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) Hits 30 Months of 100% Uptime, Cementing Resilience
Solana (SOL) achieves 30 months without a network outage, underscoring its reliability as the blockchain processes record transaction volumes.
Stablecoins Reshape Remittances: Solana (SOL) Report Highlights New Trends
Solana (SOL)'s report reveals how stablecoins are disrupting remittances by reducing fees, speeding up transfers, and reaching the unbanked.
BitRobot Crowdsources AI Data Using Solana (SOL)’s Blockchain
BitRobot leverages Solana (SOL) to reward contributors for real-world robotics data, open-sourcing 2,000 hours of navigation data to advance embodied AI.
Solana (SOL) Cuts Rent Costs: How to Reclaim Excess Funds
Solana (SOL)'s rent reduction unlocks excess SOL for users. Learn how to reclaim funds via updated tools and program logic.
Solana (SOL) Payment Channels Hit 1 Million TPS, Partner With Alibaba
Solana (SOL)'s payment channels enable 1M transactions per second, reducing costs for AI and API payments. Launching with Alibaba Cloud.
Solana (SOL) Moves $4.7T in Stablecoins as Tokenization Surges
Solana (SOL) processed $4.7T in stablecoins in the past year, showcasing the rise of tokenized assets and programmable markets.
ARK, Glassnode Map Decentralization Spectrum for BTC, ETH, SOL
New ARK-Glassnode report quantifies Bitcoin, Ethereum, and Solana's decentralization tradeoffs across auditability, security, governance, and ownership.
Solana (SOL) Takes Breakpoint 2026 to London, Highlights 'Token Supercycle'
Solana (SOL)'s flagship Breakpoint 2026 event heads to London, Nov. 15–17, focusing on onchain capital markets, with 8,000+ attendees expected.
How to Bridge SOL to Injective (INJ)Using Phantom and deBridge
Learn how to bridge SOL from Solana to INJ on Injective (INJ)via Phantom and deBridge. Step-by-step guide with tips on fees and setup.
Asia Leads Stablecoin Growth, Reap Processes $6B Annually
Reap's $6B stablecoin card volume underscores Asia's lead in cross-border payments, driven by regulatory frameworks and infrastructure.