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).
Vybe Network is delighted to announce the closing of a $2.5 million funding round which was supported by leading venture capital firms and angel investors.
The seed round was co-led by...
Solice is the interconnected metaverse of virtual worlds, NFTs, and communities announce that the Solice Genesis Staking is now live!
Stake in the genesis pools to receive rewards that you...
Metafluence is pleased to announce its strategic partnership with SolChicks.
SolChicks is a leading NFT powered fantasy PvP and P2E gaming ecosystem on the Solana blockchain. SolChicks...
Breach is delighted to introduce its new partner xHashtag, a strong project in the crypto space leveraging community talent to accelerate community growth by rewarding valuable...
Port Finance proudly announces the launch of PortDAO. The PortDAO will be involved in making key decisions to steer the ship!
Initial matters to discuss on will include: Liquidity Mining...
Space Falcon is thrilled to announce an amazing partnership with Cropper. Cropper provides Space Falcon with Solana-specific experience and expertise that they believe will prove vital to...
Zeta is delighted to announce that they have entered into a strategic partnership with LedgerPrime to provide day one liquidity and price discovery as a dedicated market maker on Zeta as...
SupraOracles is delighted to announce they have partnered with xHashtag, a DAO ecosystem that is building a robust community accelerator platform. This will allow users to complete simple...
Zeta is delighted to announce that they have partnered with Friktion to build the future of finance on Solana!
What Does This Mean?
Friktion is integrating Volts (composable structured...
OneRare is thrilled to announce it has become the Official Food Partner for SolChicks. Solchicks is the leading fantasy NFT PvP and P2E gaming ecosystem on the Solana blockchain, and they...
Solvent Protocol, the first-ever liquidity platform for NFTs on Solana, has closed its private funding round, raising $1.8 million.
Participants in the funding round include CMS, Solana...
Soldex is thrilled to announce a strategic partnership with Larix — the first metaverse-based finance protocol on the Solana ecosystem.
Larix is the first and only protocol to support LP...
Bonfida is excited to announce that Coin98 has completed its integration of the Solana Name Service (SNS) to their mobile wallets on both iOS and Android.
Since Sep 2021, Bonfida and...
xHashtag, a DAO for the Future of Work, has partnered with Dopamine to bring us the best of the crypto economy!
Partnering up to democratize access to blockchain knowledge and furthering...
SolChicks proudly announce Binance NFT as their exclusive partner for the upcoming 3rd and final wave of the genesis SolChicks NFT mint, to be held on 11th January 2022!
Binance NFT is a...
MetaversePad is the first platform to fundraise multi-chain metaverse games initiated by Good Games Guild. And they are contented to announce that Battle of Guardians — the first NFT...
DarleyGo is extremely excited to announce that they have officially closed their seed round with JumpCapital the leading funding to accelerate its game development!
With the new set of...
SolChicks is excited to announce its partnership with Altura, a Binance Smart Chain-based NFT marketplace for buying, selling, and sending NFTs.
Altura aims to bring together gaming,...