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

The crypto asset manager is now exploring a total of 31 new investment products.

Grayscale Looks to Add Solana, Polygon, ICP and 10 More Crypto Assets

Crypto asset manager Grayscale is exploring 13 more investment trust products, including ones tied to Solana and Polygon tokens. The post Grayscale is exploring 13 more investment products, including ones for Solana and Polygon appeared first on The Block.

Grayscale is exploring 13 more investment products, including ones for Solana and Polygon

Evan Cheng, the director of research at Facebook's Novi Financial, is also joining the project as an adviser.

Solana Foundation Leads $3M Investment in Blockchain Data Platform PARSIQ

The Solana ecosystem is backed heavily by Sam Bankman-Fried, and has been pitched as a faster, cheaper alternative to Ethereum.

Step Finance to Aggregate Solana's Decentralized Exchanges Onto Dashboard

A high-profile pseudonymous crypto trader says that one emerging smart contract platform may pose a more enticing long-term investment than top blockchain network, Ethereum. The analyst and trader known in the industry as The Crypto Dog, is spotlighting scalable layer 1 blockchain project Solana (SOL) amid the crypto market breakdown. The Crypto Dog believes that […] The post This Emerging Altcoin Is More Exciting Long-Term Bet Than Ethereum, Says Prominent Crypto Trader appeared first on The Daily Hodl.

This Emerging Altcoin Is More Exciting Long-Term Bet Than Ethereum, Says Prominent Crypto Trader

The ambitious Oxygen will enter its beta stage in the next two to three months, said co-founder Alex Grebnev.

Solana-Based Oxygen Taps Jump Trading in Bid to Be DeFi's Top ‘Prime Brokerage'

Solana Labs — the company behind the software that the Solana (CRYPTO: SOL) blockchain runs on — raised $314.15 million in a private token sale from investors, including Andreessen Horowitz's A16z and Polychain Capital.

Solana Labs Raises $314M From Andreessen Horowitz's A16z, Polychain Capital, Others

Solana's price increase comes amid Solana Labs raising over $300 million in a recent funding round.

Solana Labs Secures $314M in Funding as SOL Token Rises 20%

It's one of the largest token sales in recent memory.

Solana Labs Raises $314M in Token Sale Led by A16z, Polychain

Solana Labs announced on Wednesday that it has completed a $314.15 million private token sale, confirming reporting from earlier this week.

Solana Labs Announces $314 Million Fundraising Round

Solana Labs has raised $314.15 million in a private token sale round led by Andreessen Horowitz (a16z) and Polychain Capital. The post Solana Labs raises $314 million in new funding led by A16z and Polychain Capital appeared first on The Block.

Solana Labs raises $314 million in new funding led by A16z and Polychain Capital

Bitcoin

Ethereum

Analyst and trader Josh Rager is unveiling that he's buying four cryptocurrencies amid the sustained correction in the digital asset market. In a new tweet, the popular crypto strategist tells his 173,400 followers that he's scooping up Bitcoin (BTC), Ethereum (ETH), smart contract platform Solana (SOL) and multi-scaling solution Polygon (MATIC). Current positions $BTC $ETH […] The post Top Trader Says He's Buying These Four Crypto Assets Amid Market Retreat appeared first on The Daily Hodl.

Top Trader Says He's Buying These Four Crypto Assets Amid Market Retreat

Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million […]

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

Fresh funding could help blockchain organization Solana take aim at Ethereum with technology to accommodate demand for DeFi products, NFTs, and other decentralized applications.

Solana Rumored To Be Raising $450 Million To Build An Ethereum-Killer

One of the largest market makers on the NYSE is jumping on the Solana bandwagon. The post One of NYSE's largest market-makers is joining a Solana-based data project appeared first on The Block.

One of NYSE's largest market-makers is joining a Solana-based data project

What Happened: The Solana blockchain is reportedly raising between $300 and $450 million as it works on expanding network functionality to potentially challenge Ethereum.

Solana Blockchain Allegedly Raising Up To $450 Million As It Takes On Ethereum: Report

Solana, the blockchain network best known for powering FTX's decentralized exchange, is raising as much as $450 million. The post Solana is raising as much as $450 million in bid to take on Ethereum: report appeared first on The Block.

Solana is raising as much as $450 million in bid to take on Ethereum: report

Solana, the blockchain backed by FTX's Sam Bankman-Fried, is raising between $300 million and $450 million, according to a report Friday by Decrypt, largely citing anonymous sources.

Solana Blockchain Raising Up to $450M: Report

The sixteenth-largest cryptocurrency, which powers dapps on its network, is quickly recovering from the crypto market slump.

Solana Up 48% This Week As Smart Contract Platforms Lead Crypto Recovery

Solana's blockchain ambitions are growing as the scope of its projects expand.

Exclusive: Solana Is Raising Up to $450 Million to Challenge Ethereum

The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.

Solana Launches $20M Fund to Advance Ecosystem in Korea

“Metaplex will do for NFTs what Shopify did for commerce, but takes it one step further by not acting as the middleman,” said musician RAC.

Metaplex Foundation Launches Solana-Based NFT Marketplace

Solana is the latest blockchain to stand up an NFT offering. Its MetaPlex marketplace tool offers creatives low-cost and flexibility.

'Shopify for NFTs' Launches on Solana Blockchain

Two heavyweights of the crypto industry are contemplating whether Binance Smart Chain (BSC) and Solana (SOL) have the ability to overtake Ethereum as the leader in the decentralized finance (DeFi) space. In a new episode of The Unchained podcast, Kain Warwick, founder of derivatives liquidity protocol Synthetix, and Kyle Samani, managing partner of crypto-focused investment […] The post Can Binance Smart Chain and Solana Overtake Ethereum? Crypto Heavyweights Analyze the Future of DeFi appeared first on The Daily Hodl.

Can Binance Smart Chain and Solana Overtake Ethereum? Crypto Heavyweights Analyze the Future of DeFi

Solana (SOL) is an open-source project focused on facilitating decentralized app or DApp creation. It makes use of the permissionless nature of blockchains to provide decentralized finance or DeFi solutions.

News for Solana Crypto (SOL)