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

The vulnerability meant that secret recovery phrases were sometimes stored on a user's hard drive.

Ethereum Wallet MetaMask, Solana's Phantom Patch 'Demonic' Security Bug

Bitcoin

Ethereum

Shark Tank star and billionaire investor Kevin O'Leary is sharing his latest crypto investment strategy in the wake of volatility affecting most asset classes. In a new interview with the Bankless podcast, O'Leary explains how he abides by the general rules of portfolio theory when allocating capital for cryptocurrency investments. “I've been layering in now […] The post Shark Tank Investor Kevin O'Leary Details Crypto Holdings, Name-Drops Bitcoin, Ethereum, Solana and Additional Altcoins appeared first on The Daily Hodl.

Shark Tank Investor Kevin O'Leary Details Crypto Holdings, Name-Drops Bitcoin, Ethereum, Solana and Additional Altcoins

Data from leading digital asset manager CoinShares suggests that throughout 2022, institutional investors have shown a heavy preference to smart contract platform Solana (SOL). According to the latest CoinShares Digital Asset Fund Flows Weekly report, institutional investors have poured over $108 million into Solana (SOL) investment products this year, the most of any altcoin by far, […] The post Solana (SOL) Dominating Institutional Capital Flows for 2022 As Crypto Carnage Continues: CoinShares appeared first on The Daily Hodl.

Solana (SOL) Dominating Institutional Capital Flows for 2022 As Crypto Carnage Continues: CoinShares

NEAR Protocol

The host of popular YouTube channel Coin Bureau is comparing Ethereum challengers Solana (SOL) and Near Protocol (NEAR) amid mounting uncertainty in the crypto markets. In a new video, analyst known as Guy tells his 2.06 million YouTube subscribers that SOL has preferable tokenomics to NEAR.  “Tokenomics is where Solana shines. I don't know what […] The post Solana (SOL) vs. Near Protocol (NEAR) – Coin Bureau Host Analyzes Top Ethereum Rivals appeared first on The Daily Hodl.

Solana (SOL) vs. Near Protocol (NEAR) – Coin Bureau Host Analyzes Top Ethereum Rivals

Dogecoin

DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level since April 2021, whilst SOL was also trading close to a one-year low to start the week. Solana (SOL) SOL's sell-off saw prices fall to their lowest level since […]

Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash

Jack Dorsey misspelled the blockchain's name in a tweet as he set out his vision for what the next iteration of the internet should look like.

Solana Changes Name to 'Solano' After Jack Dorsey Typo

Solana Changes Name to 'Solano' After Jack Dorsey Typo — as Blockchain Called 'Unsafe'

The temporary move is a tongue-in-cheek embrace of Dorsey's public diss of the blockchain, and Solana fans are enjoying the joke.

Solana Changes Twitter Name to Solano After Bitcoin Maxi Jack Dorsey Misspells Chain

Justin Kan's crypto game marketplace, which recently raised $35M, seeks to make it easier for NFT newcomers to start playing.

Solana NFT Platform Fractal Aims to Simplify Web3 Gaming With Google Sign-In

ApeCoin

Avalanche

Chainlink

A closely followed crypto analyst is giving his outlook for Solana (SOL), Avalanche (AVAX), Chainlink (LINK) and ApeCoin (APE) amid the uncertainties in the crypto market. Pseudonymous crypto trader Altcoin Sherpa tells his 176,500 Twitter followers Solana is bound to recoup its all-time high, but in the short term, SOL could go up by 25% […] The post Here's What's Next for Solana (SOL), Avalanche (AVAX), Chainlink (LINK) and ApeCoin (APE) According to Top Crypto Analyst appeared first on The Daily Hodl.

Here's What's Next for Solana (SOL), Avalanche (AVAX), Chainlink (LINK) and ApeCoin (APE) According to Top Crypto Analyst

Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs' general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and […]

Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea

Optimism

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 The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to scaling, but they face the need to make additional technical advances before they can achieve sufficient stability at scale

Layer by Layer Issue 34: Optimism, Avalanche, and Solana

The report cites concerns about the network's crash-prone node architecture. But Solana Labs has already refuted many of the claims.

Crypto Ratings Project DeFi Safety Downgrades Solana Amid Infrastructure Concerns

The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea. What Happened: According to CoinDesk, the aim of the contribution is to boost the cryptocurrency and virtual gaming industries in South Korea.

Solana Ecosystem Looks To Pour $100 Million Into South Korean DeFi and Web3 Projects

The North Carolina congressman also has been accused of a pump-and-dump scheme tied to the “Let's Go Brandon” coin.

Madison Cawthorn Late to Disclose up to 950K in Bitcoin, Ethereum, Solana Trades

A closely tracked crypto strategist is mapping out high timeframe scenarios that will inspire bullish momentum in Ethereum (ETH) and two of its leading competitors. In a new strategy session, pseudonymous crypto analyst Cred says Ethereum is currently trading below crucial weekly support and bulls must reclaim it to have a shot at igniting a […] The post Here's What It Will Take for Ethereum, Solana and Avalanche To Spark Long-Awaited Rallies, According to Top Crypto Analyst appeared first on The Daily Hodl.

Here's What It Will Take for Ethereum, Solana and Avalanche To Spark Long-Awaited Rallies, According to Top Crypto Analyst

Cosmos

The Graph

Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius. Binance US Adds Staking Services On Twitter, Binance US […]

Binance US Adds Staking Services for 7 Different Crypto Assets

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Streamflow Wants To Make Solana Payments Much Easier

Solana this morning announced a new $100 million fund for Korean web3 startups. The post Solana sets up $100 million fund for Korean crypto startups appeared first on The Block.

Solana sets up $100 million fund for Korean crypto startups

The fund, created by Solana Ventures and the Solana Foundation, will focus on virtual gaming, and will invest in NFT and DeFi projects.

Solana Commits $100M to Support South Korean Crypto Projects

The current top staking option offers APY as high as 18%.

Binance US Launches High-Yield Crypto Staking for Solana, Avalanche and More

SOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. Following a strong start to the week, markets turned red, with AVAX being another token to fall victim to the latest red wave. Solana (SOL) SOL was back in the red on Tuesday, as today's sell-off pushed prices closer […]

Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action 

A closely followed crypto strategist is unveiling his top altcoin picks in preparation for a bear market bottom. In a new strategy session, pseudonymous trader DonAlt warns altcoins can still go down between 50% to 70% from current prices. The trader also says he's already eyeing a number of crypto assets for when Bitcoin (BTC) […] The post Solana, Dogecoin and This Type of Crypto Asset Are Top Altcoins To Accumulate in Bear Market Bottom, According to Popular Analyst appeared first on The Daily Hodl.

Solana, Dogecoin and This Type of Crypto Asset Are Top Altcoins To Accumulate in Bear Market Bottom, According to Popular Analyst

A popular crypto analyst says a number of altcoins are due for “brutal” bear market rallies as digital assets consolidate well below their all-time highs.

Analyst Predicts Solana (SOL) and Additional Ethereum Rival Will Pull Off Unexpected Bear Market Rallies

The host of YouTube crypto channel Coin Bureau remains confident in Solana (SOL) regardless of uncertainties spurred by the smart contract platform's recent outages. In a discussion on crypto channel Digital Asset News, the pseudonymous analyst known as Guy shares his thoughts on SOL as the Ethereum rival continues to dip in price.  “I think […] The post Host of Coin Bureau Says He's Confident in Ethereum Rival Solana (SOL) Despite Recent Outages – Here's Why appeared first on The Daily Hodl.

News for Solana Crypto (SOL)