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).
Allbridge proudly announces the completion of Hacken’s audit to its platform.
Hacken is a cybersecurity company that excels at providing audits for projects in the cryptocurrency space....
Star Atlas is thrilled to announce that Yield Guild Games has committed to purchasing $1 million worth of Star Atlas NFT gaming assets as part of a long-term partnership between the two...
A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution,...
Apricot Finance was completely audited by the cybersecurity firm Halborn.
Apricot Finance has been working with Halborn, an elite cybersecurity auditing firm in the crypto space to ensure...
Switchboard proudly announces its partnership with the Grape Network.
The Grape Network is creating the building blocks for decentralized social networks paving the way for permission-less...
Cropperbros Research is now an investing partner in Waggle Network’s groundbreaking project.
Waggle Network is a decentralized multi-chain noncustodial marketplace protocol whose...
The Soloth Street Club will have its Presale today and limited spots remain, mint price is just 0.5 SOL.
The Soloth Street Club is a collection of 8,000 randomly generated Soloths stored on...
Rock DAO is preparing its collections for the launch of their next auction! Prepare your SOL wallets ready!
Decentralized Autonomous Organizations, or DAOs for short, have been a new...
The first DApp built by an independent developer is launching on the Public Mint blockchain, offering trading directly between MINT tokens and USD.
NovelSwap is a next-gen decentralized...
Nyan Heroes proudly announces an official partnership with Metaplex Studios with strategic support from Solana Labs.
Nyan Heroes is making a splash as the next biggest game in the...
Saber is excited to launch a stable Ethereum-bridged USDC liquidity pool on Solana in partnership with Allbridge.
Allbridge provides the bridging solution connecting Ethereum and other...
GooseFX team is excited to share their project updates with the community; including some talented new hires, upcoming contests, and development updates.
After a rigorous interview process,...
MoonLana introduces Lanatools Beta v1.0. Their second integration tool for the Solana Ecosystem. After they released the First Onchain Solana Tipbot, they wanted to provide more for the...
Saber is excited to announce the 2021 Q4 Roadmap, including staking and voting, dual yields, additional LP token utility, and analytics.
Saber did an exciting accomplishment for Q3. The...
The Cyclos team proudly introduces CycloSwap – the most advanced swap interface on Solana.
The importance of the swap mechanism to DeFi is often taken for granted, despite the...
CropperFinance is thrilled to announce its Farm Launcher’s hero feature, The Fertilizer, a feature that celebrates DeFi innovation while rewarding farmers.
Cropper Finance will be the...
Allbridge is thrilled to announce its partnership with Mobius to bring Solana USDC to Celo.
Allbridge, is expanding its cross-chain support with more assets for Celo. They launch a bridge...
Synchrony explains an aspect of investing called knowledge-based index investing, and how it can help specifically with getting people into investing assets in a smart and safe manner.
What...