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).
Genopets is honored to announce that they have raised over $8 million from some of the biggest names in gaming and crypto venture capital in order to bridge the physical and digital worlds...
Project SEED will launch its very first multichain public token sale ever on Solanium (SPL) and Gamefi (BSC), on November 9, 2021, kicking off the journey to bring power to users in their...
Good Games Guild proudly announces that they have accomplished $1.7M in seed and private funding round.
The token sale was conducted in two rounds, Seed Sale and Private Sale.
The...
CropperFinance is excited to share to the community their first kick-off Fertilizer event. Farm Launcher feature will not only allow participants to be the first farmers on CropperFinance...
MeanFi announced its partnership with Solflare and adds support for a mobile wallet.
MeanFi users can leverage their Solflare wallets to access the most user-friendly DeFi experience in...
Aurory is glad to announce that their anticipated IDO will take place on October 21st at 2PM UTC.
During this sale, 7% of the total supply (7,000,000 tokens) will be auctioned in an IDO...
Investin is the first decentralized fund management protocol live on Solana that facilitates trust-less interactions between prospecting investors and aspiring traders, the protocol...
Soldex team is excited to announce that Hoo Group Limited has signed a strategic investment partnership with Soldex through its investment division. This is a great stamp of approval of how...
Soldex is thrilled to announce that it has officially partnered with Speqto Technologies, to accelerate the development of its decentralized exchange (DEX) solution and to build and program...
Allbridge enters into a partnership with Aurora, to expand the available bridging options with Aurora Bridge.
Aurora is an Ethereum Virtual Machine, built on top of the NEAR Protocol. It...
Plutos Network is thrilled to announce the strategic partnership with Slope.Finance, a community-based decentralized exchange built on Solana, providing blazing-fast speed, near-zero...
Kurobi are proud to announce that the team’s hard work is now getting the recognition it deserves as Solana Foundation has just awarded the Kurobi team a grant to perfect NFT Timepass...
Serum is excited to announce a new integration with Zeta Markets. Zeta will leverage Serum’s order book design to create a fully on-chain decentralized vanilla options protocol on...
Fluidity is pleased to announce that the first stage of its beta was a major success. They invited multiple people from around the globe to participate in the Fluidity testnet and make...
Decentralized Finance (DeFi) is a newly created ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as Ethereum and...
marginfi, a decentralized margin protocol for trading across Solana. In a world where DeFi markets are exploding in numbers, marginfi makes it easy for traders to access margin, manage...
GooseFX (GFX) is a full suite DeFi platform built on the Solana blockchain and Serum DEX, offering a variety of unique decentralized peer-to-peer financial products.
They aim to be a...
Solanium is proud to announce DeFi Land as being part of its family and the next IDO project! DeFi Land is probably one of the most anticipated projects in this Solana ecosystem, bringing...