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 broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.

Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead

Matthew Sigel, head of digital assets research at Vaneck, revealed that there is speculation around the cause of the latest Solana outage, which stopped its blockchain by five hours. Sigel explained that the bug that created this service interruption was related to the Berkley Packet Filter (BPF) and that it might have been manually triggered.

Vaneck Exec States Solana Outage Might Have Been Manually Triggered

A closely followed crypto strategist believes that one artificial intelligence (AI) related altcoin project could still move higher even after already seeing heavy gains.

Trader Updates Outlook on Altcoin That's Exploded 900% in Less Than Four Months, Issues Warning on Solana

Liquid staking service Sanctum, NFT collateralization platform Sharky and cross-chain protocol deBridge were put forward as candidates.

Solana DEX aggregator Jupiter unveils next launchpad token candidates

Solana holders are seeing green again today after being in the red a few days ago after the network experienced an outage.

Solana Price Up 6% as It Recovers From Network Outage

Polygon

Centralized crypto derivatives exchange Deribit has announced its intention to offer linear options for SOL, XRP and MATIC.

Deribit launching linear options for SOL, XRP and MATIC

Bitcoin

Ethereum

Bitcoin BTC , alongside other major cryptocurrencies ethereum, XRP XRP and solana, have suddenly shot higher—rocketing as the Biden administration declares a crypto "emergency."

‘This Is The Trigger'—The Real Shock Reason Behind The Sudden $200 Billion Bitcoin, Ethereum, XRP And Solana Price Surge?

Three projects will have the chance to debut tokens via the Jupiter LFG launchpad—but only if community members approve.

LFG: Jupiter Reveals Which Tokens It Could Launch Next on Solana

The phrase is only rolled out when things break on the popular blockchain.

Can We All Stop Pretending That Solana Is in Beta?

The crypto community has shown remarkable support for Solana Mobile's upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025.

Solana Mobile's ‘Chapter 2' Crypto Phone Surpasses 60,000 Preorders

Outages are a recurring headache, but Solana developers say it's worth tolerating to ensure long-term safety and security.

Solana Went Down Again—It Likely Won't Be the Last Time

Top US-based crypto exchange Coinbase is potentially preparing to list a Solana-based (SOL) decentralized wireless provider, catalyzing a price spike for the network's native altcoin. In a new announcement, Coinbase says it's listing Helium Mobile (MOBILE) to its listing roadmap, which alerts traders that the exchange could soon add support for certain digital assets.

Coinbase Triggers Jump for Solana-Based Altcoin After Placing it on Listing Roadmap

The Solana network was down almost five hours before a software patch brought it back online, marking the first major outage in nearly a year.

Solana Price Rebounds as Network Restarts After Outage

Solana (CRYPTO: SOL), the high-speed blockchain known for its recent surge in activity, faced another hiccup on Tuesday with a five-hour outage. This disruption caused its native token, SOL, to dip from around $96 to below $94.

Solana Stumbles: 5-Hour Outage Hits Popular Blockchain

The Layer 1 network Solana restarted after around four hours of halted block progression.

Solana network restarts after outage that lasted five hours

The Solana layer one (L1) blockchain is currently experiencing a service disruption, with the Solana Status website revealing that engineers are actively probing the cause. Validators on mainnet have received instructions to implement an upgrade to version 1.17.20 and to initiate a system reboot.

Solana Faces First Outage of the Year; Engineers Deploy Fix as SOL Dips 3%

The recent airdrop of JUP, the token of the Solana native Jupiter exchange, was allegedly gamed by an individual who avoided established controls. An unknown airdrop hunter received 1.85 million JUP (almost $1 million) using over 9,000 wallets for this task, with some users presuming an insider leaked the airdrop information beforehand.

Solana's Jupiter Airdrop Allegedly Leaked: A User Received Almost $1 Million Using 9,246 Wallets

The price of Solana's SOL token wavered after the network rolled out a software update to validators following a "major outage."

SOL Dips 4% Following Solana Network Outage

Solana suffered a major outage that halted block production for over 25 minutes before validators began preparing for restart.

Solana Validators Prepare for Restart as Network Suffers 'Major' Outage

The price of Solana (SOL) is falling steadily but is trapped between the moving average lines.

Solana Pauses Over $95 As It Continues Sideways

Solana has confirmed an outage on its mainnet, with engineers across the ecosystem currently investigating.

Solana confirms outage on mainnet, engineers are investigating

Solana Mainnet-Beta is experiencing a performance "degradatation," a validator said.

Solana Network Suffers Brief Outage, SOL Steady

This year's mtnDAO is flush with cash and short on monitors.

Solana's Most-Notorious Hacker House Is Bigger Than Ever

Chapter 2, the successor to Solana's hit crypto phone Saga, reached 60,000 preorders ahead of its tentative 2025 rollout.

Solana ‘Chapter 2' crypto phone reaches 60,000 preorders

Chainlink

A closely followed crypto strategist believes that the altcoin markets may be setting up for a strong surge in the coming weeks.

News for Solana Crypto (SOL)