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

Cryptocurrency analysts of Coinidol.com report, Solana's (SOL) upside correction is encountering resistance at the $17 high or the 21-day SMA limit.

Solana's Positive Moves Meet Resistance At $17 High

The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates.

Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending

A widely followed crypto trader believes that one top-10 altcoin could double in price amid a crypto market bounce.

Top Crypto Analyst Issues Bullish Alert, Says One Ethereum Rival Could Explode by 100%

Cardano

Bitcoin

Dogecoin

Ethereum

Polygon

The timing of the filing, amid high-profile regulatory actions towards crypto from the SEC, shows that BlackRock sees a strong opportunity to be among the first to inv

‘A New Wave'—Major Bank Reveals A $15 Trillion Earthquake Could Be Headed For The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana And Polygon Price

Expectations are climbing that an economic stimulus package out of China could "inflate everything"

Forget The Fed—China Is Gearing Up To ‘Rip In Trillions Of Dollars' As The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana Swing

Solana (SOL) price has recovered after falling to a low of $13.02.

Solana Faces Rejection At $16 As He Risks Further Decline

Crypto marketplace Bakkt has reportedly delisted the Ethereum (ETH) competitors Cardano (ADA) and Solana (SOL), as well as the blockchain scaling solution Polygon (MATIC). Last week, the U.S. Securities and Exchange Commission (SEC) labeled all three of the delisted tokens “crypto asset securities” in lawsuits against the exchanges Binance and Coinbase.

NYSE-Backed Crypto Marketplace Bakkt Delists Cardano, Solana and Polygon After SEC Calls Them Securities: Report

Solana climbed for a third consecutive session, as crypto markets rebounded to start the weekend. At the time of writing, the global market cap rose by 3.3%, as bullish sentiment returned. Polygon was another notable gainer, surging by over 5% on Saturday.

Biggest Movers: SOL, MATIC Move Away From Key Support Levels on Saturday

Solana is carving out a niche in the mobile phone industry with the Saga. We spoke with a few users to find out how they've been using the device.

Solana's crypto smart phone is searching for niche in crowded field

New York-based digital assets platform Bakkt has decided to remove three major cryptocurrencies Solana (CRYPTO: SOL), Polygon (CRYPTO: MATIC), and Cardano (CRYPTO: ADA) from its listings. This move comes not long after Bakkt acquired Apex Crypto, a trading infrastructure provider, for $155 million.

Bakkt's Crypto Cleanup: SOL, MATIC, And ADA Get The Boot Pending 'Further Clarity' From SEC

According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt's general counsel stated that the platform will expand its coin offering once there is “further clarity.

Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns

The publicly-listed company is waiting for further regulatory clarity.

Bakkt to Delist Solana, Cardano and Polygon Following SEC Lawsuits

Bakkt has delisted Solana, Polygon and Cardano due to regulatory uncertainty following the SEC's lawsuits against Binance and Coinbase.

Bakkt delists Solana, Polygon and Cardano amid regulatory uncertainty: Fortune

“I work on the largest Solana project, with more than 10 developers, and nobody is discussing [a hard fork]” said Matías Kudelski, a cyber security researcher who audits Solana's code.

Solana Hard Fork to Stave Off SEC? Devs Say It's Not Happening

The Switzerland-based Solana (SOL) developer is objecting to the U.S. Securities and Exchange Commission's (SEC) allegation that the 11th-largest crypto asset by market cap is a security. The Solana Foundation says that it disputes the claims made by the SEC in a lawsuit filed against crypto exchange Binance last week.

Solana Foundation Says SOL Is Not a Security in Response to SEC Charges

The tokens were up as much as 5% in the past 24 hours even as the broader market remained nominally changed.

SOL, ADA, MATIC Prices Stabilize as Foundations Hit Back on SEC Lawsuit Allegations

Robinhood Markets, the popular online brokerage, has announced the removal of three cryptocurrency tokens from its platform.

Robinhood Delists Crypto Assets Deemed Securities by SEC

Although all disagreed, each organization tied to the trio of tokens show varying levels of conviction.

Solana, Cardano, Polygon Push Back Against SEC 'Security' Label

Cosmos

A crypto investor who accurately called the bottom of the bear market last year is doubling down on some of his calls despite plunging markets.

Venture Capitalist Doubles Down on Solana and Cosmos, Says 2024 Redemption Arc Incoming

The price of Solana (SOL) has declined since April 17. The oversold area of the market was affected by the downturn.

Solana Jumps Above $14 Low And Reaches Oversold Area

Ethereum (ETH) competitor Solana (SOL) witnessed an explosion in on-chain activity last month, according to the crypto data firm Nansen. Nansen notes that Solana's monthly active address count surged by 86% in May, reaching a total of 9.5 million addresses, which ranks third among all chains.

Ethereum Competitor Solana Witnesses 86% Increase in Monthly Active Addresses in May: Crypto Data Firm Nansen

Shiba Inu

The cryptocurrency space was swathed in a sea of red Saturday morning, as most altcoins pulled back sharply. What Happened: The sharp pullback came amid the SEC's lawsuits against cryptocurrency exchanges Binance and Coinbase Global, Inc. (NASDAQ:COIN).

Crypto Mayhem On Saturday: Why Polygon, Solana, Dogecoin, Shiba Inu, And Other Altcoins Are Tumbling

Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.

SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations

Crypto's latest crash comes as one of the top global credit rating agencies, Moody's, dropped its outlook on embattled bitcoin and crypto exchange Coinbase from stable to negative—signaling further declines to come

‘Bloodbath'—Sudden $1 Trillion Crypto Crash Sparks Fresh Coinbase Warning And Tanks The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana

Four large-cap digital assets cratered in price this week after the U.S. Securities and Exchange Commission (SEC) labeled them securities in a pair of lawsuits against high-profile crypto exchanges.

News for Solana Crypto (SOL)