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

Bitcoin

Ethereum

Following a week of green, the cryptocurrency market is bleeding again, once more dropping back into the billions range.

Crypto Market Falls Below $1 Trillion as Bitcoin, Ethereum and Solana Sink

Solana fell for a second consecutive session on Tuesday, pushing the token to its lowest level in twelve days. The move comes as sentiment in crypto markets turned bearish ahead of tomorrow's FOMC meeting. Near protocol was also lower, dropping by as much as 12% today.

Biggest Movers: SOL Slips to 12-Day Low, as NEAR Drops by Nearly 12% on Tuesday

Avalanche

Dogecoin

Chipotle Mexican Grill, often referred to as simply Chipotle, has announced a new cryptocurrency game that encourages fans to “Buy the Dip.” The game aims to give away over $200K in crypto rewards and coupons for specific foods priced at a penny. Chipotle Returns With Another Crypto-Infused Contest In April 2021, Bitcoin.

Chipotle's ‘Buy the Dip' Game Plans to Reward Players With $200K in ETH, BTC, SOL, AVAX, and DOGE

With the first half of the year gone, statistics from the second quarter of 2022 indicate that the crypto economy has tumbled significantly in value, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value during the past three months.

BNB Was the Top Ten's Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst

A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space.

Finder's Crypto Experts Predict Solana Rising to $512 by 2030

Happy Friday Everyone! 👋 There's no telling when Crypto Winter will be over but the weather for crypto prices over the last week has been bright & sunny.

GRIT - Solana Is Gaining Ground

Solana protocol Cardinal — which aims to improve the utility of NFTs — has raised $4.4 million in seed funding. The post Solana NFT utility protocol Cardinal raises $4.4 million in seed funding appeared first on The Block.

Solana NFT utility protocol Cardinal raises $4.4 million in seed funding

Hoffman is using OpenAI's AI-powered image rendering platform to generate NFT artwork to auction via Magic Eden.

LinkedIn Founder Reid Hoffman Turns DALL-E AI Art Into Solana NFTs

OpenSea now has its own minting platform to rival Magic Eden, but launch partner Zoonies appears to be stumbling out the gate.

OpenSea Debuts Solana NFT Launchpad to Lackluster Demand

A popular analyst is diving into the price charts for half a dozen crypto assets as the markets rebound from a challenging last few months.

Here's What's Next for Solana, Avalanche and One Hot Ethereum Rival, According to Top Crypto Analyst

Cosmos

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 Modern blockchains are becoming progressively more modular over time, with the Ethereum merge representing one of the largest efforts to change the architecture of a blockchain to date Major upgrades that are beginning to roll out stand to change the way users interact with the Solana and Cosmos ecosystems

Layer by Layer Issue 40: Ethereum, Solana, and Cosmos

Recent data indicate that active wallets across the Solana (CRYPTO: SOL) grew by more than 58% in 2022. What Happened: Solana's network has been growing extensively over the past 18 months.

Solana's Active Wallets Grow, But Not Everything Is Blooming

A closely followed crypto strategist is reacting to the recent market-wide rally, updating his predictions for a trio of digital assets. Pseudonymous crypto analyst DonAlt updates his 416,400 Twitter followers on Ethereum (ETH) after the leading smart contract platform went vertical on the Bitcoin (BTC) trading pair. “Full send, as expected.

Ethereum and Solana Primed To Continue Rallies, Predicts Top Crypto Analyst – Here Are His Targets

Data shows that active wallets using the popular network have grown by over 58% since the start of this year.

Solana's New Daily Address Growth Outpaces Other Blockchains, SOL Jumps

A closely followed analyst is offering his take on Ethereum (ETH) and two of its biggest rivals as digital asset markets see a fresh bounce.

Crypto Analyst Says Ethereum Going Through ‘Important Breakout,' Updates Outlook on Solana and Avalanche

Cardano

Algorand

Polkadot

The narrative around Ethereum has shifted, ETH is on a tear, and competing coins appear to be benefiting as well. Will it last?

Solana, Avalanche and Other 'Ethereum Killers' Are Riding the Merge Pump

Closely followed crypto analyst Justin Bennett is eyeing one move-to-earn altcoin for a potential rally to the upside. Bennett tells his 102,000 Twitter followers that blockchain-based fitness and lifestyle app STEPN (GMT) could possibly see a major breakout from a symmetrical triangle formation. “GMT is one to watch this month.

This Solana-Based Altcoin Is One To Watch This Month, Says Top Crypto Analyst – Here's Why

A closely tracked crypto analyst says that smart contract platforms Ethereum (ETH) and Solana (SOL) are gearing up for rallies leading into September.

Ethereum (ETH) and Solana (SOL) Hinting at Relief Rallies Going Into September, Says Crypto Analyst – Here's Why

Hedera

Polygon

A robot that's garnered a reputation for outpacing the crypto markets is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) both start the week with positive momentum. Each week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus.

Robot Known for Outperforming Markets Eyes Ethereum, Solana, Hedera and One More Altcoin Amid Crypto Rebound

A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio.

Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy'

MATIC rose to its highest level in over two months on Friday, as crypto markets were mostly green in today's session. SOL was one of the tokens in the green, as price climbed for a third straight session heading into the weekend.

Biggest Movers: SOL up by Over 10% on Friday, as MATIC Hits 2-Month High

A popular crypto analyst says that relief rallies could help one Ethereum challenger surge by over 100% over the next several months  The pseudonymous trader known as Pentoshi tells his 586,800 Twitter followers that Solana (SOL) could climb as high as $80 if it breaches $42.

Crypto Analyst Predicts One Ethereum Rival Could Explode by Up to 110%, Says Cardano Is Primed To Fall Further

UnCaged Studios, the developer of the Solana-based game MonkeyLeague, has raised $24 million in a Series A funding. The post Solana-based MonkeyLeague game developer raises $24 million appeared first on The Block.

Solana-based MonkeyLeague game developer raises $24 million

A popular crypto strategist is issuing a warning to investors and traders of Ethereum (ETH) competitor Solana (SOL). Crypto analyst Justin Bennett tells his 101,900 Twitter followers that Solana has broken down from its diagonal support after an upside fakeout and now appears headed to lower levels.  “Markets got choppy over the weekend as expected, […] The post Top Crypto Analyst Warns of More Downside for Ethereum Rival Solana (SOL), Updates Forecast for Bitcoin (BTC) appeared first on The Daily Hodl.

Top Crypto Analyst Warns of More Downside for Ethereum Rival Solana (SOL), Updates Forecast for Bitcoin (BTC)

Solana Labs co-founder Anatoly Yakovenko says the tech firm's new mobile phone aims to bring droves of new users to the crypto world. In a new interview on the Bankless YouTube channel, Yakovenko says that Saga, Solana Labs' new Android-based Web 3.0-enabled smartphone, aims to make transacting with and managing digital assets “as amazing as […] The post Can Solana Bring 1,000,000,000 More Users to Crypto? Anatoly Yakovenko Explains Goal Behind New Mobile Phone appeared first on The Daily Hodl.

News for Solana Crypto (SOL)