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).
Sentre, is the First Solana All-in-one Open Platform with DApps Store and Universal Protocol for Liquidity, introduces Sen Store – The DApp Store for All Things Solana!
Sen...
Everlend Finance, a decentralized, meta lending protocol with an in-built money market and yield/loan aggregator, built on Solana, raises $2.6 Million in a Strategic Round.
Lending...
A Multisig Treasury Management and Streaming Payments built on Solana, Zebec, announced its official partnership with Hawksight, one of Solana’s fastest-growing DeFi yield strategy...
xHashtag, a Web3 Credentials for Future of Work, announced that they launching Soul Bound Tokens (SBTs) on Solana.
xHashtag is proud to announce that they officially launching Soul Bound...
Zebec, a Multisig Treasury Management and Streaming Payments has officially announced its partnership with Aver Exchange, the fully decentralized, peer-to-peer, orderbook-based prediction...
Canoe Finance, previously MetaDEX, is a simple MetaFi integration with an upgradable SDK, has announced its integration with ALL.ART, empowers all artists to succeed in the realm of...
Canoe Finance, simple MetaFi integration with upgradable SDK, announced its integration with Jupiter Aggregator, the best swap aggregator, and infrastructure for Solana.
Canoe Finance...
Streamflow, a token distribution platform, announced its partnership with Synesis One, the world’s first web3 application that gamifies the collection of AI training datasets in a...
SpaceFalcon, a next-gen Intergalactic Metaverse, announced its strategic partnership with Dojima Network, a blockchain technology project organizing the Unorganized WEB3.0.
Dojima Network is...
Zebec, a continuous settlement protocol built on Solana, announced its partnership with SolarDex.
Zebec is thrilled to have its partnership with SolarDex, the first US-based Solana Defi...
Jito Labs, the first MEV Infrastructure Company building high-performance systems to scale Solana and maximize validator rewards raises $10M in a Series A Funding Round.
Jito Labs is...
Amulet Protocol announced its strategic partnership with Project Serum, a high-speed, orderbook-based, non-custodial DEX that’s built on Solana.
Amulet Protocol and Project Serum are...
Notifi Network, a messaging infrastructure for dApps to engage with their users in Web3, announced an integration with OptiFi.
Notifi Network is thrilled to announce its latest integration...
Gangsters Paradise is an expansive World where gangs battle to defend their Territory, launching soon on Solana, announced its partnership with Search for Animera.
Gangsters Paradise...
The MetaCity Organization NFTs are the keys to an impeccable layer 1 Organization built on Solana in HeavenLand Metaverse, announced its partnership with HundredDAO, a DAO that focuses on...
Solaunch, the first IDO platform with contagious marketing built on Solana, has formed a partnership with SmartLaunchpad.
Solaunch, a decentralized crowdfunding platform for fundraising...
MetaDAOGuild, the new standard in GameFi announced its partnership with MonkeyLeague, the Web3 Esports Gaming on Solana.
MonkeyLeague, a play-and-earn NFT game of the new generation of...
SupraOracles combines traditional financial markets with Web3 is thrilled to announce its partnership with MeMusic, a blockchain-based platform to provide an inclusive ecosystem through a...