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

Swiss luxury watchmaker Franck Muller has partnered with Solana (CRYPTO: SOL) blockchain to launch the Franck Muller 41mm Solana limited edition watch, retailing for $24,331 (20,000 Swiss francs). The collaboration represents a first-of-its-kind fusion of traditional Swiss craftsmanship with Web3 technology.

Would You Wear Your Crypto? Franck Muller Unveils $24K Solana Watch With Built-In Wallet

Solana, a top-10 cryptocurrency project, has announced a change to its consensus protocol to turbocharge the network's performance. Alpenglow, the new implementation, reduces latency to near Web2 levels, making Solana capable of competing with Web2 providers.

Increased Bandwidth, Reduced Latency: Solana Proposes New Consensus Protocol

Luxury watchmaker Franck Muller has partnered Solana to launch a limited edition watch, the Franck Muller 41mm Solana. Blending High Watchmaking With Web3 Swiss luxury watchmaker Franck Muller has partnered with the Solana blockchain to launch a limited edition timepiece.

Luxury Watchmaker Franck Muller Debuts Timepiece With Built-In Solana Wallet

The cryptocurrency market faces renewed pressure as Solana (SOL) dropped below its stable $177 trading range, reflecting broader concerns about global economic stability.

Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Learn how to stake Solana and earn rewards. This guide covers staking basics, staking Solana, and maximizing your earnings on the Solana blockchain.

How To Stake Solana And Earn Rewards

If you've ever wanted to have your Solana wallet on your wrist while flexing your wealth, Swiss watchmaker Franck Muller is making that a reality.

Swiss watchmaker Franck Muller Unveils Limited Edition Solana Watch

The integration "marks the beginning of a multichain journey," said the multi-chain protocol—with more in the pipeline.

WalletConnect Token Lands on Solana With WCT Airdrop

On Friday, Kalshi—the federally regulated prediction exchange headquartered in New York City—disclosed that it now permits solana ( SOL) deposits for account funding.

Kalshi Continues to Double Down on Crypto, Adds Solana to Betting Arsenal

The WalletConnect Foundation will airdrop 5 million WCT to active Solana users via partners like Phantom, Jupiter, Backpack and Solflare.

WalletConnect token expands to Solana with 5 million WCT set for airdrop

President Trump's exclusive crypto dinner Thursday became the launchpad for one attendee's meme coin, but it didn't go so well.

Someone Launched a Solana Meme Coin From the Trump Crypto Dinner—It Flopped

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Crypto deposits on Kalshi give a user faster funding and a higher deposit limit of $500,000, the company says.

Kalshi now accepts Solana after adding support for Bitcoin, USDC, and WLD

Leading cryptocurrency Bitcoin (CRYPTO: BTC) hit new all-time highs this week, a positive for investors who have been buying and holding crypto for years or newer investors who have bought crypto or Bitcoin ETFs in recent months. One member of Congress likely isn't smiling when looking at the Bitcoin chart, as he cashed out too early.

Congressman Bought Bitcoin, Solana, XRP In December — And Didn't HODL: A Look At Missed Profits By Selling Before BTC All-Time Highs

The San Francisco-based crypto exchange Kraken is bringing tokenized versions of popular US-listed stocks and exchange-traded funds (ETF) to its clients in select non-US markets. In a statement, Kraken says it partnered with the tokenized stocks and ETF issuer Backed to launch xStocks on the Solana (SOL) blockchain.

Kraken Taps Solana Blockchain To Roll Out Tokenized American Stocks and ETFs for Non-US Traders

R3 announced a strategic collaboration with the Solana Foundation aimed at merging public and private blockchain networks to enhance institutional access to digital capital markets. This partnership will leverage R3's enterprise-grade private blockchain technology alongside solana's high-performance public mainnet, facilitating the integration of regulated financial institutions with tokenized real-world assets (RWAs).

R3 and Solana Foundation Unite to Bridge TradFi and DeFi via Strategic Collaboration

The price of Solana (SOL) has been above the moving average lines since April 19.

Solana Bounces Above $160 And Continues Its Advance

Jupiter Lend, which will tap the liquidity layer Fluid, features a bespoke liquidation engine and “dynamic limits to isolate risk," Kash Dhanda said.

‘Liquidity begets liquidity': Solana DEX aggregator Jupiter unveils a new lending protocol

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It's nearly all green across the crypto markets Thursday as Bitcoin nears $112,000, propelling the likes of Ethereum, Solana, and Dogecoin.

Ethereum, Solana and Dogecoin Jump as Bitcoin Sets Another Record Price

Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY).

Centrifuge Expands Tokenized RWAs to Solana, Starting With $400M Treasury Fund

A widely followed trader says Bitcoin (BTC) is not done printing new all-time highs after breaking out of key resistance levels this week.

Crypto Trader Says Bitcoin Has Entered Price Discovery, Updates Outlook on Ethereum, Solana and Dogecoin

A number of large banks and other traditional financial (TradFi) institutions are set to use the Solana blockchain for their tokenization efforts.

Major TradFi Institutions to Pursue Tokenization Efforts on Solana

The device launches in four phases, with early access for existing Solana SBT holders receiving up to $70 in SOL rebates.

Ledger Launches Solana Branded Ledger Flex Hardware Wallets

The purple and green device will also include an exclusive Soulbound token, which cannot be transferred between users, but may yield future rewards.

Hardware manufacturer Ledger releases Solana-branded non-custodial wallet

Corda developer R3 has tapped Solana to bring its $10 billion-plus of real-world assets issued by financial institutions onto a public ledger.

R3, builder of permissioned Corda blockchain, to enter public ‘internet capital markets' through Solana

Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center.

Solana Gears up to Disrupt the Mobile Status Quo With Seeker

Santori said the firm's SOL treasury strategy lets the firm maneuver in ways that a "simple, passive" fund cannot, offering potential reasoning behind the firm's aggressive solana accumulation pivot earlier this year.

News for Solana Crypto (SOL)