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).
ICHI and Ren communities have formed a strategic partnership to launch community governed stablecoins for each asset supported by RenVM! This means cross-chain stablecoins can be created...
10.08.2021
ATLAS and POLIS, the two tokens powering the next-gen blockchain gaming metaverse, are set to be released as an Initial exchange offering (IEO) on FTX and an Initial DEX Offering (IDO)...
10.08.2021
Saber is delighted to announce a partnership with Marinade Finance to create a mSOL/SOL pool, making staking on Solana liquid and accessible to all. Marinade Finance is the first liquid...
10.08.2021
What is Luna Bridge? Luna Bridge is a bridging tool that allows users to transfer their tokens from one blockchain to another. The purpose of Luna Bridge is to simplify the process of...
10.08.2021
SOLFLARE is a non-custodial wallet where you can store, stake, swap, and send on Solana with Solflare. Available on desktop, mobile, and as a browser extension. They have overhauled its...
09.08.2021
1Sol will be joining Solbridge, bringing it more possibilities to Cross-Chain solutions. Solbridge value the contributions of 1Sol protocol to ensure that DeFi operations are well-protected...
09.08.2021
Wormhole is excited to announce the launch of its mainnet. Aims to fill this gap as a cross-chain messaging protocol, secured by a network of Guardian nodes. At launch, Wormhole mainnet will...
09.08.2021
01 excited to announce a  decentralized derivatives exchange built on Solana, where you can experience fully autonomous markets, instant liquidity, millisecond transaction speeds, and...
08.08.2021
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