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.
Solana (SOL) Surges Past $200 as ETF Listings Signal Promising Growth
Solana (SOL) surpasses $200 with ETF approvals and a booming stablecoin market cap, hinting at potential further gains. Explore the factors driving SOL's bullish outlook.
Solana's Vision for Internet Capital Markets Gains Momentum with Key Developments
Solana is advancing its Internet Capital Markets vision with upgrades like Firedancer and Alpenglow, positioning itself as a major player in the blockchain ecosystem, according to Galaxy Digital.
Bitwise Nears Launch of Solana (SOL) ETF Following NYSE Approval
The launch of a Solana (SOL) ETF by Bitwise is imminent as the NYSE grants listing approval, marking a significant milestone for institutional adoption.
Solana (SOL) Nears Critical Resistance Amid Recent Recovery
Solana (SOL) has rebounded significantly, approaching a crucial resistance level. This development could influence future price movements, as the crypto market closely watches SOL's next steps.
Smart Contract Security: The Hottest Trend in Crypto and How It Will Shape Your Investment
In 2025, smart contract security takes precedence in crypto, driven by frequent, costly exploits. With billions lost this year, investors now prioritize security measures and audit transparency when evaluating projects, ensuring robust defenses against vulnerabilities. As institutional adoption grows, understanding smart contract security becomes essential for any investment strategy.
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.