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).
GamifyClub is excited to share the launch of GameFi launchpad and its Public Sale coming on the 2nd of December at 11:00 UTC.
GamifyClub will be listing GMFC on Raydium on the 3rd of...
PARSIQ is pleased to announce a strategic partnership with Starbots, a new blockchain game that offers some truly interesting ways of utilizing our technology.
Within the entertainment...
Nosana helps open source projects to build software faster, more cost-effective, and secure. The first decentralized computation platform powered by the Solana Network, and fueled by...
Cropperbros Research is now an investing partner of Hawksight. Hawksight’s platform provides actionable data to retail investors and institutions by using AI to optimize crowdsourcing...
Good Games Guild is very proud to officially announce that they have formed a strategic partnership with Starbots — the first-ever playable robot battle NFT game on the Solana...
Bonfida is excited to announce the launch of Jabber, a mobile messaging app that is available on iOS and Android.
Bonfida recently delivered an on-chain messaging service, built on the...
DeSyn Protocol is excited to announce that they have partnered with Solv Protocol, in which both projects will collaborate on technical and business aspects. Solv Protocol is the...
Pyth network proudly welcomes Figment as a contributor and partner to bring forth the advancement of web3 development and DeFi by both facilitating the usability and enhancing the...
Neon, an Ethereum virtual machine on Solana that enables dApps on Ethereum to scale and get access to liquidity on Solana, announced that it will integrate Aleph.im, a cross-blockchain...
Bonfida proudly congratulates Grape on successfully completing its integration of the Solana Name Service (SNS).
Since September, the teams at Bonfida and Grape have been discussing how SNS...
Codyfight proudly announces its strategic partnership with xHashtag. Collaboration with xHashtag will make Codyfight robots’ adventure much more enjoyable.
xHashtag: A DAO for...
Orcanauts are a collection of NFTs created for their loyal community. An adorable work of generative art by Cori Huang, each of these 10,000 sea-dwelling critters is as unique as it is...
Project SEED is delighted to announce a strategic partnership with Gate Labs, a start-up accelerator founded by Gate.io — one of the world’s top ten digital currency trading platforms...
Saber is continuing its partnership with Cashio, the creators of CASH.
CASH is a decentralized stablecoin collateralized by Saber USDC / USDT LP tokens. Saber looks forward to continuing...
Dexlab proudly introduces Xverse before hosting their upcoming IDO.
What is Xverse?
Xverse is a blockchain-based metaverse built on Solana. Users can interact with each other, create custom...
DeltaFi V1 Launches its Product Features and Timeline for the community.
Timeline
All the product development for the DeltaFi V1 launch is done. The only blocker now is third-party...
With a grand vision to bring passive financial wealth to Solana Defi users through its various Yield Booster Chests, $CHEST is officially announcing its launch this weekend!
What is...
SolRazr is thrilled to launch the upcoming IDO of RACEFI on November 23 at 2:00 PM UTC. RaceFi will be a complete race-to-earn ecosystem where you can participate in races or own parts of...