘Flash Boys' exchange IEX dives into DeFi through Solana-based data project

Three factors have propelled Solana: technology, products and partnerships, plus the "SBF factor." Could these help it take on Ethereum?

Is It Time to Take Solana Seriously? Latest 'Ethereum Killer' May Be the Real Deal

The network is now among 20 or so supported by Bison Trails' “Query & Transact” product.

Coinbase's Bison Trails Adds Developer Tooling for Solana Blockchain

Founded in 2017, Solana is a high throughput, low latency, mixed Proof of History (POH) / Proof of Stake (POS) based smart contract blockchain platform. It claims to provide up to 50,000 transactions per second (TPS) and 400 ms block time latency.

Did You Already Know This About The Cryptocurreny Solana (SOL)?

Dogecoin

A popular crypto analyst and trader is mapping out the crucial levels of interest for Dogecoin (DOGE) and three more altcoins as the broader digital asset market goes through an uncertainty phase. In a new video, the pseudonymous trader known in the industry as Altcoin Psycho says he's considering buying Dogecoin but only if the […] The post Top Crypto Trader Examines Dogecoin, Solana, FTX Token and THORChain, Says He's a Buyer If Altcoins Dip to These Levels appeared first on The Daily Hodl.

Top Crypto Trader Examines Dogecoin, Solana, FTX Token and THORChain, Says He's a Buyer If Altcoins Dip to These Levels

The funding will be used to expand the Phantom team, develop new features and expand to other blockchains, said the firm.

A16z Leads $9M Raise for Solana's Phantom Wallet to Go Multi-Chain

Solana-based cryptocurrency tokens are floundering in the red zone amid the sudden price dip across the crypto board.

Solana Ecosystem Tokens Drop 12% In A Week

Ethereum

The firm cited higher speed and scalability as motivations for the shift.

Power Ledger to Move to Solana From Ethereum

Algorand

Popular cryptocurrency analyst and Coin Bureau host, Guy, says investments by venture capitalists in later-stage cryptocurrency projects indicate the high potential those particular projects have. Guy kicks off his list of five cryptocurrency projects with high-performance blockchain Solana (SOL), which is among the many projects that have received massive financial backing from venture capital (VC) […] The post Here Are Top Five Altcoins To Watch Based on VC Backing, According to Coin Bureau appeared first on The Daily Hodl.

Here Are Top Five Altcoins To Watch Based on VC Backing, According to Coin Bureau

The Graph

Hedera

Polygon

Popular crypto strategist and trader Michaël van de Poppe says five altcoins are showing signs of life after enduring the marketwide collapse in May. Van de Poppe tells his 350,500 followers on Twitter that he's watching the price action of decentralized application (DApps) platform Solana (SOL) as it looks to either breach resistance at $35.00 […] The post These Five Altcoins Flashing Signs of Life After Crypto Collapse: Analyst Michaël van de Poppe appeared first on The Daily Hodl.

These Five Altcoins Flashing Signs of Life After Crypto Collapse: Analyst Michaël van de Poppe

Decentralized Finance (DeFi) protocol Solrise Finance (CRYPTO: SLRS), hosted on the Solana (CRYPTO: SOL) blockchain, finished a $3.4 million funding round.

DeFi Protocol Solrise Raises $3.4M For Solana-Based Platform

Bitcoin

The co-founder of the crypto derivatives exchange Hxro says he's accumulating several crypto assets during the market downturn. In a new episode of Delta-Fi, Rob Levy says he's not concerned about nailing the exact bottom of the crypto correction. As the markets search for direction, Levy says he's accumulating Bitcoin, Ethereum, the relatively new smart […] The post Crypto Exchange Co-Founder Buying Bitcoin, Ethereum, Solana Plus ‘No Brainer' Altcoin Amid Market Recalibration appeared first on The Daily Hodl.

Crypto Exchange Co-Founder Buying Bitcoin, Ethereum, Solana Plus ‘No Brainer' Altcoin Amid Market Recalibration

Cryptocurrency analyst and YouTuber Jason Pizzino is considering several crypto assets as the market bounces off of its recent lows. Pizzino tells his 190,000 YouTube subscribers that he's bullish on Ethereum in the long run, although he expects ETH to drop against Bitcoin in the near term. “ETH, it's one of those ones I'm happy […] The post Top Analyst Says He's Bullish on Ethereum and Cardano – But Another Altcoin Is Looking Stronger appeared first on The Daily Hodl.

Top Analyst Says He's Bullish on Ethereum and Cardano – But Another Altcoin Is Looking Stronger

June 30, 2021 – Seoul, South Korea Token minting platform Dexlab has completed a private funding round to create a gateway to the Solana ecosystem. $1.44 million was raised with the aid of grants from Solana and Eco Serum and the participation of leading blockchain venture capital firms. Dexlab is the developer behind the Minting […] The post Dexlab Raises $1.44M To Make Launching on Solana Easy appeared first on The Daily Hodl.

Dexlab Raises $1.44M To Make Launching on Solana Easy

Cryptocurrency trader and analyst Ben Armstrong believes that the battle for dominance among smart contract blockchains is well underway. In a video, Armstrong says Solana (SOL) and Elrond (EGLD) are the newest blockchain platforms that could “possibly unseat the big boys” such as Ethereum (ETH), Cardano (ADA), Polkadot (DOT) and Binance Smart Chain. The cryptocurrency […] The post Two Altcoins Could Unseat Ethereum, Cardano, Polkadot and Binance Smart Chain, Says Trader Ben Armstrong appeared first on The Daily Hodl.

Two Altcoins Could Unseat Ethereum, Cardano, Polkadot and Binance Smart Chain, Says Trader Ben Armstrong

The exchange-traded product will track the performance of Solana's native SOL token.

21Shares Launching World's First Solana ETP on SIX Swiss Exchange

Solana, the 14th-largest cryptocurrency in the market, is among the market's biggest gainers over the past 24 hours. 

Solana Mounts Bullish Recovery as Crypto Markets Rebound

Over 50 tokenized stocks can now be traded across platforms built on Solana.

Tesla, Facebook, Google, Stocks Launch on the Solana Blockchain

Digital Assets AG, a Switzerland-based firm that tokenizes financial instruments, has launched tokenized stocks on the Solana blockchain. The post Digital Assets launches Solana-based tokenized stocks on FTX appeared first on The Block.

Digital Assets launches Solana-based tokenized stocks on FTX

Tokenized versions of popular stocks such as Tesla Inc (NASDAQ: TSLA) and Facebook Inc (NASDAQ: FB) will be available for trading on FTX through infrastructure made available by Swiss firm Digital Assets AG or DAAG using

Tokenized Tesla, Netflix, Facebook Stocks Coming On FTX Platform Via Solana Blockchain

Since around the middle of May, the crypto markets have seen hard times. However, 1 cryptocurrency hasn't entirely followed the dip and has distinguished itself from the rest of the market.

Check Out The Crypto Of The Day: SOL

LMAX CEO David Mercer said the key question for DeFi going forward is, how do you value this stuff?

Solana-Based Pyth Network Adds Institutional Crypto Exchange LMAX as Data Provider

Curve DAO Token

Loopring

NEAR Protocol

Crypto investing giant Grayscale is considering adding 13 different altcoins to their holdings to offer as investment products. In a new statement, the crypto titan says it is exploring support for the following cryptocurrencies: 1inch (1INCH) Bancor (BNT) Curve (CRV) Internet Computer (ICP) Kava (KAVA) Kyber Network (KNC) Loopring (LRC) NEAR (NEAR) Polygon (MATIC) Ren […] The post Crypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other Altcoins appeared first on The Daily Hodl.

News for Solana Crypto (SOL)