Solana News
What is Solana (SOL)?
Solana is a blockchain platform known for its speed and efficiency. Solana aims to provide a high-performance, low-latency platform for decentralized applications (dApps).
The project began in 2017 with the goal of creating a blockchain that can handle over 10,000 transactions per second. Solana has grown to become one of the largest cryptocurrencies in the world.
How does Solana SOL work?
The Solana project is intended to be the first of a new kind of blockchain. It was inspired by Bitcoin, Ethereum, and other blockchains, but it has been designed to be very different from them. The purpose of the project is not only to create a new cryptocurrency; its creators have also built an entirely new kind of blockchain.
What makes Solana unique?
Solana is a new blockchain protocol that uses proof of history, and a unique algorithm to validate transactions. Most blockchains use either a proof-of-work or proof-of-stake consensus mechanism, with proof-of-stake being the more efficient option. Solana uses a hybrid protocol that combines proof-of-stake with proof-of-history for even faster processing
One of the most exciting developments with Solana has been Solana Pay, a free-to-use payments framework. It allows merchants to accept payments directly from customers through the Solana network. Payments are made in stablecoins such as USD Coin which are designed to maintain a stable price.
Is Solana better than Ethereum?
While both Ethereum and Solana were created as open-source platforms that allow users to build and design their own applications, Solana boasts some benefits over Ethereum, including its ability to process transactions nearly instantly, at a fraction of the cost.
Is Solana a good investment?
Solana is a high-speed, low-cost, and secure blockchain that supports decentralized apps (dApps). The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes. SOL is currently trading closer to its lows, potentially making it a good deal.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
The first DApp built by an independent developer is launching on the Public Mint blockchain, offering trading directly between MINT tokens and USD.
NovelSwap is a next-gen decentralized...
Nyan Heroes proudly announces an official partnership with Metaplex Studios with strategic support from Solana Labs.
Nyan Heroes is making a splash as the next biggest game in the...
Saber is excited to launch a stable Ethereum-bridged USDC liquidity pool on Solana in partnership with Allbridge.
Allbridge provides the bridging solution connecting Ethereum and other...
GooseFX team is excited to share their project updates with the community; including some talented new hires, upcoming contests, and development updates.
After a rigorous interview process,...
MoonLana introduces Lanatools Beta v1.0. Their second integration tool for the Solana Ecosystem. After they released the First Onchain Solana Tipbot, they wanted to provide more for the...
Saber is excited to announce the 2021 Q4 Roadmap, including staking and voting, dual yields, additional LP token utility, and analytics.
Saber did an exciting accomplishment for Q3. The...
The Cyclos team proudly introduces CycloSwap – the most advanced swap interface on Solana.
The importance of the swap mechanism to DeFi is often taken for granted, despite the...
CropperFinance is thrilled to announce its Farm Launcher’s hero feature, The Fertilizer, a feature that celebrates DeFi innovation while rewarding farmers.
Cropper Finance will be the...
Allbridge is thrilled to announce its partnership with Mobius to bring Solana USDC to Celo.
Allbridge, is expanding its cross-chain support with more assets for Celo. They launch a bridge...
Synchrony explains an aspect of investing called knowledge-based index investing, and how it can help specifically with getting people into investing assets in a smart and safe manner.
What...
Plutos Network is delighted to announce the launch of its 1st Liquidity Reward Program on PancakeSwap.
Plutos Network is launching a liquidity mining program to reward PLUT/BNB liquidity...
The latest updates of Off-Piste Protocol. Each of these updates is to help you know of the progress as they build the first protocol to democratize access to private capital...
Staking is now live on ORCA, the most user-friendly cryptocurrency exchange on the Solana blockchain.
Head over and deposit your tokens now at orca.so/staking or one of your...
SolShop is an open marketplace to discover, buy, create and sell NFTs and crypto collectibles on Solana. They are an open marketplace that allows anyone to mint their own Image, Video,...
EVO-DAO introduces the most accessible art competition on Solana, The Golden Frame.
Showcase Your Art Before You do Your Next Drop.
Anyone can apply to EVO-DAO’s Golden...
The coolest Flamingos Crew are back in town! MINT LIVE for 24 hours. It will be available in MagicEden and DigitalEyes shortly after finish minting.
Each Flamingo has a mint cost of 0.6 SOL...
Genopets is the world’s first move-to-earn non-fungible token (NFT) Game powered by Solana. Genopets combines the nurturing and evolution of Tamagotchi with the training and battling of...
Cyclos is delighted to reveal that Halborn, an elite cybersecurity auditing firm in the crypto space, completed the security of its concentrated liquidity market maker platform.
Halborn was...