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).
KRAFTON, Inc., creators of the globally popular PUBG: BATTLEGROUNDS battle royale game, announced the signing of a business agreement with Solana Labs to support the design and marketing...
Fulbo Galaxy is a play-to-earn Game built on Solana, is going to hold its IDO on the SolanaPrime launchpad in Q2 2022.
Fulbo Galaxy brings a casual play-to-earn experience on Solana to 3.5...
Divvy is a decentralized betting protocol powered by Solana, has raised $2M in seed investment by Shima Capital, NetZero Capital, Big Brain Holdings, Bixin Ventures, Graviton Fund, CSPDao,...
CoinShares, Europe’s largest digital asset investment firm with US$3.8bn in AUM, is thrilled to announce its partnership with FTX Official.
The first initiative in the partnership is...
IQ Protocol, a decentralized money market for digital asset renting and on-chain subscriptions is delighted to welcome DarleyGo to its ecosystem!
DarleyGo is a recent winner in the Solana...
SolanaPrime, a fully decentralized IDO launchpad that aims to fulfill a wide range of Web3 use cases on a global scale is pleased to announce Blockchain Australia as a VC partner, working...
Good Games Guilds is excited to announce its strategic partnership with Eizper Chain, an upcoming F2P-P2E ARPG Game set in a fantasy world with steampunk style powered by Solana.
The...
1Sol proudly announces an extraordinary partnership with Crema Finance, Aldrin Exchange, and Cropper Finance, which means 1Sol currently supports these three projects for swaps on the 1Sol...
Larix is the first Metaverse-based Finance Protocol on Solana, has introduced its Lending Launchpad!
Larix’s vision is to anchor themselves within the development of the Solana Ecosystem...
Aleph.im, the blockchain-agnostic decentralized storage, and indexing network have announced a partnership with the multichain automated market maker (AMM) Swim Protocol.
The partnership...
Ancient8 is pleased to announce a collaboration with Angelic, a Narrative Multiplayer Strategy RPG Powered by Blockchain and Set in a Collaborative Sci-Fi Metaverse.
Ancient8 is continuously...
BlackPool is thrilled to announce they have joined the move-to-earn movement with an investment into Genopets, the world’s first Free-to-Play, Move-to-Earn NFT game on Solana.
Genopets is...
CompendiumFi is thrilled to announce its cooperation with StreamFlow Finance, bringing simple, secure, and powerful token vesting streams to Solana.
CompendiumFi’s objective is to...
UncleMine is a decentralized and verifiable network that brings arbitrary computing power to smart contracts is launching its own Staking and LP mining program!
UncleMine recently launch a...
Penguin Finance proudly announces its collaboration with UncleMine to mine Protocol Owned Liquidity through their bonding service.
UncleMine Protocol is dedicated to utilizing cryptography...
Sheesha Finance is an ambitious, one-of-a-kind, fiery DeFi multi-chain platform, is thrilled to announce its partnership with SolanaPrime.
SolanaPrime aims to become the most capital...
PsyFinance is an Automated Option Strategy Vaults built on Solana has teamed up with Socean to launch a scnSOL covered call vault on PsyFinance’s new V2 vault architecture!
Not only does...
PocketPay, a Non-Custodial Mobile wallet built on Solana, announced Big Brain Holdings as its strategic investor and partner. The collaboration will help them in developing product...