SOLANA
Solana ($SOL) is an open-source blockchain platform designed to facilitate decentralized applications with high scalability. Originating in 2017, it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. Solana's protocol introduces a hybrid consensus model, combining proof-of-history (PoH) with the underlying proof-of-stake (PoS) consensus of blockchains. This innovative approach allows Solana to achieve transaction speeds of up to 50,000 transactions per second, a significant leap compared to Ethereum's 15 transactions per second. Solana's energy efficiency is also noteworthy, with each transaction consuming energy equivalent to a few Google searches. The cryptocurrency associated with Solana, SOL, witnessed a remarkable surge in 2021, with its market capitalization reaching over $66 billion at one point. However, by October 3, 2022, its market cap had decreased to approximately $11.71 billion. Solana's unique proof-of-history concept, introduced by co-founder Anatoly Yakovenko in a 2017 white paper, enables the verification of the order and passage of time between events, enhancing the speed and efficiency of the blockchain. As of September 2022, Solana has processed over 100 billion transactions at an average cost of $0.00025 per transaction. Solana's GitHub repository indicates active development, with a focus on scalability, security, and decentralization. The platform's architecture can theoretically handle up to 710,000 TPS on a standard gigabit network. The repository also emphasizes compliance with applicable laws and regulations, highlighting the project's commitment to ethical and legal standards.
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Zepz Unveils Sendwave Wallet on Solana, Expanding Global Remittance Solutions
Zepz, the company behind WorldRemit and Sendwave, launches the Sendwave Wallet on Solana, enabling global users to access peer-to-peer transactions using USDC.
Solana Faces Market Challenges as Digitap Aims to Revolutionize Payments
Solana's price struggles below $200 while Digitap emerges as a potential leader in digital payments, leveraging AI and stablecoins for seamless transactions.
Fidelity Expands Cryptocurrency Offerings with Solana (SOL) Support
Fidelity Investments now includes Solana (SOL) in its digital asset offerings, allowing U.S. brokerage customers to access custody and trading services.
Solana Company (HSDT) Forms Strategic Partnership for Enhanced SOL Staking
Solana Company partners with Helius and Twinstake to enhance SOL staking services, utilizing Anchorage Digital Bank for direct custody operations, according to CoinMarketCap.
XRP, Solana (SOL), and TRON (TRX) Emerge as Top Crypto Picks Amid Market Volatility
XRP, Solana (SOL), and TRON (TRX) are highlighted as top crypto investments due to their potential for growth amid market fluctuations, according to CryptoNews.
Solana (SOL) Faces Persistent Pressure Below Key Technical Level
Solana (SOL) struggles to maintain momentum above the 200-EMA, facing repeated rejections and potential downside pressure towards the $145 support level.
Mercer Park's $300M Acquisition of Cube Group Aims for $500M Solana (SOL) Treasury
Mercer Park Opportunities Corp. plans to acquire Cube Group in a $300 million deal, aiming to establish a $500 million Solana treasury, according to CoinMarketCap.
Solana’s Percolator Challenges Aster in Decentralized Perpetuals Market
Solana's Percolator, a new decentralized perpetual exchange, is set to challenge Aster's dominance in the DEX derivatives market with its Layer 1 integration.
Hong Kong to Launch First Solana (SOL) ETF Amid US Crypto ETF Anticipation
Hong Kong's first Solana (SOL) ETF is set to launch on October 27, while the US awaits SEC approval for 155 crypto ETFs, signaling a potential surge in crypto investment products.