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).
Playground is excited to share more details about its first artwork on the platform, Waves.
Playground is a new experiential platform focused on generative works of art stored immutably...
Marinade, the first liquid staking protocol built on Solana, introduce $MNDE, Marinade’s Secret Sauce
Marinade Finance witnessed exciting growth:
⚡️ 870,000+ SOL staked,...
HydraSwap proudly announces its strategic investment from leading blockchain investor and incubator Titans Ventures.
Titans Ventures investment follows investments from leading crypto VCs,...
CRYOWAR is the real-time multiplayer PVP arena NFT game that was developed in Unreal Engine and on the Solana network.
⭐️ Cryowar
CRYOWAR is a real-time multiplayer PVP arena NFT game...
SolDate is built on the foundation of turning community involvement into a large force that supports the growth and development of the entire Blockchain space. They are excited to announce...
Leveraging the power of Solana NFTs and the Metaplex Protocol, Blockbeats are building a platform for unique music licensing and expansive web3 capabilities.
Whether you are a creator,...
Saber is excited to launch the first Polygon-bridged USDC liquidity pool in partnership with Allbridge.
Allbridge provides the bridging solution that makes this possible, connecting...
Fluidity is going to launch soon and is excited to share with the community the future of money. Money designed to be moved.
Each time you spend or trade a Fluid Asset, you gain the chance...
UXD Protocol proudly announces they have raised $3 million in a seed round led by Multicoin Capital with participation from Alameda Research, Defiance Capital, CMS Holdings, Solana...
GooseFX is delighted to announce to the community their project movement over the last month, including an updated roadmap, development updates, and its code audit.
Development Update
The...
Saber is thrilled to announce an integration and partnership with Switchboard, a community-curated oracle ecosystem on Solana.
Switchboard’s goal is to enable censorship-resistant access...
Evan Luthra joins Soldex as Lead Advisor and Investor. He has been in crypto since 2014 and early discoverer in Eaze.com (Fastest growing on-demand Tech company in 2016) and Wheelys Cafe...
Bonfida is delighted to announce its latest partnership with 3Commas.io, a leading non-custodial Order Management System (OMS) and incubator for DeCommas, which will provide a plethora of...
Pyth Network is thrilled to welcome Jane Street, a premier and dynamic market-making firm.
In order to rewire the current financial infrastructure in a way that is not only faster and more...
Allbridge gladly announces its new partnership with Hedget, a decentralized options trading platform.
With Ethereum/BSC bridge for Hedget’s token, users on multiple chains can hedge the...
Project SEED is thrilled to announce the launch of its brand new play-to-earn website today, after a period of hard work and dedication.
The brand new website provides players, partners, and...
Serum joined by Barrett from the off-piste team is a decentralized pre-IPO synthetic derivatives protocol leveraging Serum’s DEX. Barrett shares his pertinent insights into price...
CoreStarter has integrated across different blockchains for more interoperability. It has maximized blockchains such as Ethereum, Solana, Binance Smart Chain, PolkaDot, and Cardano. Its...