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).
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...
Multisig wallet and on-chain automation for Solana, Snowflake, announced its collaboration with Nazare Finance, an automated liquidity manager built by GoblinGold and Hedge Labs.
Snowflake...
Credix, a next-generation credit ecosystem, raises $11.25M in a Series A round led by Motive Partners and ParaFi Capital.
Credix raises $11.25M in a Series A round, the next major step in...
Secretum, a revolutionary secure messaging and trading app, announced its partnership with HolyGrail Markets.
Secretum is thrilled to announce its partnership with HolyGrail Markets, the...
Nebula Wallet, the all-in-one multichain NFT wallet, built by Solarsoft, announced its integration with Chainlink Price Feeds on Ethereum and Solana mainnet.
Nebula Wallet, one of the...
MathWallet, the multichain wallet for web3, announced its integration with WalletConnect v2.0 to help its users unlock multichain experiences using just their wallet.
MathWallet launches...
Kamino Finance is Solana’s ultimate liquidity destination, built on DEXs operating concentrated liquidity market makers.
Kamino Finance is on a mission to become Solana’s ultimate...
Friktion is Solana’s leading portfolio management platform, announced its partnership with Fireblocks, an all-in-one platform for building your digital asset business.
Friktion announced...
SolaDefy, the pioneering Play-to-Earn IDO launchpad and ecosystem, announced its partnership with Animal Reckless Party Club.
Animal Reckless Party Club is a collection of 7777 turtles...
DeQuest, the first multi-chain and cross-metaverse GameFi platform announced its partnership with ev.io.
The most played game on Solana, ev.io is delighted to announce its partnership with...
SolanaFM, a user-focused Solana blockchain explorer for simplifying transaction information, and reducing the complexity of money flow visualizations, raises $4.5M in a Strategic Seed...