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).
Neon EVM, an Ethereum virtual machine on Solana that enables dApps on Ethereum to scale and get access to liquidity on Solana, will go live on Mainnet on December 12, 2022. Neon EVM will go...
09.11.2022
A Multisig Treasury Management and Streaming Payments built on Solana, Zebec Foundation has announced the launch of a $10M ZBC Ecosystem Fund to further support their communities and...
09.11.2022
Sypool, a synthetic asset management protocol built on Solana, announced its collaboration with Space Falcon, an Intergalactic Solana metaverse featuring PvP space shooter game with...
04.11.2022
Full-suite data network used to build the backend for all web3 dApps and protocols, PARSIQ announced its strategic partnership with Hypersea, a decentralized exchange built on Solana. PARSIQ...
04.11.2022
DIA, a multi-chain, end-to-end, open-source data and oracle platform for Web3, announced its collaboration with Epics, a decentralized crowdsourcing platform for incentivizing open-source...
03.11.2022
Hawksight, one of Solana’s fastest-growing DeFi yield strategy aggregators announced its partnership with the largest, most diversified Investment Fund on Solana Blockchain, Pugging...
03.11.2022
Hubble Protocol, a decentralized finance and stablecoin project on Solana, announced its partnership with the leading multi-Chain decentralized cover, InsurAce.io This partnership of Hubble...
01.11.2022
The first yield aggregation platform built on Solana with auto-compounding vault strategies, Tulip Protocol, announced its partnership with Orca. This partnership of Tulip Protocol with the...
29.10.2022
In collaboration with Lido, Kamino Finance is pleased to announce a significant accomplishment in enhancing Solana’s capital efficiency and network security. The most recent...
28.10.2022
Play-to-Earn IDO GameFi Platform + Launchpad and Incubator, Soladefy has announced its partnership with Animoca Brands’ BlockchainCenter. Soladefy will benefit from its partnership...
27.10.2022
Notifi, a message infrastructure allowing Web3 dApps to communicate with their consumers, has created new alerts on Bonfida that provide blockchain solutions. Notifi and Bonfida...
26.10.2022
Solana’s ultimate liquidity destination, Kamino Finance, announced its partnership with Solend, the autonomous interest rate machine for lending on Solana. Kamino Finance partnership...
24.10.2022
Chapter One, the first check crypto fund focused on the web3 economy, has invested in Helius, making Solana development easier, quicker, and less expensive. Chapter One has invested in...
22.10.2022
A messaging infrastructure for dApps to engage with their users in Web3, Notifi Network, introduces Enterprise-level tools to web3. Notifi introduces enterprise-level tools to web3. Their...
21.10.2022
Skiff, a fully end-to-end encrypted and decentralized collaboration platform, has joined the Bonfida Solana Name Service family! To serve as a decentralized email address, Skiff has joined...
20.10.2022
Ratio Finance, a technique for Collateralized Debt Positions on Solana that focuses on risk assessment and mitigation introduces Liquidations. Ratio Finance introduces liquidations to...
19.10.2022
Get Set Play, a groundbreaking, DAO-governed esports gaming and streaming platform that leverages blockchain technology, announced its partnership with Dragon War. Get Set Play has formed...
17.10.2022
Multi-Chain continuous settlement protocol, Zebec, has announced its Insta-Swap integration with Ratio Finance. Zebec announced the integration of the Insta-Swap feature, an exclusive...
15.10.2022
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