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).
D’CENT Wallet announced the integration update to support the Solana network, a decentralized computing platform that improves blockchain scalability by using a combination of Proof of...
Zebec is thrilled to announce that they have successfully raised $6 million in early-stage seed round funding.
The round was led by Republic Capital, Shima Capital, and Breyer Capital and...
ALL.ART Protocol is thrilled to announce that it has successfully closed a private funding round, raising $4.5 million to create the necessary infrastructure for integrating the next...
Phantasia — the play-to-earn fantasy sports platform — is integrating Chainlink Price Feeds on Solana.
By integrating the industry-leading decentralized oracle network, Phantasia will...
Saber is bringing the first Huobi ECO Chain (HECO) assets to Solana! Bitcoin and USDT are bridged from HECO can now interact with the Solana ecosystem.
Saber and Allbridge are excited to...
Synthetify is excited to announce that they are actively integrating Chainlink Price Feeds to help secure the minting, swapping, redeeming, and liquidating functions of their synthetic asset...
Serum Core is the newest and highly anticipated upgrade to Project Serum, a protocol delivering the underlying liquidity infrastructure to decentralized applications built on Solana’s fast...
Seeded Network is Integrating Chainlink Price Feeds to Enable Secure Lending Services on Solana.
Seeded Network — a project incubator with a unique borrowing and lending solution — will...
The first Solana-Centric NFT Mobile Gateway – Slope NFT Market has officially launched.
Slope wallet has undergone an upgrade, with the latest version 1.4.0 of the Slope wallet...
NFTrade is delighted to announce that they have received a grant from the Solana development team, to continue to grow and develop the Solana NFT ecosystem.
This grant will enable NFTrade to...
Marinade.finance is pleased to announce that it will be sponsoring a new mSOL/USD Chainlink Price Feed on the Solana blockchain.
DeFi projects in the Solana ecosystem will be able to use...
Jet is a decentralized borrowing and lending protocol built for speed, power, and scalability on Solana, has raised a $6.8M Follow-on Round with Paradigm, Reciprocal Ventures, Solana...
Saber is excited to announce its support for the deployment of a wide range of Chainlink Price Feeds on Solana.
Chainlink Price Feeds are the industry standard for secure and reliable...
Render Network is excited to announce a new technology roadmap to bring the core components of the network’s infrastructure to Solana, starting with a partnership with Metaplex, a...
Raydium is partnering with Serum to provide yield for cross-chain assets on Solana.
Raydium is cooperating with Serum to kick-off a yield farming initiative to further drive trading,...
Smart Inu, the only verified and audited smart contract investment platform on the Binance Smart Chain network has introduced its innovative investment solution, making it easier for users...
Orca’s new NFT project combines art, DeFi, financial literacy, and fun! As the Orca ecosystem has grown, new creatures have been sighted emerging from deep within. 10,000 unique...
Zoints is a social network that utilizes Solana and has stated that it enables Patronage 2.0.
But what does that mean? Let’s start with the meaning of financial patronage. Financial...