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 report reveals that one such worker juggled 12 fake personas across the U.S. and Europe and sought employment by fabricating references

Google Warns Solana Projects That North Koreans Are Increasingly Targeting European Projects

Google Threat Intelligence warned that North Korean IT workers have worked on crypto projects in the EU and UK.

North Korean IT Workers Infiltrated European Solana-Based Projects: Google

Cardano

Bitcoin

Ethereum

Grayscale has filed with the SEC to list its digital large cap fund as an ETF on NYSE Arca, offering exposure to bitcoin, ethereum, XRP, solana, and cardano. Grayscale's Digital Large Cap Fund Targets NYSE Arca Listing for Broader Crypto Exposure Crypto asset manager Grayscale Investments filed a Form S-3 registration statement with the U.S.

Grayscale Seeks SEC Approval to List Crypto ETF With BTC, ETH, XRP, SOL, ADA Holdings

The executive of one of the largest crypto industry groups in Washington D.C. will join Solana's Policy Institute, beginning May 19.

Kristin Smith Steps Down as Blockchain Association CEO to Lead Solana's Policy Push

Kristin Smith, the CEO of one of the biggest advocacy groups in Washington, is leaving for the newly created Solana Policy Institute.

Blockchain Association CEO Kristin Smith departs to join new Solana Policy Institute

The chief of one of the industry's most prominent lobbying arms, Smith will leave in May to join the Solana Policy Institute as president, her association says.

Crypto Advocate Kristin Smith to Exit Blockchain Association for New Solana Group

The shift in leadership occurred amidst a bearish market sentiment, particularly within the memecoin sector.

Ethereum Reclaims No. 1 Spot as Leading DEX Chain for First Since September, Overtakes Solana

Elon Musk's potential revival of Vine has triggered a surge in the Solana-based meme coin $VINE, which jumped 122% in three days.

Elon Musk's Comment on Vine Sparks 122% Surge in Solana Meme Coin

Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into altcoin digital asset investment products last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products enjoyed inflows last week after record-setting levels of outflows.

‘Positive But Cautious' Investors Pour Capital Into Ethereum, Solana, XRP and Sui: CoinShares

Exchange-traded fund (ETF) service provider Volatility Shares launched two solana futures ETFs on March 20, the Solana ETF (SOLZ) and the 2x Solana ETF (SOLT). Both funds have had decent performance thus far, recording average daily trading volumes of roughly 80,000 and 140,000 units respectively, or $1.25 million and $2.16 million, according to Yahoo Finance.

Solana Futures ETFs Fall Flat

Long time crypto advocate Miller Whitehouse-Levine is taking on his next endeavour in Washington in launching the Solana Policy Institute.

New advocacy group Solana Policy Institute aims to educate Washington lawmakers to go ‘beyond bitcoin'

Dogecoin fan Elon Musk appeared to have given the go ahead for video app Vine to be revived, causing a related meme coin to spike.

Solana Meme Coin Spikes as Elon Musk Hints at Vine Revival

The price of Solana (SOL) has been trading in a range since the March 11 plunge, trading above the $110 support but below the $140 resistance for the past three weeks.

Solana's Bullish Rally Fails At The $140 Threshold

An analyst who accurately called the 2022 crypto meltdown is warning that Bitcoin (BTC) and Solana (SOL) are likely to print new lows this year.

Bitcoin and Solana Capitulation Event in Sight, Warns Trader Who Nailed 2022 Crypto Collapse – Here's His Outlook

Analyst and trader Ali Martinez is leaning bearish on Solana (SOL) as the sixth-largest crypto asset by market cap lies about 53% below the all-time high recorded in January.

‘Time To Be Cautious': Trader Says Indicator That Perfectly Predicted a Rally on Solana Has Now Turned Bearish

Stern has detailed her allegations of sexual assault from Tate describing it as a "traumatic" encounter tied to crypto promotions.

Influencer Behind Solana Meme Coin Files Abuse Lawsuit Against Andrew Tate

A wave of Studio Ghibli-inspired images has taken over social media after OpenAI's latest update to its ChatGPT-4o model.

Ghibli-Style AI Image Trend Triggers 40,000% Surge in Solana Meme Coins

Studio Ghibli-inspired AI images are everywhere right now, and the social media trend has pumped a Solana meme coin inspired by it.

'Ghiblification' AI Anime Image Trend Pumps GHIBLI Solana Meme Coin

Dogecoin

Interactive Brokers has announced the addition of four new cryptocurrencies—Solana (SOL), XRP, Cardano (ADA), and Dogecoin (DOGE)—to its trading platform.

Interactive Brokers Adds SOL, XRP, ADA, and DOGE to Its Crypto Trading Platform

The new listings come more than three years after Interactive Brokers first launched its crypto trading services for BTC, ETH, LTC and BCH.

Interactive Brokers expands crypto trading to include SOL, XRP, ADA and DOGE three years after launching the service

The internet is full of people converting images to AI-generated pictures in the characteristic style of some animated movies by Japan's Studio Ghibli. Memecoin traders are looking to cash in on the trend.

Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI's 4o Release

The double top pattern typically requires confirmation through a decisive drop below the "neckline," the support level between the two peaks, which lies around $80,000 to $84,000 based on recent price action.

Bitcoin's Price Recovery Runs Into a Bearish Double Top Patter, What Next for XRP, SOL, DOGE?

BlackRock's tokenized money market fund, BUIDL, has expanded to the Solana blockchain as its assets under management (AUM) surpass $1.7 billion.

BlackRock Expands BUIDL to Solana as Tokenized Fund Surpasses $1.7 Billion

The financial services giant is the latest issuer to take steps toward launching a fund based on the sixth largest cryptocurrency.

Cboe Exchange Submits Filing to List Fidelity Solana ETF

Nikita Bier joins Solana as advisor tasked with helping to select companies launch and grow their mobile apps.

News for Solana Crypto (SOL)