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).
The upcoming non-fungible token launch of MIM Swarmers will be on September 23 at 14:00 GMT. MIM’s first NFTs are a series of AI-generated avatars for its community.
They call them MIM...
SupraOracles proudly announces its partnership with InsurAce, a decentralized insurance protocol that addresses its industry challenges regarding accessibility, underlying risk, and capital...
The next Oxbull OXS Initial Dex Offering for GotEM under Solana Mainnet will be on September 23, 2021.
To join the whitelist, simply follow the steps. Applicants will be selected at random...
Bridgesplit, is the platform to compose, launch, and exchange NFT derivatives on Solana.
Bridgesplit is enabling participation through derivative creation, accelerating price discovery...
HydraSwap proudly announces a strategic investment from crypto investment and consultancy BlockDesk Ventures.
The strategic investment by BlockDesk Ventures follows funding from Momentum 6,...
Dexlab is thrilled to announce its second Initial Dex offering the BLOCTO Whitelisting Event. A total of 500,000 $BLT at a price of 0.4 USDC (SPL) per token is allocated to Dexlab...
Allbridge is excited to announce its latest integration with Investin — a decentralized fund management protocol. By bridging IVN from Binance Smart Chain to Solana they will assist them...
Aleph.im is excited to announce its third decentralized indexing integration partner Saber.
Aleph.im’s indexing solution will help Saber by enhancing data availability and offering...
Pyth Network proudly announces its long-term partnership with Amber Group, a leading global crypto trading, and technology firm. To make markets more accessible and transparent for trading...
Saber blissfully announced its partnership with Socean to create the first SOCN/SOL stable pool, making staking on Solana liquid and accessible to all.
Socean is a stake pool for the...
Allbridge is launching its token $ABR on September 21 with the help of its partners at Boca Chica, a Solana-based launchpad.
Allbridge is very thankful to the community for their interest...
Soldex team and community are thrilled to announce they signed a strategic investment partnership with CSP DAO. Through this combined partnership, they will both invade the DeFi to a...
Saros Finance is building the first super-network on Solana, a network equipped with a technically strong AMM to bootstrap liquidity and to help projects through a native launchpad while...
Aleph.im, cross-blockchain decentralized storage, and computing network proudly announce its second decentralized indexing partner Port Finance.
Projects like Port Finance, a baseline...
Plutos Network is thrilled to announce the establishment of a strategic partnership with Zilliqa — a leading public blockchain that is fast, cost-effective, and completely secure with its...
Degen Lizzy is a collection of 10000 distinct mods of a chameleon, is on a mission to save the community and in search of its rightful partner.
Degen Lizzy is an orphaned chameleon from the...
Zignaly proudly announces Zignaly Bridge, the latest offering to allow all ERC20 coins to Bridge from Ethereum to Solana.
Zignaly is extremely excited to announce that the ZIG coin will soon...
HydraSwap is pleased to announce a strategic investment from blockchain investors and incubator In Square Ventures.
As part of the HydraSwap private fundraising round, In Square joins an...