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).
SupraOracles, bridging real-world data to automate, simplify, and secure the smart contracts of financial markets, announced a partnership with Solaunch, a platform for DeFi, art, and...
A Multisig Treasury Management and Streaming Payments built on Solana, Zebec, introduces Operation Horizon.
The Continuous Settlement Protocol has introduces Operation Horizon –...
Cropper Finance, a decentralized platform on the Solana blockchain, has announced that the IDO Companion Guidelines are now accessible on its platform.
An all-in-one investment and trading...
A Multisig Treasury Management and Streaming Payments built on Solana, Zebec, has worked together with Eclipse, to launch its App Chain and to bring frictionless global payment...
Secretum, a revolutionary secure messaging and trading App, announced its collaboration with SolarDex, the first US-based Solana Dex that offers one of a kind safe platform.
SolarDex...
Eclipse, a developer of customizable modular rollups, has secured $15M for Customizable Solana VM in pre-seed and seed investment.
With this secured $15M financing of Eclipse for...
Kamino Finance is Solana’s ultimate liquidity destination, launches the UXD Stablecoin Strategy Vault.
Kamino Finance launches UXD stablecoin strategy vault. With the UXD vault included,...
NFTScan, an NFT data infrastructure, announced its cooperation with Banksea Finance, an NFT Price Discovery Protocol and Pool-based Lending Hub.
NFTScan reaches its strategic cooperation...
Hxro Network, composable liquidity, risk, and margining primitive for derivatives, launches USDC collateralized marketplace on Solana Mainnet.
Hxro launches a collateralized marketplace on...
Hubble Protocol, a decentralized finance and stablecoin project on Solana, introduces Isolated Solend cTokens Borrowing Vault.
Hubble introduces its first Isolated Vault, enabling Solend...
Rage Effect, the First AAA-graphics Play-and-Earn FPS game on Solana, announced its collaboration with MetaShooter, the first decentralized blockchain-based unique hunting Metaverse built...
Orca, the easiest way to exchange cryptocurrency on the Solana blockchain, introduces The Orca Climate Fund.
As the Orca ecosystem evolves, so do Orca’s Climate Fund initiatives.
The Orca...
Kala Network, a Web3 SocialFi Platform that allows users to earn by socializing with their friends, creating content & building community as Investment DAO run by their own minted NFTS....
Eversol, Everstake’s staking pool on Solana, announced its partnership with Hubble Protocol, a decentralized finance and stablecoin project on Solana.
Eversol announced its partnership...
Shima Capital, an early-stage global venture firm focused on supporting cutting-edge blockchain startups, has invested in Magna, a Token distribution on autopilot!
Shima Capital is delighted...
Sentre the First Solana All-in-one Open Platform with DApps Store and Universal Protocol for Liquidity, announced 6 Stablecoins Index Pool Now Live On Balansol.
The new 6 Stablecoins Index...
Seeded Network, a project incubator with a unique borrowing and lending solution, announced its integration with Chainlink Price Feeds on Solana Mainnet.
Seeded Network is thrilled to...
Soldex, a decentralized, scalable, and permissionless exchange, is forming a joint venture with AlfProtocol, a capital deployment protocol on Solana for liquidity provision and yield...