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).
Notifi Hub, new cross-chain integrations with Polygon, Aptos, and Acala blockchains! Alongside Ethereum and Solana, users can connect their respective crypto wallets to receive...
Cross-chain Stable Swap, a new feature developed by Atlas DEX in partnership with Allbridge, has officially launched!
The Atlas DEX Stable Swap feature will provide cross-chain stable swaps...
A global content distribution network of high-performance servers for blockchain scalability, bloXroute Labs, introduces Solana Trader API.
The platform introduces bloXroute Solana Trader...
Cross-chain solutions provider Allbridge announced a recently published case study by Cossack Labs, a provider of data security tools.
Allbridge Classic case study by Cossack Labs...
Streamflow, a token distribution platform, announced support for WalletConnect, the communications protocol for web3.
WalletConnect, which allows wallets and apps to securely connect and...
Notifi which is shaping the future of web3 communications announced its sponsorship of the Mayhem League launch in Lisbon. Mayhem League is a first-of-its-kind cross-IP Web3 game that is...
RaceFi, the first AI/ML car racing game on the Solana ecosystem, announced a partnership with AFKDAO, the first-ever NFT bank based on its own ERC-4610 protocol.
RaceFi partnership with...
Switchboard, a multi-chain, permissionless oracle protocol, announced its integration with Snowflake, the most secure & feature-rich multisig platform on Solana.
This integration of...
MoraSwap, the number one decentralized exchange and launch platform built on Solana’s Neon EVM, has announced its updated Roadmap and Tokenomics.
Moraswap announced that the updated...
The leading blockchain Agnostic Launchpad, DeFi Hub, and incubation, Poolz announced a partnership with Neon Labs, which provides an Ethereum-compatible environment on Solana.
This...
Mirror World Smart SDK, the highest conversion Web3 development infrastructure for Mobile dApps, has announced a Strategic Technology Partnership with Rage Effect.
Mirror World Smart SDK and...
Onomy, a multi-chain suite that combines Forex and Decentralized Finance, announced a partnership with Neon Labs to expand Onomy’s vertically-integrated ecosystem to Solana.
This...
Ottr wallets are cryptocurrency wallets that are protected by the Solana blockchain. They are the modern equivalent of the Swiss bank vault.
For its users to earn new Solana every week, at...
Wordcel, a blogging platform on Solana that uses Arweave to store content is constructing the Solana Layerθ of Social Connections and Information Sharing.
Wordcel is creating...
Atlas DEX, a cross-chain DEX aggregator, announced a partnership with Snowflake to create DeFi’s most seamless cross-chain swaps platform.
Snowflake announced a partnership with the...
Shyft demonstrates how they can use the power of Solana Blockchain to integrate utility tokens as loyalty rewards system for eCommerce websites. Certain affiliate websites have loyalty...
Allbridge, a DAO-style multi-chain hub has joined the Brave Wallet Partner Program, as the new wallet option in AllbridgeCore.
Allbridge has joined the Brave Wallet Partner Program allows...
KyberSwap takes another step toward becoming the most efficient Aggregator in DeFi, offering the best swap rates while providing a seamless and secure experience.
KyberSwap launches Solana...