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).
Everlend released its recent adjustments on its roadmap to the community. Their goal is to integrate with all major money markets and become the go-to Meta lending protocol on...
Ratio Finance is pleased to announce its partnership with MatrixETF and looks forward to collaborating with their team to create innovative financial solutions for users of the Solana...
SolRazr is thrilled to announce that the Whitelist for their first initial dex offering is now open, along with airdropping its tokens to holders and early adopters.
SolRazr aims to be the...
Solanax is defining the Decentralized Finance sector, by leveraging what is shaping up to be one of the most promising blockchain ecosystems in the space, Solana, and by striving to be...
UPFI Network is integrating the industry-leading Chainlink Price Feeds on Solana as its oracle solution to help maintain the peg of its partially collateralized and partially...
Scallop is excited to share about the current progress of their project and its Q3 roadmap.
They have met many people during this quarter, like some core members from other projects, some...
An enormous achievement was attained as the Plutos Network synthetic V1. Systems passed the highly Peckshield regarded audits.
The Plutos Network was audited by Peckshield and it was...
Saber launches the first Celo-bridged liquidity pool in partnership with Allbridge.
The Celo Dollar (cUSD) is Celo’s native USD stablecoin, backed by a diversified portfolio of crypto...
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...